Tag: Nancy Birdsall

 

Flailing IMF? Who Is Really to Blame?

Last week our CGD and Peterson Institute colleague Arvind Subramanian called on the IMF to speak truth to power, in an elegant cri de coeur in the Financial Times. The IMF, he notes: “has not provided independent intellectual leadership, most evidently on the eurozone crisis. And it is unprepared to provide stability for the next big global crisis.”

Oops: Economists in Confused Search for the Middle Class in the Developing World

This is a joint post with Christian Meyer.

With rapid growth in emerging market economies in the last decade, millions of people have entered the new global middle class. That has created new consumer markets in Latin America, Africa, and Asia – a good example: Dunkin’ Donuts going to India – and sparked considerable interest in the global financial and corporate communities.

It’s Not an IDA World Anymore

This is a joint post with Christian Meyer.

One of the pressing questions for Jim Kim in the years ahead as the World Bank’s new president is what to do as many countries graduate out of IDA, the bank’s fund for grants and concessional loans to the poorest countries. To generate ideas and possible directions for IDA’s business model, CGD has convened a Future of IDA Working Group. The group’s final report with recommendations is due out in early summer, in time for ample discussion prior to the IDA 16 Mid-Term Review this fall.

Zedillo Warns of a “Frightening Failure” of Global Institutions

The wake-up call came as a bit of a shock. Ernesto Zedillo, the highly regarded former president of Mexico and director of the Yale Center for the Study of Globalization, was discussing the record of international institutions and the powerful countries that run them. On their response to unprecedented international cooperation and coordination challenges, he was in no mood to mince words.

A New Strategy for Aid to Pakistan

This is a joint post with Wren Elhai and Molly Kinder and first appeared on ForeignPolicy.com’s AfPak Channel blog. Read the report of the Study Group on U.S. Development Strategy in Pakistan here. A response from Alexander Thier, head of USAID’s Office of Afghanistan and Pakistan Affairs can be found here.

For nearly two years, the United States has been trying something completely new in Pakistan. In 2009, with President Obama’s backing, Congress passed a bold piece of legislation that committed the United States to support Pakistan’s people and its economy, as opposed to focusing almost exclusively on the country’s military. The United States would try to help Pakistanis consolidate the transition to democracy they won in 2008, and -- for the first time -- it seemed the United States would place an equal emphasis on long-term development and short-term stability in Pakistan.

So far, however, this new approach has not lived up to its potential. During a recent trip to Pakistan, we listened to dozens of Pakistanis in and out of government tell us of their frustrations with the U.S. aid program and American inaction on trade and investment policies (just look at the ongoing debate about lifting tariffs on the Pakistani textile trade with the United States) that would naturally complement aid. Over the past year, a study group of American and Pakistani experts convened by the Center for Global Development have gathered to figure out what’s amiss—and how to put it right. In a report released today, we sum up the problem this way:

IMF Leadership Struggle and CGD Survey Results: Nancy Birdsall

The sudden resignation of Dominique Strauss-Kahn has sparked a global debate over the selection of the next head of the International Monetary Fund. French finance minister Christine Legarde, Europe’s nominee, has launched a round-the-world tour to promote her candidacy. Meanwhile, Agustin Carstins, the governor of the Bank of Mexico and the lone challenger so far to Europe’s renewed claim to lead the IMF, is seeking backing from European debtor nations and others by calling for greater flexibility in IMF bailout programs.

Against this background, CGD is pushing ahead with a survey on the selection process, qualifications and candidates for the IMF top job. I asked CGD president Nancy Birdsall, who has been arguing for a more open, merit-based selection process without regard for nationality, to join me on the show to share her views on the IMF leadership selection battle and the initial results from our survey.

United States Should Boost Trade with Poorest Countries

The United States could help developing countries by opening its trade with poorest countries.

WASHINGTON — With a complex and difficult situation grinding on in Libya, the uprising in Syria, war in Afghanistan and fresh uncertainty about U.S. assistance to Pakistan, many Americans feel beleaguered about international involvement.

At the same time, they recognize that the U.S. cannot disengage from a globalized world. If only there were a simple, low-cost way for the United States to intervene for good in the world.

Why U.S. Aid to Pakistan Still Makes Sense: Nancy Birdsall

Why are we providing some $1.5 billion per year in development assistance to a country that couldn’t be bothered to find bin Laden? Now that Osama is dead, what the heck are we still doing in Pakistan?

On this special edition of the Global Prosperity Wonkcast I asked these provocative questions of Nancy Birdsall, president of the Center for Global Development.

Nancy Birdsall on Cash on Delivery (COD) Aid

Nancy Birdsall A little over a year ago, I invited Nancy Birdsall, founding president of the Center for Global Development, to join me on the Wonkcast to talk about her big new idea, Cash on Delivery Aid (COD Aid), an innovative approach to the delivery of foreign assistance. COD Aid has since gained a lot of traction, so I invited Nancy back to update us on recent developments, including a planned pilot program in Ethiopia.

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