CGD, MFAN Welcome Passage Of BUILD Act
Center for Global Development: Boom: A New U.S. Development Finance Corporation!
Todd Moss, senior fellow, and Erin Collinson, director of policy outreach, both at CGD, discuss the passage of the Better Utilization of Investments Leading to Development (BUILD) Act of 2018, which aims to “streamline and strengthen U.S. development finance tools by establishing a full-service U.S. International Development Finance Corporation (USIDFC).” The authors write, “This policy change will modernize the U.S.’s development finance agency, and allow the U.S. to play a leadership role in addressing poverty, while promoting American businesses around the world” (10/3).
Modernizing Foreign Assistance Network: MFAN Hails Final Passage of BUILD Act and the Modernizing of U.S. Development Finance
In a statement delivered on behalf of MFAN, Co-Chairs George Ingram, Lester Munson, and Tessie San Martin welcome the passage of the BUILD Act, writing, “MFAN has advocated for development finance reform and has engaged with Congress on this legislation to promote a consistent development mandate, transparency, strong linkages to USAID, and learning and evaluation systems. MFAN is pleased that these considerations were incorporated into the legislation” (10/3).