CGD in the News

Should the World Bank Go All In on 'Global Public Goods?' (Devex)


The multilateral development banking system is due for a major overhaul, according to a high-level panel assembled by the Center for Global Development. Institutions including the World Bank and regional MDBs need to recalibrate their missions, rethink their values, and work better as a collective system if they are to stay relevant, participants in the project concluded. The World Bank, the expert panel said, should establish “global public goods,” beneficial resources such as clean air or a stable climate, which can only be managed through cooperation.

Building a Better World Bank, Not a Bigger One (Bloomberg)


Finance and development ministers from around the world, who are gathered in Washington this week, will consider whether the World Bank needs more resources -- a new infusion of capital to permit more lending and new contributions from traditional rich-country donors to help the poorest countries.

But a bigger World Bank is not necessarily a better one, and any consideration of new money for it or for the regionally based multilateral development banks demands a fundamental look at their mandates and operations in the face of new development challenges in today’s global landscape.

More Than Half of the World’s 21 Million Refugees Live in These 10 Countries (LA Times)


“It is in their interest to bind themselves into an agreement to take more refugees,” said Michael Clemens, a senior fellow at the Washington-based Center for Global Development. “It is in their interest to show they stand for principles of common humanity.”

Who is Responsible For That Pile of Poop? (NPR)


Amanda Glassman, director of Global Health Policy at the Center for Global Development, says the use of shame remains the subject of ongoing debate in sanitation circles. She says the research shows "that lives are saved, that disease is prevented, that kids are healthier and live through childhood. That we know for sure, and then the question is, are the tactics worth it." Glassman says there are definite ethical questions, but "it's unethical to let children die too."

China Can Now Organize Its Own (Financial) Coalitions of the Willing (CFR Blog)


Scott Morris of the Center for Global Development has written a new CFR discussion paper on how the U.S. should respond to China’s success in setting up the Asian Infrastructure and Investment Bank.

One of his conclusions is straight-forward. If the U.S won’t support an expansion of the balance sheet of the institutions where it has the most influence and weight—institutions like the World Bank—then the world will likely proceed without the United States. And the current “core” development institutions will over time be surpassed by new institutions where the U.S. has less influence.


Como Mexico y Estados Unidos Pueden Solucionar el Tema de la Migracion (New York Times)


Estados Unidos y México comparten una rica historia. Durante más de un siglo, la gente ha ido y venido a través de la frontera para trabajar. Su trabajo arduo y dedicación podrían haber tenido lugar dentro de un mercado laboral bien regulado y ventajoso para ambos países. Sin embargo, en años recientes la mayor parte de la mano de obra se ha movido en un vasto mercado negro, afectando a los trabajadores, las familias, la seguridad y las finanzas públicas en ambos países.

How Mexico and the U.S. Can Fix Migration (New York Times)


The United States and Mexico have a rich, shared history. For more than a century, people have moved back and forth at the border to work. Their toil and industry could have taken place within a well-regulated and mutually beneficial labor market. But in recent years much of their labor has occurred in a vast black market — harming workers, families, security and public finances in both countries.

U.S. Leadership at Multilateral Development Banks in a New Era (The Hill)


Last week’s China-led G20 summit brought new commitments from presidents Obama and Xi to work together on critical issues like climate and global development. On both fronts, the United States, China, and the rest of the G20 are looking to the World Bank and other multilateral development banks (MDBs) to play a central operational role. Yet, this spirit of cooperation belies an underlying tension between the world’s two largest economic powers over who will lead the MDB system. This is not an academic problem; for the last sixty years, the United States has relied on the MDBs to complement its bilateral aid and promote its values and objectives abroad. In a new paper published by the Council on Foreign Relations, I argue that the time has come for the United States to address a number of self-imposed obstacles to MDB leadership in the face of an ascendant China.

Sistema de Identidad Unico, Clave para una Mayor Inclusion Financiera (Informador)


After her presentation on financial inclusion at PALCCO, Liliana Rojas-Suarez shared some insights with Mexican media Informador. Rojas-Suarez argued that financial inclusion helps people in three main axes: (i) facilitates payments systems, (ii) allows families to make long term decisions and (iii) reduces risks for low income families. She suggests that Mexico should advocate for a unique and biometric identity system to be implemented.

Interview with Liliana Rojas-Suarez (Canal N)


After participating in Foro Diálogos para el Desarrollo,  Liliana Rojas-Suarez engaged in an interview about the main challenges for Peru’s growth problem. Rojas-Suarez agreed with many other panelists of the event on how informality is one of the most important barriers for growth, particularly in Peru. But she also emphasized prioritizing judicial reform in order to enhance contract enforcement and foster long term growth.