Posted on 03/27/2020 7:10:13 AM PDT by Hojczyk
Among the many provisions in the $2.2 trillion coronavirus relief package that appear to have little to do with the immediate crisis at home is a nearly $11 billion pot of money for three international development groups.
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) – which the House of Representatives is expected to vote on Friday – includes the funding for the African Development Fund (ADF), the African Development Bank (AfDB) and the International Development Association (IDA).
The ADF and the AfDB are two related organizations that help fund development and poverty eradication efforts in Africa, whereas the IDA is a subsidiary of the World Bank that gives to poor countries in general. Combined, they will receive more than $10.8 billion under the CARES Act.
This amount includes $7,286,587,008 for the AfDB, $513,900,000 for the ADF and $3,004,200,000 for the IDA.
The funding for these three international organizations was not an 11th-hour addition; it was included in the original Republican version of the coronavirus bill.
(Excerpt) Read more at foxnews.com ...
Now THERE’S a wide-mouth cookie jar... with room for a lot of hands!!
I wonder just how much will actually benefit the intended recipients.
Of course the Bidens’, UN officials and Nan are all salivating
This is just a money pot for the NGOS...witch give a kickback to the democrats...
One of our most skilled politicians, LBJ, always said ‘you have to go along to get along’. He said this right after he said ‘take care of that Henry Marshall fellow’.
DC evil.
How do these people get reelected?
‘’’”I wonder just how much will actually benefit the intended recipients.””””
None of it.
I hope Toyota’s Pick uptruck assembly line is ready for some overtime.
Demonrats.
YUCK. NO.
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