As Donald Trump’s incoming administration focuses on “America First” policies, a transactional approach to foreign aid, and potential cuts to aid funding, its posture towards the World Bank and other multilateral institutions remains uncertain.
Experts consulted by Devex agree that the administration’s approach will depend on which voices prevail within the U.S. Treasury Department and the administration’s overall priorities.
“It’s a matter of who prevails in the argument: is this important for U.S. foreign policy or not that important,” Rob Mosbacher, a former head of the Overseas Private Investment Corporation, the predecessor of the U.S. International Development Finance Corporation, told Devex. “There is no good way of judging that at this point.”
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
