Posts Tagged: Foreign Affairs

The military captures almost one-half of the entire federal discretionary budget--money for everything the government does from the FBI to Head Start, excluding only mandatory spending, primarily interest on the national debt and entitlements like Social Security and Medicare.

Multilateral Debt

For most of the world’s poorest countries, multilateral debt looms larger than other debts because of the IFIs’ status as "preferred creditors," as providers of core development and balance-of-payment loans.