“The Congressional Research Service released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the U.S. handed out a total of $1.4 billion to 16 foreign countries that held at least $10 billion in Treasury securities,” FoxNews.com reports.
Programs, Funding & Financing
U.S. aid efforts in Pakistan have become “muddled” and should be delayed until reforms are implemented, a report (.pdf) compiled by a Center for Global Development (CGD) task force, said on Wednesday, Agence France-Presse reports (Tandon, 6/1).
“Considering its wealth, the U.S. spends relatively little on humanitarian aid that can make an enormous difference in the lives of millions of people â€“ and in the perception of the U.S. around the world. Nothing this nation could do with $450 million would surpass the good accomplished with a vaccination pledge to GAVI,” according to a Detroit Free Press editorial, which calls for President Barack Obama to provide $450 million over three years for the GAVI Alliance (6/1).
IRIN examines how some major international aid donors report their donations in a way that inflates their contributions.
In a speech to the OECD last week, Secretary of State Hillary Rodham Clinton said that foreign aid is undermined by lax tax enforcement systems in developing countries and their wealthy citizens who avoid paying taxes, Agence France-Presse reports.
“As the war on AIDS heads into its fourth decade, the need for funds is spiralling relentlessly higher, prompting a quest for new resources from consumer levies to contributions from developing giants,” Agence France-Presse/France 24 reports (5/30).
After the conclusion of the G8 summit in Deauville, France, last week, development experts expressed concern that the G8’s aid package, aimed at encouraging democracy mostly in North Africa, would result in less aid for the rest of the continent, Inter Press Service reports.
In a piece on The Hill’s “Congress Blog,” Eva Clayton, a former Democratic member of Congress from North Carolina and assistant director general of the U.N. Food and Agriculture Organization between 2003 and 2006, calls on the World Bank to invest more in women farmers in the developing world, after the agency “largely ignored the role women and small entrepreneurs can play in the developing world to improve food security” at an April 2011 meeting.
The Associated Press examines the debate over the poverty line in India, noting that a commission, which helps set the country’s economic policy, told the Supreme Court earlier this month that the poverty line in cities was 578 rupees ($12.75) per person per month, and about 450 rupees ($9.93) per person per month for rural areas.
President Barack Obama met with Russian President Dmitry Medvedev in Deauville, France, ahead of the G8 summit, ABC News’ “Political Punch” blog reports.