Schaefer analyzes a broad range of foreign policy issues, focusing primarily on international organizations and sub-Saharan Africa. 2463, the “Better Utilization of Investments Leading to Development (BUILD) Act of 2018,” which would consolidate The administrator of the U.S. Agency for International Development (USAID) is designated as the vice-chair of the board, and the four non-government members of the board are to have, in addition to private sector expertise, relevant experience in “the environment, labor organizations, and international development.”One of the three top senior officers specified by the legislation is the chief development officer. According to a Heritage Foundation only 16 percent of active projects (comprising about 7 percent of the dollar value) were directly located (not inclusive of regional projects) in low-income countries as defined by the World Bank.
The administrator of the U.S. Agency for International Development (USAID) … It requires a robust and transparent process for determining the development impact of projects and for tracking, assessing, and reporting that impact. The BUILD Act also outlines the structure of the new entity to enforce this mandate. Roberts' primary responsibility is to produce the Index of Economic Freedom, an influential annual analysis of the economic climate of countries throughout the world.They argue that the Better Utilization of Investments Leading to Development Act, or BUILD Act, would help the United States offset the influence China allegedly buys in Africa though its neomercantilist, trillion-dollar Belt & Road Initiative. Even where there is overlap between Chinese investment and its portfolio, such as in power generation, China focuses primarily on coal and oil power, and OPIC focuses on renewable energy sources.Why would Ross and Coons think the BUILD Act would change this pattern? The Administrator of USAID is vice chair of the board, as has already been noted. This was held under the theme "Conservation Agriculture (CA): Building … The National Building Regulations and Building Standards Act.
- Amended by National Building Regulations & Building Standards Amendment Act 62 of 1989: S 1-2, 6-7, 9, 13-15, 17, 23-24, 28-29 - Amended by Legal Succession to the South African Transport Services Act 9 …
Development finance entities have been slow in adapting to the transparency movement, but the IDFC now has the directive from Congress to publish data and other information on projects and impact.In fact, like the Millennium Challenge Corporation (MCC) upon its creation 15 years ago, and USAID in its reinvention beginning this decade and being carried further by Administrator Mark Green, the IDFC has the opportunity, and is challenged by the legislation, to be an accountable, transparent, impact-focused leader in the development community. Various updates have been made since this time, and these are also available for download. In fact, as of March 2018, OPIC has more active projects in upper-middle-income countries (175) than in low-income countries (94).Moreover, the Overseas Private Investment Corporation’s portfolio shows it is not particularly active in the sectors China has focused on—construction, transportation, mining, oil, and gas. The statutory language does not even mention China, nor require the new U.S. International Development Finance Corporation, which it creates, to counter Chinese influence.This $60 billion new agency—tiny compared to China’s program—would not be required to target Africa with any fixed percentage of loans, focus on sectors of great interest to China, or advance any specific U.S. foreign policy or national security objectives.If Ross and Coons truly want to position American companies to “pour money” into African countries to compete with China (a questionable strategy at best), they will need to work with Congress on further revisions to the BUILD Act to guarantee that outcome to taxpayers.
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It also requires that data be made available on a project-level—a change from country-level in the original draft bill—and that project information be linked to the U.S. government foreign assistance dashboard.Carried over from the statutory authority for OPIC are important provisions respecting worker rights and environmental and social impact.Cooperation with USAID is a priority in the bill. Guide for Architects Concerning Drainage Water and Storm-water Drainage. James M. Roberts is the research fellow in freedom and growth at The Heritage Foundation's Center for International Trade and Economics. The responsibilities of the office includeThe legislation establishes a Development Advisory Council, comprised of up to nine members “broadly representative of nongovernmental organizations, think tanks, advocacy organizations, foundations, and other institutions engaged in international development.” The Council is to advise the board on implementing the development mandate.In addition to an inspector general, IDFC is to have an Independent Accountability Mechanism, established by the board, to “annually evaluate and report…regarding compliance with environmental, social, labor, human rights, and transparency standards.” This is truly innovative and would position the IDFC as the only U.S. government foreign affairs agency with an independent check on its mandate.
The corporation is to give priority to the less-developed countries and is directed to pursue highly developmental projects, particularly in areas that are the most underdeveloped and subject to extreme poverty, fragility, and violence.The BUILD Act establishes a clear and strong development mandate and provides tools for the new IDFC to be a leader in the development finance community. Ivanka Trump, the president's daughter and adviser, listens to remarks by Ray Washburne, president and CEO of the Overseas Private Investment Corporation, during their April 13 appearance at the third CEO Summit of the Americas in Lima, Peru. Join the millions of people who benefit from The Daily Signal’s fair, accurate, trustworthy reporting with direct access to: This is the original legislation published in 1977 that governs all building and construction work in South Africa. (Photo: Ernesto Arias/EFE/Newscom)Brett D. Schaefer is the Jay Kingham fellow in International Regulatory Affairs at The Heritage Foundation.