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    Published on Thursday, August 8, 2024 | Updated on Friday, August 9, 2024

    Latam | An Analysis of Environmental Assistance from the United States

    Summary

    This report examines the trends in U.S. development aid, focusing on the share allocated to Latin America and the Caribbean. It also analyzes how resources have been directed towards environmental issues, comparing the approaches of Presidents Trump and Biden.

    Key points

    • Key points:
    • By the end of the 2023 fiscal year, the United States has committed a total of $91 billion in international assistance. According to the OECD, the U.S. is the largest provider of development assistance in gross terms, although Sweden ranks first in terms of the size of its economy.
    • During the Obama presidency, the largest historical flow of U.S. development aid was identified, with an annual average of $102 billion in constant dollars (base year: 2022).
    • In contrast, the Trump administration saw a decline in foreign aid, reaching an annual average of US$81 billion. However, under Biden, aid regained momentum, reaching an annual average of US$90.6 billion.
    • For Latin America and the Caribbean, the region received an average of 3.3% of total aid provided under the Trump administration. In contrast, under the current administration, the region is allocated an annual average of 5.4% of the total disbursed.
    • In terms of assistance related to environmental issues, the average percentage of total U.S. aid allocated to this item during Donald Trump's presidency was 11.3%, while under Biden, this figure has increased to 17%.

    Geographies

    Topics

    Authors

    Marco Lara BBVA Research - Senior Economist

    Documents and files

    Report (PDF)

    2024-08-08-Ayuda-externa-EEUU-LATAM.pdf

    Spanish - August 8, 2024

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