Introduction
In March 2024, as the Biden Administration released its Fiscal Year 2025 (FY25) budget request, the U.S. Department of the Treasury detailed its budget requests to fund U.S. participation in—and leadership of—international financial institutions (IFIs), including the International Monetary Fund (IMF); the World Bank and other multilateral development banks (MDBs); and other multilateral institutions and initiatives.
The Administration’s budget request represents a commitment to sustaining the IFIs and their instrumental role in rebuilding and strengthening the world economy in response to global challenges.
The President’s budget request includes an International Affairs Budget—with proposed funding for the Department of State, USAID, and international programs administered by several other U.S. agencies—that totals $64.4 billion, a 10% increase compared to the Fiscal Year 2024 (FY24) enacted level of $58.5 billion. Of that sum, a total of $2.5 billion is requested for International Programs led by the Treasury Department, a $0.1 billion or 4% increase from the FY24 enacted level.
The material below outlines the Biden Administration’s FY25 budget request for the IFIs and related multilateral initiatives. Each section also describes how Treasury indicated the requested funding would be used if appropriated.
