• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Report: US Sends Aid To Countries Holding Billions of US Debt

    By Ivy Mungcal // 06 June 2011

    The United States sends substantial amounts of foreign aid to countries it borrows money from, according to a recently released report from the U.S. Congressional Research Service.

    China, Brazil, Mexico, India, Russia and several other countries that hold a total of at least $10 billion in U.S. Treasury securities receive foreign aid for various initiatives, including for HIV/AIDS prevention and treatment, illegal drug trade and environmental protection, the report says, according to The Hill.

    This provision of aid to countries the United States borrows money from is a dangerous mix for both parties, according to Sen. Tom Coburn (R-Okla.), who requested the CRS report.

    “If countries can afford to buy our debt perhaps they can afford to fund assistance programs on their own,”  The Hill quotes Coburn. “At the same time, when we borrow from countries we are supposedly helping to develop we put off hard budget choices here at home. The status quo creates co-dependency and financial risk at home and abroad.”

    Read more about U.S. development aid.

    • Humanitarian Aid
    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Stories

    Global HealthOpinion: The US legacy in HIV is unraveling

    Opinion: The US legacy in HIV is unraveling

    The trump effectWhite House defends $9.4 billion clawback amid Senate concerns

    White House defends $9.4 billion clawback amid Senate concerns

    Devex Money MattersMoney Matters: A $9.4 billion clawback of US aid

    Money Matters: A $9.4 billion clawback of US aid

    The Trump effectUS lawmakers blocked from USAID, told to go to State Department instead

    US lawmakers blocked from USAID, told to go to State Department instead

    Most Read

    • 1
      The power of diagnostics to improve mental health
    • 2
      Lasting nutrition and food security needs new funding — and new systems
    • 3
      Opinion: Urgent action is needed to close the mobile gender gap
    • 4
      Supporting community-driven solutions to address breast cancer
    • 5
      The top local employers in Europe
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement