House Bill Would Decimate World Bank Funding

Article source
Foreign Policy

The House is pushing a bill that would slash World Bank funding by almost half — a far deeper cut to the international finance organization than even President Donald Trump’s budget proposed.

On July 12, the Republican-led House Appropriations Committee released its State and Foreign Operations bill, representing its vision for the 2018 fiscal year budget for the State Department, security responses, and humanitarian missions. The World Bank would receive $541 million less than what the president requested, according to a draft copy of a report on the bill reviewed by Foreign Policy.

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