FEDERALhearing transcript

Senate Hearing on Private Sector Roles in International Development

Original title: INTERNATIONAL DEVELOPMENT: VALUE ADDED THROUGH PRIVATE SECTOR ENGAGEMENT

January 1, 2020

foreign aid economic development private sector international trade foreign policy

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The Frame

What this does

This hearing informs potential future legislative reforms to U.S. foreign aid policies and budget allocations by exploring how private sector engagement can supplement or replace traditional government-funded development programs.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Taxpayers

The committee is reviewing how taxpayer-funded foreign aid is spent and whether private sector partnerships can improve efficiency.

Developing Nations

These countries are the primary targets for the foreign aid and private investment strategies discussed in the hearing.

Private Corporations

Companies seeking to expand into emerging markets are exploring potential partnerships with the U.S. government to facilitate trade and investment.

What changed

Last recorded activity January 1, 2020.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Foreign Relations held a hearing to discuss how private businesses can partner with the U.S. government to promote economic growth in developing nations. The discussion focused on leveraging private investment to increase the efficiency of foreign aid and reduce long-term reliance on government assistance.

Key Facts

The U.S. federal budget allocates approximately 1 percent of total spending to diplomacy and foreign assistance.
The OECD estimates that full implementation of the World Trade Organization facilitation agreement could reduce global trade costs by up to 15 percent.
The hearing was held on May 4, 2017, in the Dirksen Senate Office Building.
The administration is currently conducting a comprehensive review of foreign aid policies and budgets.
The committee heard testimony from representatives of Mastercard, Coca-Cola, and Starbucks regarding private sector engagement in developing markets.
The hearing explored the intersection of private sector investment goals and public sector development objectives.

Why It Matters

Frequently Asked Questions

What is the purpose of this hearing?

To examine how private companies and the U.S. government can work together to foster economic growth in developing countries, potentially making foreign aid more efficient.

Who testified at the hearing?

Representatives from Mastercard, Coca-Cola, Starbucks, and the Modernizing Foreign Assistance Network provided testimony.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Shift toward private-sector-led development

The hearing highlights a strategic pivot in 2017 toward integrating private sector investment as a primary tool for foreign development rather than relying solely on government aid.

Senate Committee on Foreign Relations Mastercard Incorporated The Coca-Cola Company Starbucks Coffee Company

Connected Entities

organizationMastercard Incorporated“Represented by Walt M. Macnee”Map →

organizationThe Coca-Cola Company“Represented by Michael Goltzman”Map →

personBob Corker“Chairman of the Senate Committee on Foreign Relations”Map →

organizationStarbucks Coffee Company“Represented by Kelly Goodejohn”Map →

organizationLand O'Lakes, Inc.“Submitted statement for the record”Map →

organizationSave the Children Action Network“Submitted statement for the record”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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