ABA President Argues for Stronger Rule of Law Foundation for BUILD Act

Photo credit: The Hill
Writing in The Hill, the president of the American Bar Association, Hilarie Bass, recently argued for a stronger rule of law foundation in the “Better Utilization of Investments Leading to Development Act of 2018,” or “BUILD Act,” introduced in the Congress in late February. The Act, which has bipartisan support, would establish a new U.S. International Development Finance Corporation (DFC) to increase federal financing to "unleash private sector investment in support of sustainable economic growth in the developing world."

The DFC has "fans among development advocates and the private sector alike," argues Ms. Bass, but, "its success will depend in part on the extent to which DFC financial support is tied to good governance and progress on rule of law in countries benefiting from the program." Read how this good idea can be made even better through thoughtful governance standards and targeted investments in the rule of law.