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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