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U.S. Lawmakers Expected To Propose Creation Of New Development Finance Institution

Devex: Exclusive: New U.S. DFI expected to get strong White House support
“A long-awaited, bipartisan bill in the United States calling for the creation of a new development finance institution is expected to be introduced as soon as next week in the Senate and House of Representatives. … If lawmakers do move a new U.S. development finance institution from proposal to reality, it will stand as a major aid reform accomplishment at a time when many development programs are facing White House pressure to cut back. The new institution would also mark the arrival of development finance in a more central role in U.S. global development policy, having overcome political battles that hindered efforts to strengthen these institutions in the past…” (Igoe, 2/9).

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