Wall Street Greed? Not in This Neighborhood. (Washington Post)

The Washington Post quotes CGD senior fellow Steve Radelet on the financial crisis and its impact on U.S. foreign aid.

From the article:

"Speaking at the vice presidential debate in St. Louis, the Democratic candidate, Sen. Joseph R. Biden Jr., said a campaign promise to double foreign aid might have to be 'slowed down.' Strategically important countries, especially those perceived as critical in fighting terrorism, are unlikely to see a decrease in aid, said Steve Radelet, a senior fellow at the Center for Global Development and a former U.S. Treasury Department official. "The government won't take a dime out of funding Iraq or Afghanistan or Pakistan,' Radelet said. 'But they will be unlikely to spend money in, say, Tanzania or Senegal.'"

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