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So one would assume this money would be forthcoming in the form of grants to developing countries.
Mr. O'Neill said he wanted the United States to issue more grants to developing nations, and fewer loans that the countries have little hope of repaying.
In January all Mercosur countries except Paraguay lose the preferential access the EU grants to developing countries, since they are now deemed too rich to need it.
Since Blatter took office, FIFA has channelled tens of millions of dollars in grants to developing countries to promote soccer, while seeming not to pay too much attention to how the money gets spent.
For the more than 70 years since the World Bank was founded as an institution to give loans and grants to developing countries, an American has been at the helm.
The Fund has been in the mire now for some time after revelations that some of its grants fell into corrupt hands, left short of money and unable to agree new grants to developing countries badly in need of disease-fighting programmes.
Similar(49)
Will your organization be offering grants to develop microbicides?
The BAM Local Development Corporation is using $6 million in city and state grants to develop the project.
The company is already providing what a spokeswoman described as "seed grants to develop the idea".
His company received $1 million in federal grants to develop the test and has been promised $2.5 million more.
Last month, the Energy Department announced $44 million in grants to develop the technology, known generally as carbon capture.
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