Tag: inter-american development bank general capital increase
Rubio is backing the “Inter-American Development Bank General Capital Increase Act” from U.S. Sen. Bob Menendez, D-NJ. The proposal would increase American funds for the IDB by $20 billion. The IDB is run by almost 50 counties, including the U.S., and is the largest source of support for Latin American and Caribbean economic development. Other backers of the bill include U.S. Sens. Ben Cardin, D-Mary., Bill Cassidy, R-La., and Tim Kaine, D-Va.