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Amid a Dire Foreign Affairs Budget Request, a Quiet Vote of Confidence for MCC

The Trump administration’s first budget deals a harsh blow to the international affairs budget. With a topline reduction of 32 percent, few programs avoid cuts. One that fares relatively well, however, is the Millennium Challenge Corporation (MCC). Though the $800 million request is the lowest in the agency’s 15-year history, and—if enacted—would be its lowest-ever appropriation, it represents a cut of just 12 percent over last year’s enacted level.

Five Innovations at the AIIB

We visited the AIIB a few weeks ago, and heard more about the emerging AIIB model: What is likely to be the same—as at the five big legacy banks (the World Bank and the four regional development banks) and what is likely to be different.

Three Lessons for G7 Leaders on Refugees – Podcast with IRC's David Miliband

The location for this year's G7 Summit, in the Sicilian coastal city of Taormina, is a reminder that Italy's shores are a frontline for refugees making the perilous journey across the Mediterranean from North Africa and the Middle East. For the summit dignitaries who will attend, IRC's David Miliband has some advice on how to address the refugee crisis, which he shares in this edition of the CGD Podcast.

There Is an Emerging Trump Philosophy for Foreign Assistance

The Trump administration has had very little to say about foreign assistance, apparently preferring to let the budget knife do its talking. But if we want to discern some sort of guiding philosophy to aid coming from this White House, perhaps we should look no further than aid to Israel and Egypt, the number one and number two overall US foreign aid recipients. In a budget that imposes double-digit cuts to programs aimed at disease eradication and response to humanitarian crises, military aid to these two countries has been cut not even by a whisker.

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