The World Bank Accountability Act (H.R. 3326) would authorize $3.29 billion in U.S. contributions to the World Bank’s International Development Association, which discharges concessional loans known as “credits” and economic grants to the world’s poorest and most underdeveloped countries.
The House passed H.R. 3326 on January 17, 2018 by a vote of 237 to 184 (Roll Call 24). We have assigned pluses to the nays because authorizing such funds to the WTO’s IDA is foreign aid, which is a form of international welfare and completely unconstitutional, and most World Bank “aid” further enriches plutocrats in Third World countries, at the expense of the poor.
