Washington, DC – In an attempt to ensure that international development support and work remain unhindered, outgoing U.S. President Joseph R. Biden has begun giving out billions of dollars.Â
Biden leaves office in January 2024 when President-elect Donald J. Trump takes office.
Fearing that when Trump assumes office, he may wield a machete to international development funds through his ‘America First agenda’, Biden pledged $4 billion toward the World Bank’s International Development Association for the ‘world’s poorest countries’ during a closed-door meeting at the G20 in Rio de Janeiro on Monday, November 18, 2024.
Jon Finer, the White House’s national security advisor told reporters Monday morning that President Biden will ‘highlight his funding request to unlock $36 billion in new lending at the World Bank’ during his time at the summit.
Sources say the president is committing money where his mouth is ahead of Trump’s January 20th takeover – funding areas like international development and the prevention of climate change.
While President Biden promises may not precisely be Trump-proof, especially considering that the Republican party controls both the U.S. Senate and the House of Representatives, President Biden believes committing billions of dollars for the World Bank to use to pull people out of poverty is the right thing to do.
