Female genital mutilation/cutting rates have fallen in some countries but risen in others, despite a global ban. A new paper looks at the success story of Burkina Faso and the role of legal reform in decreasing FGM/C.
Suddenly the IMF is very much in the news. The G-20 Summit agreed last week to large increases in resources to enable the Fund to respond to the global crisis. And the week before the IMF Board approved radical changes in access, pricing and conditionality for IMF borrowers, making IMF loans and insurance (precautionary loans immensely more attractive for countries like Brazil and Mexico.
I am pleased to announce the launch of the CGD’s Bretton Woods Non-Commission on Governance Reform of the IMF and the World Bank. The possibility and the options for deep reform of these institutions are greater today than ever. Ironically, this is thanks to the oncoming global economic crisis, which has exposed the limits of their financing, legitimacy and relevance in the 21st century interconnected global economy.