CGD in the News
Letters to The Editor: Washington Should Only Back Aid for Pakistan If Undemocratic Education System Is Tackled (Financial Times)
Sir, In their excellent contribution on US policy toward Pakistan ("America must broaden its policy on Pakistan" November 9), Teresita Schaffer and Karl Inderfurth propose an increase in US economic and social development aid to Pakistan, especially for education.
Letters to The Editor: America Must Broaden Its Policy on Pakistan (Financial Times)
Sir:
In their excellent contribution on U.S. policy toward Pakistan ("America must broaden its policy on Pakistan," November 9 - subscription required), Teresita Schaffer and Karl Inderfurth propose an increase in U.S. economic and social development aid to Pakistan, especially for education.
Letters to The Editor: Global Agricultural Free Trade Would Benefit, Not Harm, LDCs (Financial Times)
Sir, Although I usually agree with Arvind Panagariya, I believe he is wrong in his diagnosis that global free agricultural trade would be harmful to the least developed countries ("Tide of free trade will not float all boats", August 3, 2004). He is correct that elimination of industrial country subsidies would boost world food prices, and he is correct that in the aggregate the LDCs are net food importers. He misses a crucial point, however.
Iraq Contracts And 'Tied Aid': America's Critics Also Favor Their Own Firms (International Herald Tribune)
WASHINGTON: Like Claude Raines in the movie "Casablanca," the Germans, Russians, Canadians and especially the French are "shocked, just shocked" that the United States is barring them from bidding on $18.6 billion in reconstruction contracts for Iraq.
How Wall Street Can Aid The Poor of The World (Financial Times)
The distance between a Wall Street bond trader and a two-year-old in a village in Mozambique is shrinking. What is bringing the two together is a recognition that it may be possible to reduce one kind of risk - the risk of disease that the Mozambican child faces - by buying and selling another kind of risk that is more familiar to those who trade, hedge and option for a living.
Letters to The Editor: Broaden The Race for IMF Post (Financial Times)
Sir, Your editorial "The IMF should not be a European fief" and Moises Naim's article "End the Fund's succession fiasco" (March 5 - subscription required) both overlook a fundamental argument for ending Group of Seven backroom dealing and making the leadership choice at the International Monetary Fund an open and transparent process - the need to involve the big emerging markets and the poorest of the developing countries in the process. These countries are, nowadays, the only borrowers and the sole beneficiaries (or victims, depending on one's perspective) of IMF lending and policy advice.