Multilateral anti-Development Banks

"Foreign Operations" appropriation bills now working their way through Congress supposedly provide funding to "advance U.S. diplomatic priorities overseas," "increase global security," and continue "life-saving global health and humanitarian assistance programs for the world's most vulnerable populations." The bills include handsome funding for the World Bank and other so-called Multilateral Development Banks: some $1.8 billion in total. The United States is by far the World Bank Group's largest donor, and a major funder of four other MDBs: the African Development Bank, Asian Development Bank, Inter-American Development Bank and European Bank for Reconstruction and Development.