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The Debt Cap Showdown and the Developing World: Liliana Rojas-Suarez

Liliana Rojas-Suarez

The American media is abuzz with stories of doom and gloom as tensions mount over stalled efforts to raise the U.S. debt ceiling. Europe, meanwhile, has its own debt woes, with mounting fears that a default in Greece could spill over into Ireland, Portugal and Spain. So far, however, there has been relatively little discussion about what these twin crises would mean for the 5 billion people living in developing countries. Sadly, those with the least influence over the issue could pay the highest price.

On this week’s Wonkcast, I invite senior CGD fellow and global finance expert Liliana Rojas-Suarez to explain why it’s important to the rest of the world that Europe and the United States put their financial affairs in order. The showdown in the U.S. is especially worrying, Liliana says, because of the U.S. dollar’s role as the international reserve currency.

 

Prospects for South Sudan, the World’s Newest Nation: Ben Leo

Ben LeoOn Saturday the world’s newest nation exuberantly celebrated its first independence day. The Republic of South Sudan, an area the size of Texas that is home to eight million people, has finally fulfilled its long-sought goal of freedom and self-determination. Independence however, is just the beginning.

My guest this week is Ben Leo, a CGD research fellow and expert on the economic issues concerning the new nation of South Sudan and its major challenges going forward.

Hedging Against Hunger: Connie Veillette & Ben Leo

U.S. food aidEvery year, billions of dollars are spent on food assistance to provide lifesaving sustenance to millions of people. That’s a lot of money, and an important cause, so it was encouraging to learn last week that the United States and the G-20 are starting to seriously scrutinize food aid policy. Recent developments in Washington and Paris show a growing consensus that it’s about time to overhaul outdated approaches to feeding the hungry.

Joining me this week to discuss these developments is Connie Veillette, director of CGD’s Rethinking U.S. Foreign Assistance Program and CGD research fellow Ben Leo. Having closely tracked U.S. and international food aid, both have concluded that reforms in financing, procurement and delivery can help ensure that food aid reaches more people who need it at lower cost.