International Programs

Program Summary

Dollars in Thousands

Budget Activity FY 2015 Enacted FY 2016 Enacted FY 2017 Request

Of which, payment 

toward unmet 

commitments

International Monetary Fund (IMF) $0 1/ $0 $0

Multilateral Development Banks (MDBs) Total $1,999,804 $1,816,477 $1,802,958 $150,040

Int'l Bank for Reconstruction and Development (IBRD) $186,957 $186,957 $5,963 $5,963

African Development Bank (AfDB) $32,418 $34,118 $32,418 $0

Asian Development Bank (AsDB) $106,586 $5,608 $0 $0

Inter-American Development Bank (IDB) $102,020 $102,020 $21,940 $21,940

North American Development (NADB) $0 $10,000 $45,000 $0

International Development Association (IDA) $1,287,800 $1,197,128 $1,384,072 $93,472

African Development Fund (AfDF) $175,668 $175,668 $214,332 $19,332

Asian Development Fund (AsDF) $104,977 $104,977 $99,233 $9,333

Multilateral Investment Fund (MIF) $3,378 $0 $0 $0

Food Security Total $30,000 $74,930 $53,000 $0

Global Agriculture and Food Security Program (GAFSP) 2/ $43,000 $23,000 $0

Int'l Fund for Agricultural Development (IFAD) $30,000 $31,930 $30,000 $0

Environmental Trust Funds Total $401,000 $398,563 $409,063 $10,000

Clean Technology Fund (CTF) $184,630 $170,680 $0 $0

Strategic Climate Fund (SCF) $49,900 $49,900 $0 $0

ESF Statutory Transfer 3/ $29,907 $9,720 $0 $0

Green Climate Fund (GCF) $0 $0 $250,000 $0

Central America and Caribbean Catastrophic Risk Insurance Program $0 $0 $12,500 $0

Global Environment Facility (GEF) $136,563 $168,263 $146,563 $10,000

Infrastructure $0 $0 $20,000 $0

Global Infrastructure Facility (GIF) $0 $0 $20,000 $0

Treasury Office of Technical Assistance $23,500 $23,500 $33,500 $0

TOTAL $2,454,304 $2,313,470 $2,318,521 $160,040

1/ The Consolidated Appropriations Act, 2016 includes IMF quota reform. The reforms will not be funded through Treasury's 150s Account, but rather through emergency funding.

2/ Includes permissive transfer authority from USAID to GAFSP, if such contribution will not cause the United States' contribution to exceed 33 percent of total donor contributions.

3/ Provided by sec. 7060(c)(8) of the Consolidated and Further Continuing Appropriations Act, 2015 and sec. 7060(c)(5) of the Consolidated Appropriations Act, 2016.
Summary

The Treasury Department requests $2.3 

billion for International Programs in 

FY 2017. The request provides a cost 

effective way to provide leadership in 

international development, advance national 

security, and expand export markets for 

American businesses by promoting 

international financial stability and supporting 

key global initiatives such as poverty 

reduction, improved food security, 

infrastructure investments, and climate 

change mitigation and adaptation.

Multilateral Development Banks

Treasury requests $105.3 million for annual 

general capital increase (GCI) commitments 

at the multilateral development banks 

(MDBs). GCI payments for the African 

Development Bank (AfDB) are scheduled to 

continue through FY 2019. GCI payments for 

the North American Development Bank 

(NADB) are scheduled to continue through 

FY 2021. FY 2017 is the first year since 

FY 2012 that funding is not requested for 

scheduled annual installments at the World 

Bank’s International Bank for Reconstruction 

and Development (IBRD) and the InterAmerican Development Bank (IDB), whose 

GCIs conclude during FY 2016. The 

FY 2017 request includes $22 million to clear 

unmet commitments to the IDB and $6 

million to clear unmet commitments to the 

IBRD. The IBRD funding will protect U.S. 

shareholding at the World Bank by avoiding a 

forfeiture of shares by the United States.

The request also includes $1.6 billion to fully 

meet annual replenishment commitments to 

the World Bank’s International Development 

Association (IDA), the African Development 

Fund (AfDF), and the Asian Development 

Fund (AsDF). 

Food Security

The request includes $23 million for the 

Global Agriculture and Food Security 

Program (GAFSP), the multilateral 

component of the President’s Feed the Future 

initiative. In 2012, the United States pledged 

to contribute $1 for every $2 in new 

contributions by other donors up to $475 

million during the pledge period. While U.S. 

leadership of GAFSP has been an important 

component of its success to date, the 

Administration continues to work with other 

donors to increase their contributions and to 

strive for a United States’ share of 

contributions of no more than one-third of 

total contributions since GAFSP’s inception 

in 2010. In addition, the request includes the 

second payment of $30 million towards the 

current replenishment of the International 

Fund for Agricultural Development (IFAD).

Environment and Clean Energy

Treasury’s request fully funds the annual 

installation of the replenishment commitment 

to the Global Environment Facility (GEF) at 

$137 million. Also, the request includes $250 

million toward the U.S. pledge to the Green 

Climate Fund (GCF), providing a total of 

$750 million for the GCF when combined 

with $500 million requested through the 

Department of State. Joining other nations, 

the United States in 2014 pledged $3 billion –

not to exceed 30 percent of total confirmed 

pledges – to the GCF, which has received 

over $10 billion in pledges to support the 

transition of developing countries to a lowemission and climate resilient development 

path. The GCF includes innovative 

mechanisms to help mobilize significant 

private-sector finance and is building on the 

best practices and lessons learned from the 

Climate Investment Funds (CIFs), to which 

the United States has contributed with 

bipartisan support. FY 2017 is the first year 

since the United States made its original 

pledge to the CIFs that funding is not 
requested for the CIFs because the $2 billion 

pledge has been fulfilled.

The request also includes $13 million for the 

Central America and Caribbean Catastrophe 

Risk Insurance Program multi-donor trust 

fund. This is the first time Treasury has 

requested funding for CCRIF. A U.S. 

contribution will help the six countries of 

Central America plus the Dominican Republic 

purchase catastrophe risk insurance coverage 

under the CCRIF Segregated Portfolio 

Company and access technical assistance to 

enhance their disaster risk management 

capacity, improving their resilience to natural 

disasters. 

Infrastructure

Treasury’s request includes $20 million for 

U.S. support to new infrastructure 

investments for the World Bank Global 

Infrastructure Facility (GIF). The GIF aims 

to catalyze private capital for public 

infrastructure projects by addressing 

constraints arising from countries’ legal and 

regulatory regimes, project design and 

implementation, and project and financing 

structures. Participation in this initiative will 

demonstrate a commitment to helping 

developing and emerging markets, bolster 

existing infrastructure financing from the 

MDBs, and reinforce U.S. leadership at the 

World Bank. 

Unmet Commitments

U.S. unmet commitments, which are 

approaching $1.6 billion, erode U.S. 

leadership and influence, pose a threat to 

shaping the policy priorities of the MDBs and 

related funds, and hamper the ability of these 

entities to deliver results. The FY 2017 

request would reduce these unmet 

commitments by $160 million for both GCIs 

and replenishments. In making allocations, 

Treasury has prioritized unmet commitments 

at institutions where contributions will most 

effectively showcase strong U.S. leadership of 

and commitment to the international financial 

architecture. The U.S. endeavors to avoid 

incurring new unmet commitments, but will 

not fully achieve that goal due to new unmet 

commitments to the Multilateral Debt Relief 

Initiative (MDRI).

Specifically, the FY 2017 request allocates 

$93 million for unmet commitments at IDA. 

The approximately $777 million in U.S. 

unmet commitments to IDA severely 

constrain IDA’s overall programming 

capacity. Paying down unmet commitments 

would demonstrate sustained support for this 

global institution, which makes critical 

contributions to fragile states, citizen security 

in Central America, international efforts to 

address disaster responsiveness, and 

infrastructure financing for the world’s 

poorest countries. Additionally, 

demonstrating strong progress towards 

meeting the IDA and IBRD commitments is 

critical for maintaining U.S. leadership in the 

World Bank. 

The FY 2017 request includes $19 million to 

pay down U.S. unmet commitments to the 

AfDF. The nearly $227 million in U.S. unmet 

commitments constrain the AfDF’s capacity 

to make new investments. Paying down some 

of the U.S. unmet commitments would 

increase AfDF assistance, including support 

for Power Africa, as well as the fight against 

extremism and instability on that continent. 

Treasury’s FY 2017 request allocates $9 

million for unmet commitments at the AsDF, 

which is the largest on-budget financier of 

infrastructure and other services in 

Afghanistan. The AsDF also promotes 

energy sector reform in Pakistan, bolsters the 

democratic transition in Burma, and helps 

strategic partners in Central Asia reduce their 

economic dependence on Russia. 
The FY 2017 request includes $10 million for 

unmet GEF commitments, which total $180 

million ($135 million from GEF-2 and $45 

million from GEF-6). These resources will 

further increase the GEF’s ability to fund 

environmental projects that support key U.S. 

priorities, such as the President’s Executive 

Order on Combating Wildlife Trafficking and 

reducing mercury emissions that contaminate 

our food supply. Addressing these unmet 

commitments will help position the United 

States to capture a GEF-6 encashment bonus 

for prompt payment. 

Treasury Office of Technical Assistance

The FY 2017 request includes $33.5 million 

for Treasury’s Office of Technical Assistance 

(OTA), representing a $10 million increase 

over the FY 2016 enacted level. The 

requested increase would be a down payment 

on Secretary Lew’s commitment at the 

Financing for Development conference 

(Ethiopia, July 2015) to double OTA 

assistance by 2020 to support developing 

countries’ domestic resource mobilization and 

sound public financial management. If 

received, this significant and critical funding 

increase will help enable OTA to respond in a 

quick and sustained manner to the growing 

international demand for financial technical 

assistance around the world, thereby 

supporting U.S. national security, foreign 

policy, and economic development priorities, 

including, for instance, supporting the whole 

of government effort to expand U.S. 

engagement in Central America.