Sat. Jul 13th, 2024
FY 2025 Budget: Deliver Solutions for Shared Global Challenges

The United States is committed to addressing global challenges and crises to build a secure, open, connected, and prosperous world that delivers on the issues that matter most to the livelihoods and security of the American people. The President’s FY 2025 Budget Request allows the Department of State and the U.S. Agency for International Development (USAID) to work with our allies and partners to deliver solutions for shared global challenges and collaborate to promote economic prosperity, address global food insecurity, take ambitious action on the climate crisis, empower local leaders and communities, uphold democratic values and human rights, and strengthen health systems.

Within the President’s FY 2025 budget, we have requested:

  • $1.2 billion to support the ongoing U.S. government response to the global food security crisis, including $100 million for the Vision for Adapted Crops and Soils. Resources will support inclusive and sustainable agricultural-led economic growth, the deployment of enhanced agricultural practices, promote a more resilient agricultural sector, and integrating nutrition-sensitive approaches supporting a well-nourished population.
  • $169.4 million to counter the production and trafficking of fentanyl and other synthetics that endanger public health and safety and contribute to tens of thousands of drug-overdose deaths in the United States annually.
  • $3.0 billion for strategic climate investments at State and USAID that support bilateral, plurilateral, and global programs and initiatives to reduce emissions and address critical climate threats, enhance U.S. national and economic security, and promote human health and economic growth.
  • $500.0 million in mandatory FY 2025 funding for the Green Climate Fund (GCF), as part of a four-year, mandatory proposal to provide $3 billion to the GCF. Paired with GCF reforms, this funding will unlock private capital that will enhance energy security by diversifying energy sources, help countries to reduce their emissions, enable the most vulnerable to adapt to climate change, and strengthen the resilience of their economies and critical infrastructure.
  • $1.0 billion for loan guarantee and grants at the International Bank for Reconstruction and Development that will unlock $36 billion in new World Bank lending, addressing global challenges and providing an alternative to coercive and non-transparent PRC lending.
  • $250.0 million for the Partnership for Global Investment and Infrastructure (PGI) Fund, specifically aimed at addressing emerging infrastructure priorities across PGI priorities. Such foreign assistance seeks to prepare and mature projects for investments in critical infrastructure efforts – those that are at the intersection of U.S. direct interest and vulnerable to problematic influence by strategic competitors.
  • $9.8 billion to Global Health Programs, including more than $900 million for global health security, including $250 million for the Pandemic Fund, and support for strengthening health systems and lifesaving global health programs.
  • $3.0 billion for Democracy, Human Rights, and Governance programming – including $345 million for the Presidential Initiative for Democratic Renewal and meeting Summit for Democracy deliverables – to advance inclusive democratic governance, including efforts to strengthen free and independent media and civil society, counter corruption, bolster democratic reforms, advance technology for democracy, promote human rights and justice, and defend free and fair elections and political processes. Total includes foreign assistance and National Endowment for Democracy.
  • $500.0 million to expand State and USAID’s investment in new and ongoing global cyber and digital development initiatives to promote the expansion of open, inclusive, and secure technological ecosystems in partner countries and help secure U.S. competitiveness and equitable development in the digital age.
  • $10.3 billion to deliver lifesaving humanitarian assistance to millions of people who have been impacted or displaced by conflicts like those in Ukraine, Gaza, and Sudan. It will also enable State and USAID to address the human suffering and displacement that have been compounded by multi-season droughts and climate induced disasters, worsening malnutrition, and food insecurity worldwide. These funds will be used to assist more than 330 million people globally who face acute food insecurity.

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originally published at Politics - JISIP NEWS