IFI Working Group Info Brief: Key IFI Appropriations Accounts

IFI Working Group Info Brief:

Key IFI Appropriations Accounts

International financial institutions (IFIs) or multilateral development banks (MDBs), so-called because they are funded by multiple countries and partners, provide financial assistance to developing countries to promote economic and social development. Congressional support is critical to U.S. financing for the MDBs: under U.S. law, Congress must enact legislation that allocates funding before the U.S. government is able to contribute. Congress also plays an oversight role in U.S. relationships with MDBs.

International Development Association
Part of the World Bank Group, the International Development Association (IDA) makes grants as well as loans on concessional terms (an interest rate of zero or a very low rate well below market rates) to the world’s 74 poorest countries. Overseen by 173 shareholder nations, IDA seeks to boost economic growth, reduce inequalities, and improve people’s living conditions. For shareholders that contribute financially, including the United States, IDA is an efficient channel for directing development assistance to the poorest countries. Because contributions to IDA are pooled with repayments from former and current IDA recipients, IDA is able to provide a substantial and stable source of funding that countries can rely on to help fund their development priorities.

U.S. pledge to IDA-20 (2022-2025): $3.5 billion

IDA Appropriations

IDA Appropriations

FY18, $1.1 billion

FY19, $1.1 billion

FY20, $1.1 billion

FY21, $1.0 billion

FY22, $1.0 billion

FY23, $1.43 billion

FY24 request, $1.479 billion

African Development Fund

The African Development Fund (AfDF), part of the African Development Bank Group, supports its 38 regional member countries in their efforts to reduce poverty by spurring sustainable economic development and social progress. The AfDF provides grants as well as loans at highly concessional rates. AfDF-eligible countries include those that are on their way to becoming new emerging markets, as well as those that remain fragile and need special assistance to deliver basic services to their populations. 

U.S. pledge to AfDF-16 (2023-2025): $591 million

AfDF Appropriations

FY18, $171.3 million

FY19, $171.3 million

FY20, $171.3 million

FY21, $171.3 million

FY22, $211.3 million

FY23,$171.3 million

FY24 request, $224 million

Asian Development Fund

The Asian Development Fund (AsDF) provides grants to the Asian Development Bank’s 15 lower-income member countries to reduce poverty reduction and improve people’s quality of life. The grants support development projects and programs, including infrastructure, policy support and reform, production capacity, human development, environmentally sustainable investments, good governance, capacity building, and regional cooperation. Member countries of AsDF are eligible for grants if they have lower incomes, are considered to have a moderate or high risk of debt distress, and/or are small island economies. 

U.S. pledge to AsDF-13 (2021-2024): $174.4 million

AsDF Appropriations

FY18, $47.4 million

FY19, $47.4 million

FY20, $47.4 million

FY21, $47.4 million

FY22, $53.3 million

FY23, $43.6 million

FY24 request,$107.2 million

International Fund for Agricultural Development

In partnership with national governments, the International Fund for Agricultural Development (IFAD) provides more than $1 billion in loans and grants annually to support programs and projects in rural areas. These programs enable and equip people to grow more food, improve their nutrition, better manage their natural resources, learn new skills, start small businesses, build strong community-centered organizations, and gain a voice in decisions that affect their lives. All IFAD projects are country-led and country-owned. Projects are designed in consultation with smallholder farmers and other residents of rural areas with a strong focus on the inclusion of marginalized groups. 

U.S. pledge to IFAD-12 (2022-2024): $129 million

IFAD Appropriations

FY18, $30 million

FY19, $30 million

FY20, $30 million

FY21, $32.5 million

FY22, $43 million

FY23, $43 million

FY24 request, $81.8 million

Other IFI Accounts

[Listed in Handout]

This fact sheet is provided by the International Financial Institutions Working Group, a coalition of organizations committed to promoting effective US leadership in multilateral development institutions.