Friend –
A ton certainly happened this past week in Washington – but before heading out for the holidays, I want to share a quick update on the international front.
In the final flurry of legislation, I’m really pleased with the number of bipartisan bills that were just signed into law on global development and diplomacy. And the final results for the International Affairs Budget – resources for the State Department, USAID, and other development agencies – are a complete rejection of the original calls to cut a quarter of our footprint in the world!
Take a quick read of the final GLOBAL GAB of 2019 with the latest on:
Wishing you and your family a wonderful holiday season. I’m taking a few books on the road with me – please do drop me note as I’d love to know what you’re reading over the break.
Warmest wishes,
Liz
Liz Schrayer, USGLC
THE GLOBAL GAB
December 23, 2019
BY THE NUMBERS. The year started with a 24% cut to America’s footprint around the world – proposed by the White House Office of Management and Budget – and ended with Congress approving a 1% increase over the 2019 funding level for diplomacy and development. While most foreign policy experts consider this nowhere near adequate given the scope of challenges around the world, it’s an important rejection of what Senator Lindsey Graham called “the doctrine of retreat”.
BIPARTISANSHIP FOR THE WIN. The president signed into law several important pieces of bipartisan legislation that advance America’s role in the world:
UPPING OUR GAME. With its inaugural funding now passed, the new U.S. International Development Finance Corporation – formerly the Overseas Private Investment Corporation (OPIC) – is official with CEO Adam Boehler at the helm. Thanks to the previously passed BUILD Act, the new agency can fully unleash the power of development finance with a $60 billion portfolio for loans and risk insurance for investments that fight poverty in the developing world.
AMERICA’S EXPORT BANK. Congress just passed a 7-year reauthorization of the U.S. Export-Import Bank, strengthening this critical part of the U.S. economic toolkit that creates American jobs and boosts exports to overseas markets. Leading the charge were Senators Kevin Cramer and Kirsten Sinema, whom the USGLC was proud to host this year at statewide events in Fargo and Phoenix, respectively.
DEBATE STAGE. Foreign policy watchers praised the quality of the questions focused on America’s role in the world – totaling about 22 minutes of discussion – in the PBS-Politico December Democratic debate. Here are some of the responses:
NEW POWER PLAYERS. As the 2019 congressional session wrapped, more than a dozen critical foreign policy posts nominated by the White House were confirmed by the U.S. Senate:
NOBEL LAUREATES. For their groundbreaking work in addressing ways to alleviate global poverty, MIT’s Abhijit Banerjee and Esther Duflo and Harvard’s Michael Kremer were awarded the 2019 Nobel Prize winners for economics. Fun fact: Banerjee and Duflo are the sixth married couple to jointly win a Nobel prize. See their December piece in Foreign Affairs on “How Poverty Ends.”
U.S. Global Leadership Coalition |