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CGD Experts Urge IMF to Include Developing Countries in Re-Write of Financial Rules

CGD policy experts are urging the International Monetary Fund to push for the inclusion of emerging market and developing countries in the re-write of bank supervision guidelines and other international financial rules that they say is likely to happen soon as a result of the global financial crisis.

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Avoiding Another Food Crisis in Niger

In this essay, CGD post-doctoral fellow Jenny Aker analyzes the performance of grain markets in Niger during its 2005 food crisis, when an estimated 2.4 million people were affected by severe food shortages, to find ways to avoid future crises. She finds that local grain markets are highly responsive to national and sub-regional price shocks and suggests that local early-warning systems should monitor the impact of drought and prices in key national and sub-regional markets. This essay highlights the need for policies that account for the impact of local purchases and regional trade on food security.

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Short-Term Renewal of Trade Preferences Misses the Point

U.S. legislation extending preferential trade access for developing countries passed critical hurdles last week in the Senate and House, and the bill now goes to President Bush for his signature. CGD senior fellow Kimberly Elliott argues that Congress should take a longer view on preferences, pointing out that repeated short-term extensions undercut the impact of the preferences on investment and job creation.

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CGD Experts Urge IMF to Include Developing Countries in Re-Write of Financial Rules

Avoiding Another Food Crisis in Niger

Short-Term Renewal of Trade Preferences Misses the Point

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