As indicated in the Trump administration’s skinny budget released in March, the FY18 budget request incorporates the idea of transitioning the Foreign Military Financing (FMF) program from grants to loans.
CGD Policy Blogs
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.
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.
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.
How USAID’s Demographic and Health Surveys Overestimate Literacy around the World—and How to Fix That
Three cheers for the DHS! However, the value of the DHS literacy data is significantly undermined by a small, easily fixable flaw in the way the survey is administered.
The full budget features a 32 percent cut to topline funding for the Department of State and Foreign Operations, leaving few programs that would completely escape the axe. It’s hard to read this as a good deal for anyone.
The Trump Administration is making a mistake, based on a flawed premise, by putting the Overseas Private Investment Corporation (OPIC) on the chopping block in its recently released budget request.
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.
What the Mariel Boatlift of Cuban Refugees Can Teach Us about the Economics of Immigration: An Explainer and a Revelation
Do immigrants from poor countries hurt native workers? A study by an influential immigration economist at Harvard University recently found that a famous flood of Cuban immigrants into Miami dramatically reduced the wages of native workers. But there’s a problem. The Borjas study had a critical flaw that makes the finding spurious.
A joint analysis with the Center on Budget and Policy Priorities shows the Trump Administration’s proposed budgets cuts could leave US development spending further behind than ever on its fair share.