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We are at the start of what promises to be an unusually difficult year in the global economy. Policy decisions in the United States and other rich world countries will matter immensely for poor and vulnerable people living in developing countries.
Two former administrators of the U.S. Agency for International Development -- Peter McPherson and Brian Atwood -- said the U.S. government should give greater prominence to development and rewrite the Foreign Assistance Act of 1961 in their testimony before the House Foreign Affairs Committee last week. Their testimony and other events around town signal growing momentum for a dramatic overhaul of U.S. foreign assistance.