International Programs

Program Summary by Budget Activity

Dollars in Thousands

Summary

The Administration’s FY 2021 Budget requests $1.59 billion for Treasury Department

International Programs in FY 2021. In recognition of the Administration’s prioritization of

national defense and security as well as a streamlined Federal Government that makes the best 

possible use of taxpayer dollars, the Budget supports critical investments in international 

financial institutions and debt relief, while ensuring that U.S. contributions are set at an 

appropriate level relative to our partner countries. These investments by Treasury’s International 

Programs strengthen U.S. national security, economic growth, and influence by advancing a 

more secure, economically prosperous, and democratic world. In recent years, Treasury has 

driven shareholder support for the implementation of key reforms at the multilateral development 

banks (MDBs) aimed at improving governance, development effectiveness, and financial 

discipline, and Treasury continues to pursue additional major reforms at several of the 

institutions. These include improving monitoring and evaluation, strengthening independent 

compliance functions, adopting mechanisms to improve financial sustainability, and increasing 

the allocation of lending to the world’s poorest countries. 

International Monetary Fund – New Arrangements to Borrow

The Administration requests authorization to extend U.S. participation in the International 

Monetary Fund’s (IMF) New Arrangements to Borrow (NAB) from December 16, 2022, the date 

when the current congressional authorization expires, until December 31, 2025 and to increase

U.S. participation in the NAB from $39 to $78 billion. The terms of the NAB require the IMF to 

approve an extension at least one year prior to its current expiration date of November 16, 2022. 

$ Change % Change

Multilateral Development Banks $1,348,122 $1,522,205 $1,481,244 ($40,961) -2.7%

Int'l Bank for Reconstruction and Development (IBRD) $0 $206,500 $206,500 $0 0.0%

Int'l Development Association (IDA) $1,097,010 $1,097,010 $1,001,400 ($95,610) -8.7%

African Development Fund (AfDF) $171,300 $171,300 $171,300 $0 0.0%

African Development Bank (AfDB) $32,417 $0 $54,649 $54,649 NA

Asian Development Fund (AsDF) $47,395 $47,395 $47,395 $0 0.0%

Food Security $30,000 $30,000 $0 ($30,000) -100.0%

Int'l Fund for Agricultural Development (IFAD) $30,000 $30,000 $0 ($30,000) -100.0%

Environmental Trust Funds $139,575 $139,575 $0 ($139,575) -100.0%

Global Environment Facility (GEF) $139,575 $139,575 $0 ($139,575) -100.0%

Subtotal, Treasury International Programs $1,517,697 $1,691,780 $1,481,244 ($210,536) -12.4%

Office of Technical Assistance (OTA) $30,000 $30,000 $33,000 $3,000 10.0%

Subtotal, Treasury International Programs Appropriations, 

Excluding Debt Restructuring $1,547,697 $1,721,780 $1,514,244 ($207,536) -12.1%

Debt Restructuring and Relief $0 $15,000 $78,000 $63,000 420.0%

Tropical Forest Conservation Act $0 $15,000 $0 ($15,000) -100.0%

Somalia Debt Relief through HIPC $0 $0 $78,000 $78,000 NA

Total, Treasury International Programs Appropriations $1,547,697 $1,736,780 $1,592,244 ($144,536) -8.3%

FY 2021 

President's 

Budget

Note: The 2021 Administration proposal to extend and increase U.S. participation in the IMF’s New Arrangements to Borrow acknowledges that U.S. participation in 

the NAB is an exchange of monetary assets and does not result in budgetary outlays. The request includes the necessary legislative language for this proposal in the 

General Provisions found in the Department of State and Other International Programs chapter of the FY 2021 President’s Budget Appendix.

FY 2020 Enacted to FY 2021 PB

Dollars in Thousands

FY 2019 Enacted FY 2020 Enacted
U.S. participation in the NAB is an exchange of monetary assets and consequently does not 

result in any budgetary outlays. The request includes the necessary legislative language in the 

General Provisions found in the Department of State and Other International Programs chapter of 

the FY 2021 President’s Budget Appendix.

Multilateral Development Banks

The FY 2021 Budget requests $1.48 billion for the MDBs. The MDBs play key roles in the 

effort to increase global economic growth and reduce poverty, which advances U.S. foreign 

policy objectives of sustaining peace and stability, promoting security, and combatting terrorism. 

International Bank for Reconstruction and Development (IBRD): $206.5 million towards the 

second of up to six installments for the IBRD general and selective capital increases. 

International Development Association (IDA): $1,001.4 million in support of IDA programs 

over the nineteenth replenishment (IDA-19; World Bank FY 2021 – FY 2023), including 

towards the first of three installments to IDA-19.

International Finance Corporation (IFC): No funding is requested in FY 2021. The 

Administration requests authorization to vote in favor of resolutions to allow other shareholders 

to contribute additional capital, while preserving U.S. veto power over future capital increases. 

African Development Bank (AfDB): $54.6 million for the first of eight installments to subscribe 

to the United States’ share of the paid-in portion of the seventh general capital increase. 

African Development Fund (AfDF): $171.3 million in support of AfDF programs over the 

fifteenth replenishment period (AfDF-15; AfDB FY 2020 – FY 2022), including towards the first 

of three installments to AfDF-15. 

Asian Development Fund (AsDF): $47.4 million in support of AsDF programs over the eleventh 

replenishment (AsDF-12; FY 2018 – FY 2021), including towards the fourth of four installments 

to AsDF-12.

North American Development Bank (NADB): The FY 2021 Budget requests “program limitation

language” to allow the Secretary of the Treasury to subscribe to the full amount of $1.275 billion 

in callable capital shares that Congress authorized under the United States-Mexico-Canada 

Agreement Implementation Act (USMCA Act). The Budget is not requesting new funding for 

NADB in FY 2021.

Environmental Trust Funds

The FY 2021 Budget requests no funding for environmental trust funds in FY 2021.

Global Environment Facility (GEF): While the GEF remains a priority, no funding is requested 

in FY 2021 since FY 2019 and FY 2020 appropriations place the United States on track to meet 

its pledge of $273.2 million to the GEF seventh replenishment (GEF-7; FY 2019 – FY 2022).
Technical Assistance – Office of Technical Assistance

The FY 2021 Budget requests $33 million for Treasury’s Office of Technical Assistance (OTA). 

This includes $3 million in additional resources to strengthen the program’s monitoring and 

evaluation system in accordance with the Foreign Aid Transparency and Accountability Act. 

Funding will help ensure that OTA is able to respond quickly and sustainably to growing 

demand for technical assistance in areas that are priorities for the United States. Such areas 

include: supporting our national security agenda by combating terrorist financing and financial 

crimes, reducing countries’ dependence on foreign financial aid through improved domestic 

resource mobilization, and creating the conditions for private sector-led economic growth. This 

consists of improving the climate for private sector investment in infrastructure projects in 

developing and transitional countries.

Debt Restructuring – Heavily Indebted Poor Countries (HIPC) Initiative

The FY 2021 Budget requests $78 million for bilateral debt restructuring and relief in support of 

the HIPC Initiative.

Somalia Debt Relief through Heavily Indebted Poor Countries (HIPC) Initiative: $78 million to 

support U.S. bilateral debt restructuring and relief for Somalia as part of the HIPC Initiative.