Treasury International Programs 

Program Summary 

Dollars in Thousands

FY 2011 FY 2012 FY 2013 FY 2012 TO FY 2013

 Enacted Enacted Request $ Change % Change

Economic Growth, National Security and Poverty 

Reduction (MDBs) $1,494,591 $1,958,538 $2,096,944 $138,406 7.07%

International Development Association (IDA) $1,232,530 $1,325,000 $1,358,500 $33,500 2.53%

International Bank for Reconstruction and Development 

(IBRD) $0 $117,364 $186,957 $69,593 59.30%

Inter-American Development Bank (IDB and FSO) $0 $75,000 $102,020 $27,020 36.03%

Multilateral Investment Fund (MIF) $24,950 $25,000 $0 ($25,000) -100.00%

Inter-American Investment Corporation (IIC) $20,958 $4,670 $0 ($4,670) -100.00%

Asian Development Bank (AsDB) $106,373 $106,586 $106,799 $213 0.20%

Asian Development Fund (AsDF) $0 $100,000 $115,250 $15,250 15.25%

African Development Bank (AfDB) $0 $32,418 $32,418 $0 0.00%

African Development Fund (AfDF) $109,780 $172,500 $195,000 $22,500 13.04%

Food Security $129,240 $165,000 $164,000 ($1,000) -0.61%

Global Agriculture and Food Security Program (GAFSP) $99,800 $135,000 $134,000 ($1,000) -0.74%

International Fund for Agricultural Development (IFAD) $29,440 $30,000 $30,000 $0 0.00%

World Bank Environmental Trust Funds $324,350 $324,350 $364,400 $40,050 12.35%

Clean Technology Fund (CTF) $184,630 $184,630 $185,000 $370 0.20%

Strategic Climate Funds (SCF) $49,900 $49,900 $50,000 $100 0.20%

Global Environment Facility (GEF) $89,820 $89,820 $129,400 $39,580 44.07%

Debt Relief $49,900 $186,500 $250,000 $63,500 34.05%

Bilateral Debt Reduction/HIPC Trust Fund $33,500 $0 $250,000 $250,000 NA

Multilateral Debt Relief Initiative (MDRI) for IDA15 $0 $91,000 $0 ($91,000) -100.00%

MDRI for IDA16, AfDF12 $0 $83,500 $0 ($83,500) -100.00%

Tropical Forest Conservation Act (TFCA) $16,400 $12,000 $0 ($12,000) -100.00%

Treasury Office of Technical Assistance $25,448 $27,000 $25,448 ($1,552) -5.75%

Office of Technical Assistance (OTA) $25,448 $27,000 $25,448 ($1,552) -5.75%

Total $2,023,529 $2,661,388 $2,900,792 $239,404 9.00%

Summary

Economic Growth, National Security and 

Poverty Reduction: Multilateral Development 

Banks

The FY 2013 request for the multilateral 

development banks (MDBs) is comprised 

almost entirely of annual commitments 

negotiated in previous years. This includes a 

continuation of funding for the General 

Capital Increases (GCIs) at the International 

Bank for Reconstruction and Development 

(IBRD), the Inter-American Development 

Bank (IDB), the Asian Development Bank 

(AsDB), and the African Development Bank 
(AfDB). The only new commitment, for 

IFAD’s replenishment, is a flat line of our 

current contribution level. Meeting these 

commitments will secure our leadership at 

these institutions, enabling them to continue 

their vital roles in boosting economic growth 

in export markets for American businesses 

and strengthening our national security.

Our MDB request includes a first year 

payment of $70 million for the Selective 

Capital Increase (SCI) at the IBRD. Treasury 

requested and obtained authorization to 

subscribe to the SCI in FY 2012. Proceeding

with the first year payment of $70 million will 

enable us to begin to meet our obligations 

under the World Bank’s “voice and vote” 

reform, which was agreed by World Bank 

shareholders in 2010. Meeting this obligation 

is necessary to prevent a drop in U.S.

shareholding below the 15 percent threshold. 

This threshold is critical, as it enables the 

United States to block amendments to the 

World Bank’s Articles of Agreement, which 

govern critical issues such as the role of the 

World Bank President, membership, and the 

role of the Board of Executive Directors. We 

are the only member with this veto power. 

Treasury’s request also includes funding for 

the special MDB facilities that support the 

world’s poorest countries: the International 

Development Association (IDA), housed at 

the World Bank; the Asian Development Fund 

(AsDF), based at the Asian Development 

Bank; and the African Development Fund 

(AfDF), which is part of the African 

Development Bank Group. These facilities 

are the most important sources of financing of 

development needs and priorities in many of 

the world’s most fragile states. 

In addition to the annual commitments for FY 

2013, the request includes funds to pay for 

arrears associated with our general capital 

increase commitment at the AsDB. These 

arrears were generated by the 0.2 percent 

across the board rescission in FY 2011, and 

their payment is necessary to prevent a 

permanent loss of U.S. shareholding. A loss 

would end the U.S. status as a co-equal 

shareholder with Japan and forfeit influence at 

a time when other shareholders have 

expressed interest in purchasing any shares we 

relinquish. 

Food Security

The FY 2013 request includes $134 million 

for a contribution to the Global Agriculture 

and Food Security Program (GAFSP). This 

global fund partners with developing countries 

to enable small farmers to grow more and earn 

more. It is one of the most effective ways of 

working to end global hunger, because it 

rewards developing countries that are 

contributing their own resources and 

demonstrating leadership to improve 

agriculture. To date, the fund has allocated 

nearly $500 million based on a competitive 

application process. Through FY 2012, the 

United States (through funds from the 

Department of Treasury and the Department 

of State) will have contributed $341 million, 

or nearly 72 percent of the U.S. pledge. The 

FY 2013 request will bring the total U.S. 

contribution to the $475 million pledged by 

the United States in 2010.

In addition to GAFSP, the food security 

budget includes $30 million for first year of 

the ninth replenishment of the International 

Fund for Agricultural Development (IFAD), 

the only global development finance 

institution solely dedicated to improving food 

security for the rural poor. The $30 million is 

equivalent to our annual commitment under 

the previous replenishment (which was made 

in 2008).

Environment and Clean Energy

The FY 2013 request includes $364.4 million 

for the Global Environment Facility (GEF), 

the Clean Technology Fund (CTF), and three 
Strategic Climate Funds (SCF): the Pilot 

Program for Climate Resilience (PPCR), the 

Forest Investment Program (FIP) and Program 

for Scaling up Renewable Energy in LowIncome Countries (SREP). FY 2013 funding 

for Treasury’s multilateral environment and 

clean energy programs will directly result in 

action and investments by other countries to 

reduce their pollution, curbing the damage that 

they inflict on our shared spaces, such as the 

atmosphere and the oceans. Such global 

action mitigates threats to our domestic 

environment that increasingly originate 

beyond our borders, enhances our national 

security, and provides opportunities for U.S. 

businesses, particularly in clean energy.

 

Addressing global environmental challenges 

now will significantly reduce what we would 

otherwise have to pay later. By acting now, 

we avoid paying even higher costs in the 

future for natural disasters, instability, and 

conflict emanating from environmental 

degradation. These programs also provide 

access to modern forms of energy, critical for 

helping the world’s poorest countries advance 

out of poverty. Moreover, these programs 

offer cost-effective returns on our 

investments. The U.S. contribution leverages

significant funding from other donors, 

developing country governments, 

development institutions, and the private 

sector. Each U.S. dollar contributed to the 

GEF, CTF, and SCF leverages four to five 

additional dollars from other donors and six to 

10 times that from other funding sources

(including private sector).

Debt Relief 

The FY 2013 budget includes $250 million for 

the debt restructuring account to meet 

potential U.S. bilateral debt relief 

commitments under the Heavily Indebted Poor 

Country (HIPC) framework. Specifically, 

Treasury anticipates that Sudan could become 

eligible and reach HIPC decision point in FY 

2013. The $250 million request reflects the 

estimated budget cost of forgiving 100 percent 

of Sudan's outstanding debt to the United 

States (currently $2.4 billion). Prior to

obligating funds for HIPC treatment of 

Sudan’s debt, the U.S. will require progress on 

various fronts that we have identified as preconditions for any U.S. support for debt relief. 

These pre-conditions include fulfillment of the 

agreement reached by the governments of 

Sudan and South Sudan under the 

Comprehensive Peace Agreement. The 

obligation of funds will also depend on 

Sudan’s ability to meet current legislative 

requirements tied to HIPC debt relief, 

including determinations on human rights and 

state sponsorship of terrorism.

Given the uncertainty of the situation in Sudan 

at the time of this submission, Treasury is also 

requesting transfer authority that would enable 

the Department to repurpose these funds to 

help meet other multilateral assistance 

commitments in the event that Sudan is not 

likely to reach the HIPC decision point by the 

end of FY 2014. 

Although we are not seeking funds for FY 

2013 in support of our Multilateral Debt 

Relief Initiative (MDRI) commitments, we do 

continue to anticipate the need in future years 

for a combination of appropriated funds and 

early encashment credits to meet our 

obligations during the IDA16 and AfDF12 

replenishment periods. 

Technical Assistance 

The FY 2013 request includes $25.4 million 

for Treasury’s Office of Technical Assistance 

(OTA).This is equal to the FY 2012 base 

funding level, but the FY 2013 request does 

not include a request for Overseas 

Contingency Operations (OCO) funding for 

OTA. The FY 2013 request would enable 

OTA to maintain its current footprint of 

technical assistance programs globally. OTA 
helps finance ministries and central banks of 

developing countries strengthen their capacity 

to manage public finances and mobilize 

domestic resources. OTA also helps countries 

develop anti-money laundering regimes and 

fight corruption.

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.