MFAN: New Bill Advances U.S. Development Finance but Needs to Ensure Strong Development Impact
In a statement delivered on behalf of MFAN, co-chairs George Ingram, Tessie San Martin, and Connie Veillette write, “The Modernizing Foreign Assistance Network commends the bicameral, bipartisan effort behind new legislation to strengthen U.S. development finance tools and will be engaging closely to ensure it maximizes its contribution to development. The Better Utilization of Investments Leading to Development Act of 2018 (BUILD Act) … follows the recent proposal in the President’s FY19 Budget Request and the 2017 architecture proposal of the MFAN Co-Chairs. MFAN applauds the sponsors’ leadership and looks forward to working together to strengthen the bill’s development mandate and tools in delivering long-overdue reforms…” (2/28).