Treasury International Programs 

Program Summary 

(Dollars in Thousands) 

 FY 2010 FY 2011 FY 2012 

 Enacted 

Annualized 

CR Level 

President's 

Budget 

Increase/ 

Decrease 

Percent 

Change 

Poverty Reduction and Economic Growth (MDBs) $1,552,170 $1,552,170 $2,072,564 $520,394 33.5% 

International Development Association (IDA) 1,262,500 1,262,500 1,358,500 96,000 7.6% 

Int'l Bank for Reconstruction and Development (IBRD) 117,364 117,364 

Inter-American Development Bank (IDB and FSO) 102,018 102,018 

Multilateral Investment Fund (MIF) 25,000 25,000 25,000 0 0.0% 

Inter-American Investment Corporation (IIC) 4,670 4,670 20,429 15,759 337.4% 

Asian Development Bank (AsDB) 106,586 106,586 

Asian Development Fund (AsDF) 105,000 105,000 115,250 10,250 9.8% 

African Development Bank (AfDB) 32,418 32,418 

African Development Fund (AfDF) 155,000 155,000 195,000 40,000 25.8% 

European Bank for Reconstruction & Development (EBRD) 0 0 

Food Security $30,000 $30,000 $338,000 $308,000 1026.7% 

Global Agriculture and Food Security Program (GAFSP)* 308,000 308,000 

Int'l Fund for Agricultural Development (IFAD) 30,000 30,000 30,000 0 0.0% 

Combating Climate Change and Environmental Degradation $481,500 $481,500 $748,750 $267,250 55.5% 

Clean Technology Fund (CTF) 300,000 300,000 400,000 100,000 33.3% 

Strategic Climate Funds (SCF) 75,000 75,000 190,000 115,000 153.3% 

 Pilot Program for Climate Resilience (PPRC) 40,000 40,000 

 Forest Investment Program (FIP) 130,000 130,000 

 Scaling-Up Renewable Energy Program (SREP) 20,000 20,000 

Global Environment Facility (GEF) 86,500 86,500 143,750 57,250 66.2% 

Tropical Forest Conservation Act (TFCA) 20,000 20,000 15,000 (5,000) -25.0% 

Debt Relief $40,000 $40,000 $174,500 $134,500 336.3% 

Bilateral Debt Reduction/HIPC Trust Fund 40,000 40,000 0 (40,000) -100.0% 

Multilateral Debt Relief Initiative (MDRI) for IDA15** 91,000 91,000 

MDRI for IDA16, AfDF12*** 83,500 83,500 

Treasury Office of Technical Assistance $25,000 $25,000 $30,120 $5,120 20.5% 

Total $2,128,670 $2,128,670 $3,363,934 $1,235,264 58.0% 

* In FY 2010, the U.S. Agency for International Development transferred $66.6 million in Development Assistance funds to Treasury for payment to the Global 

Agriculture and Food Security Fund. 

** This funding will both meet the U.S.'s remaining commitment to MDRI under IDA15 and cancel IDA15 arrears, assuming full funding of IDA's FY2011 request. 

*** $76 million is for the FY 2012 IDA16 MDRI commitment and $7.5 million is for the FY 2012 AfDF MDRI commitment. 

Summary 

 

International Development Association (IDA) 

The FY 2012 request includes $1,358.5 

million for the first of three annual payments 

to the sixteenth replenishment of IDA 

(IDA16). IDA is a facility within the World 

Bank Group that makes grants and highly 

concessional or “soft” loans to the world’s 79 

poorest countries, and is the centerpiece of 

U.S. multilateral development assistance. 

IDA is the single largest source of 

development finance globally across a range 

of sectors, addressing primary education, basic 

health services, clean water and sanitation, 

environmental safeguards, business climate 

improvements, infra-structure and institutional 

reforms. 
International Bank for Reconstruction and 

Development (IBRD) 

The FY 2012 request includes $117.4 million 

for the first of five installments of the United 

States capital subscription to the IBRD 

General Capital Increase (GCI). IBRD is a 

facility within the World Bank Group that 

makes non-concessional or “hard” loans to 

primarily middle-income countries and as well 

as some creditworthy low-income countries. 

The IBRD focuses on supporting poverty 

reduction, economic development and global 

public goods, including climate change and 

food security. The Bank plans to continue 

strong increases in lending to support 

renewable energy and energy efficiency 

projects as well as agriculture and food 

production. The Bank also serves as the 

premier center for research and knowledge on 

development, helping to promote lessons 

learned and identify innovations that can even 

more significantly leverage the Bank’s 

resources to combat poverty. 

Inter-American Development Bank (IDB) 

The FY2012 request includes $102.0 million 

for the first of five installments for the IDB’s 

ninth GCI. The Inter-American Development 

Bank makes “hard” or non-concessional loans 

to middle-income governments, some 

creditworthy low-income countries, and 

private sector firms in Latin America and the 

Caribbean. Established in 1959, the IDB is 

the largest source of development financing in 

the region, providing 26 borrowing member 

countries close to 50 percent of their 

multilateral financing. 

Multilateral Investment Fund (MIF) 

The FY 2012 request includes $25.0 million 

for the sixth installment payment of the first 

replenishment of the MIF. The MIF is a 

facility within the IDB Group, focusing on 

private sector development in the Western 

Hemisphere. The MIF promotes micro and 

small enterprise growth in Latin America and 

works directly with private sector and public 

sector partners to strengthen the environment 

for business, build the capabilities and skills 

of the workforce and broaden the economic 

participation of smaller enterprises. 

Inter-American Investment Corporation (IIC) 

The FY 2012 request includes $20.4 million to 

clear remaining U.S. arrears to the InterAmerican Investment Corporation. The IIC, a 

facility of the IDB Group was established to 

promote private small and medium-sized 

enterprises (SMEs) in Latin America and the 

Caribbean by offering a combination of direct 

loans and equity investments in individual 

companies, lending through private local 

banks, and participation in regional equity 

funds. 

Asian Development Bank (AsDB) 

The FY 2012 request includes $106.6 million 

for the second of five capital contributions for 

the fifth General Capital Increase. The Asian 

Development Bank is the “hard” or nonconcessional window that makes loans to 

middle-income countries and creditworthy 

low income countries in Asia. The United 

States has been a leading shareholder of the 

Asian Development Bank since it was 

established in 1966. The AsDB’s comparative 

advantage is infrastructure finance in such 

core sectors as energy, transport, and water – 

typically these sectors will comprise 80 

percent or more of AsDB operations in a 

given year. 

Asian Development Fund (AsDF) 

The FY 2012 request includes $115.3 million 

for the third installment of a four-year 

commitment under the agreement of the ninth 

replenishment of the Asian Development 

Fund. As the Asian Development Bank’s 

“soft” or concessional window, the AsDF is a 

critical provider of donor resources to some of 

the poorest countries in Asia. These resources 

finance policy support and policy reform, 
production capacity, human development, 

environmentally sustainable investments, 

good governance and capacity building for 

development management, and regional 

cooperation. Additionally, the AsDF places an 

emphasis on infrastructure finance, and the 

U.S. has been immensely successful in 

directing the AsDF’s resources towards U.S. 

priority countries, including Afghanistan and 

Pakistan. 

African Development Bank (AfDB) 

The FY 2012 request includes $32.4 million 

for the first of eight installments for the 

AfDB’s sixth GCI. The African Development 

Bank is the non-concessional or “hard” 

window that makes public sector loans to the 

15 middle-income countries in Africa, and 

private sector loans to both middle- and lowincome countries. Through its support to 

Africa’s middle-income countries, the AfDB 

is helping to create a new generation of 

markets for U.S. businesses and workers, 

enhancing the region’s capacity to grow 

without reliance on donor aid. 

African Development Fund (AfDF) 

The FY 2012 request includes $195.0 million 

for the first of three annual payments to the 

twelfth replenishment of the AfDf (AfDF-12). 

The African Development Fund is a facility 

within the African Development Bank Group 

that works with the 40 poorest countries in 

Africa, offering grants and highly 

concessional or “soft” loans. The AfDF has a 

strong strategic focus on infrastructure, 

economic governance, and regional 

integration. The AfDF is particularly active in 

the infrastructure sector, a key challenge to 

economic growth on the continent. 

European Bank for Reconstruction and 

Development (EBRD) 

For FY 2012, the Administration does not 

have an appropriations request for the EBRD. 

The EBRD makes “hard” or non-concessional 

loans and equity investments in primarily 

private sector firms in developing countries, as 

well as governments of developing countries 

in the region. 

The Global Agriculture and Food Security 

Program (GAFSP) 

The FY 2012 request includes $308.0 million 

for the Global Agriculture and Food Security 

Program. As part of the Administration’s food 

security initiative, the U.S. Department of the 

Treasury has worked with our partners in the 

G-8 and G-20 to establish the GAFSP. 

GAFSP is a multilateral fund to increase 

investments in agriculture and food security in 

poor countries by leveraging U.S. resources. 

This fund, launched on April 22, 2010 by 

Secretary Geithner, provides an opportunity to 

forge a global response among G20 members 

and non-G20 countries as well as private 

sector and civil society organizations. 

International Fund for Agricultural 

Development (IFAD) 

The FY 2012 request includes $30.0 million 

for the third of three payments to the eighth 

replenishment of the International Fund for 

Agricultural Development. IFAD, a 

specialized facility of the United Nations, is 

the only multilateral development institution 

focused exclusively on reducing poverty and 

improving food security in the rural areas of 

developing countries. Through low-interest 

loans and grants, IFAD develops and finances 

projects that help smallholder farmers increase 

agricultural productivity and incomes, 

improve nutritional levels, and access larger 

markets. 

Clean Technology Fund (CTF) 

The FY 2012 request includes $400.0 million 

for the CTF. The CTF is one of two 

multilateral Climate Investment Funds (CIF). 

The CTF aims to reduce global emissions 

growth and combat climate change by helping 

to close the price gap in developing countries 
between commercially available clean 

technologies and dirtier conventional 

alternatives in the power sector, the transport 

sector, and in energy efficiency. The CTF 

focuses on spurring large-scale clean energy 

investments in middle income developing 

countries with rapidly growing levels of 

greenhouse gas pollution. 

Strategic Climate Fund (SCF) 

The FY 2012 request includes $190.0 million 

for the SCF. The SCF, the other facility of the 

multilateral Climate Investment Funds (CIF), 

supports three targeted programs to pilot new 

approaches and scaled-up activities to address 

climate change challenges in developing 

countries, while promoting low-carbon, 

climate resilient economic growth. The three 

programs are the Pilot Program for Climate 

Resilience (PPRC), the Forest Investment 

Program (FIP) and the Program for ScalingUp Renewable Energy in Low Income 

Countries (SREP). 

Global Environment Facility (GEF) 

The FY 2012 request includes $143.8 million 

for the GEF, a multilateral fund that provides 

incremental finance—mostly grants—for 

projects that improve the global environment, 

such as reducing greenhouse gas pollution and 

conserving biodiversity. The GEF supports 

capacity building and innovative and costeffective investments whose design and 

environmental benefits can be duplicated (and 

financed) elsewhere. 

Tropical Forest Conservation Act 

The FY 2012 request of $15 million will be 

used to support Treasury implementation of 

the Tropical Forest Conservation Act which 

authorizes debt relief for low and middle 

income countries to support conservation of 

tropical forests. Under the program, treated 

debt is reduced and “redirected” to provide for 

grants to local nongovernmental organizations 

and other entities engaged in forest 

conservation in the beneficiary country. The 

United States uses appropriated funds to pay 

for the budget cost of this debt reduction and 

redirection. 

Multilateral Debt Relief Initiative 

The FY 2012 request includes $91.0 million 

for the remaining U.S. commitment to MDRI 

under IDA15 and $83.5 million for payment 

toward the U.S. commitment to MDRI in the 

IDA16 and AfDF12 periods. Building upon 

the Heavily Indebted Poor Countries (HIPC) 

Initiative, the Multilateral Debt Relief 

Initiative (MDRI) provides 100 percent 

cancellation of remaining eligible debts owed 

to the World Bank’s International 

Development Association (IDA), the African 

Development Bank’s African Development 

Fund (AfDF), and the International Monetary 

Fund (IMF) for countries that complete the 

HIPC initiative. 

Treasury Technical Assistance 

The FY 2012 request of $30.1 million for the 

Department of Treasury’s International 

Affairs Technical Assistance Program 

provides highly experienced financial advisors 

to reform-minded developing countries, 

transitional economies, and nations recovering 

from conflict. Through the Office of 

Technical Assistance (OTA), Treasury 

advisors work side-by-side with government 

officials in finance ministries and central 

banks in more than fifty countries to 

strengthen their capacity to manage public 

finances – through efficient revenue 

collection, well-planned and executed 

budgets, judicious debt management, 

fundamentally sound banking systems, and 

strong controls to combat corruption and 

economic crimes. 

Description of Performance 

 

Strengthening transparency and ensuring 

accountability are critical objectives of the 
United States’ continued support for the 

MDBs and other International Programs, and 

Treasury is tightly focused on these criteria. 

That is why Treasury actively seeks clear and 

consistent accountability standards and 

measures, and promotes policies that direct 

funds to what has been proven to work and 

away from what cannot be measured. 

Performance, transparency, monitoring and 

results are at the heart of all of these efforts. 

As a result of U.S. leadership in these areas, 

the MDBs have adopted expansive disclosure 

requirements, stronger auditing functions, 

better internal controls and are at the leading 

edge of impact evaluations and performancedriven investment. Treasury has also 

succeeded in fostering cutting-edge systems 

for measuring, monitoring, and incorporating 

development results in MDB operations, and 

persuading the MDBs to adopt mechanisms 

under which donor funds are distributed on the 

basis of performance. In this way, the MDBs 

provide strong incentives to recipient 

countries to fulfill their obligations, greatly 

improving prospects for success and 

strengthening economic growth and 

development. 

Treasury also pursues these same standards in 

the Technical Assistance programs, and across 

the other important International Programs 

managed by the Department.