Create a rapid response fund for emerging democracies
"Barack Obama and Joe Biden will introduce a new Rapid Response Fund – a seed fund that will provide a shot of adrenaline to young democracies and post-conflict societies, through foreign aid, debt relief, technical assistance and investment packages that show the people of newly hopeful countries that democracy and peace deliver, and the United States stands by them."
Sources: "Strengthening Our Common Security by Investing in Our Common Humanity"
Subjects: Foreign Policy, Human Rights
Appropriations act created emerging democracies fund
Updated: Tuesday, December 29th, 2009 | By Louis Jacobson
During the presidential campaign, Barack Obama said that he would "introduce a new Rapid Response Fund" under the Agency for International Development. Obama described it as "a seed fund that will provide a shot of adrenaline to young democracies and post-conflict societies, through foreign aid, debt relief, technical assistance and investment packages that show the people of newly hopeful countries that democracy and peace deliver, and the United States stands by them."
The administration asked for $76 million for this fund in its budget proposal, plus another $40 million for a "stabilization bridge fund" to provide "immediate infusions into critical transition and stabilization programs and lessen the need for long-term deployments of military forces or peacekeepers." The total request for the two programs was $116 million.
When the president signed an omnibus appropriations bill in December that included funding for the State Department and for foreign operations, it included a combined $120 million for these two purposes, slightly more than the administration asked for.
While the money hasn't been spent yet, the promise referred to the establishment of a fund. Providing full funding for that purpose seems to us to qualify this as a Promise Kept.
Sources:
State Department, "
President Obama"s FY 2010 International Affairs Budget Proposal
," May 8, 2009
Text
of the State and Foreign Operations provisions of the Consolidated Appropriations Act of 2010
We want to hear your suggestions and comments.
For tips or comments on our Obameter and our GOP-Pledge-O-Meter promise databases, please e-mail the Obameter. If you are commenting on a specific promise, please include the wording of the promise.
For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.Keep up to date with Politifact:
- Sign up for our e-mail (about once a week)
- Put a free PolitiFact widget on your blog or Web page
- Subscribe to our RSS feeds on Truth-O-Meter items
- Subscribe to our RSS feeds on GOP Pledge-O-Meter items
- Subscribe to our RSS feeds on Obameter items
- Follow us on Twitter
- Fan us on Facebook
- Advertise on PolitiFact
- Shop the PolitiFact store for T-shirts, hats and other PolitiFact swag



