Deterring Threats to the International Financial System: Today’s open and global financial system also exposes us to global financial threats. Just as we work to make the most of the opportunities that globalization brings, the actors that pose a threat to our national security—terrorists, proliferators, narcotics traffickers, corrupt officials, and others—are abusing the global financial system to raise, move, and safeguard funds that support their illicit activities or from which they derive profit. Their support networks have global reach and are not contained by national borders. Our strategy to attack these networks must respond in kind and target their illicit resources and access to the global financial system through financial measures, administration and enforcement of regulatory authorities, outreach to the private sector and our foreign partners, and collaboration on international standards and information sharing.
Accelerate Sustainable Development
The growth of emerging economies in recent decades has lifted people out of poverty and forged a more interconnected and vibrant global economy. But development has been uneven, progress is fragile, and too many of the world’s people still live without the benefits that development affords. While some countries are growing, many lag behind—mired in insecurity, constrained by poor governance, or overly dependent upon commodity prices. But sustained economic progress requires faster, sustainable, and more inclusive development. That is why we are pursuing a range of specific initiatives in areas such as food security and global health that will be essential to the future security and prosperity of nations and peoples around the globe.
Increase Investments in Development: The United States has an interest in working with our allies to help the world’s poorest countries grow into productive and prosperous economies governed by capable, democratic, and accountable state institutions. We will ensure a greater and more deliberate focus on a global development agenda across the United States Government, from policy analysis through policy implementation. We are increasing our foreign assistance, expanding our investments in effective multilateral development institutions, and leveraging the engagement of others to share the burden.
Invest in the Foundations of Long-Term Development: The United States will initiate long-term investments that recognize and reward governments that demonstrate the capacity and political will to pursue sustainable development strategies and ensure that all policy instruments at our disposal are harnessed to these ends. And we will provide our support in multiple ways—by strengthening the ability of governments and communities to manage development challenges and investing in strong institutions that foster the democratic accountability that helps sustain development. This will expand the circle of nations—particularly in Africa—who are capable of reaping the benefits of the global economy, while contributing to global security and prosperity.