WASHINGTON — The U.S. State Department is expected to take a significant cut in Foreign Military Financing under the Trump administration’s fiscal 2018 budget request, but Congress has quietly introduced legislation that could slow a planned move to switch some funding to a loan program.
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In an op-ed for the Forum on the Arms Trade, Rachel Stohl and Shannon Dick, a pair of analysts with the Stimson Center, warn that under such a regime, countries may be priced out of being able to accept the money, potentially causing them to turn to other, cheaper sources of equipment, including from key competitors.
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