Shift In U.S. Fiscal Policy Could Affect Developing Country Debt, ‘Set Back Economic Progress’

Center for Global Development’s “U.S. Development Policy”: Is the New Budget Deal Good for Foreign Aid? Maybe. Is it Good for Developing Countries? Probably Not.
Scott Morris, senior fellow and director of the U.S. Development Policy Initiative at CGD, writes, “Congress and the Trump administration are now pursuing an aggressively expansionary fiscal policy at a time when such an approach seems nearly guaranteed to drive up interest rates. The ripple effects of this directional shift for the developing world will accelerate and exacerbate a trend toward higher costs of borrowing for developing countries and more limited access to capital markets” (2/9).

The KFF Daily Global Health Policy Report summarized news and information on global health policy from hundreds of sources, from May 2009 through December 2020. All summaries are archived and available via search.

The Henry J. Kaiser Family Foundation Headquarters: 185 Berry St., Suite 2000, San Francisco, CA 94107 | Phone 650-854-9400
Washington Offices and Barbara Jordan Conference Center: 1330 G Street, NW, Washington, DC 20005 | Phone 202-347-5270

www.kff.org | Email Alerts: kff.org/email | facebook.com/KaiserFamilyFoundation | twitter.com/kff

Filling the need for trusted information on national health issues, the Kaiser Family Foundation is a nonprofit organization based in San Francisco, California.