President Obama sent his FY13 budget proposal to Congress Monday. The proposal included funding for Feed the Future, from partner agencies such as the U.S. departments of State and Treasury. Continue reading for a roundup of remarks and details on the proposal from Feed the Future partner agencies. You can also track U.S. Government foreign assistance funds on the new foreign assistance dashboard.
U.S. Department of State and USAID
Deputy Secretary of State Thomas Nides and USAID Administrator Rajiv Shah discussed the FY13 State Department and USAID budget Monday.
The President’s FY13 budget for the Department of State and USAID strengthens U.S. national security, advances America’s economic interests, and elevates America’s global leadership through diplomacy and development. It supports U.S. businesses, protects Americans at home and abroad, and stops the proliferation of weapons of mass destruction. It supports our allies and partners, prevents conflict, promotes democracy, and reflects our core values.
Making up just 1 percent of the U.S. Government’s overall budget, the Department of State/USAID budget totals $51.6 billion. The request provides the most cost-efficient way to ensure diplomats and development experts have the resources necessary to address complex threats to our national security and promote our economic renewal.
$1.0 billion for the global hunger and food security initiative, Feed the Future, to reduce poverty, hunger, and under-nutrition through sustainable investments in agriculture-focused economic growth. Together with the Department of Treasury’s contribution to the Global Agriculture and Food Security Program, this funding will enable the United States to reach millions of beneficiaries. The request supports implementing country-owned strategies that integrate the efforts of smallholder farmers, the private sector, governments, and civil society and provides them with the tools to achieve sustainable results.
Millennium Challenge Corporation
U.S. President Barack Obama’s FY13 budget proposal included $898.2 million for the Millennium Challenge Corporation (MCC) to continue its mission to reduce poverty through economic growth. This figure represents level-funding for MCC from the amount provided by Congress in FY12.
The budget request for FY13 is expected to support funding for new compacts with Ghana, Benin and El Salvador and new Threshold Programs, smaller, policy reform-focused agreements that help countries become compact eligible, with Nepal and Honduras.
U.S. Department of the Treasury
On Monday, Treasury Secretary Tim Geithner highlighted key components of the Treasury Department’s FY13 budget that will help support the Obama Administration’s comprehensive efforts to strengthen economic growth, create new jobs, and make government more efficient.
The FY13 request also includes funding to address complex global challenges, with $134 million for the Global Agriculture and Food Security Program as well as funding of $25.4 million for Treasury’s Office of Technical Assistance.
More from Feed the Future partner agencies