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International Financial Institutions (IFIs) and particularly the relationship between the IFIs and the United States.
Scott Morris is a senior fellow at the Center for Global Development and director of the US Development Policy Initiative. In addition to managing the center’s work on US development policy, his research addresses development finance issues, debt policy, governance issues at international financial institutions like the World Bank and IMF, and China’s role as a development actor.
Morris served as deputy assistant secretary for development finance and debt at the US Treasury Department during the first term of the Obama Administration. In that capacity, he led US engagement with the multilateral development bank, as well as US participation in the Paris Club of official creditors. He also represented the US government in the G-20’s Development Working Group and was the Treasury’s “+1” on the board of the Millennium Challenge Corporation. During his time at Treasury, Morris led negotiations for four general capital increases at the multilateral development banks and replenishments of the International Development Association (IDA), Asian Development Fund, and African Development Fund.
Morris was a senior staff member on the Financial Services Committee in the US House of Representatives, where he was responsible for the Committee’s international policy issues, including the Foreign Investment and National Security Act of 2007 (the landmark reform of the CFIUS process), as well multiple reauthorizations of the US Export-Import Bank charter and approval of a $108 billion financing agreement for the International Monetary Fund in 2009. Previously, Morris was a vice president at the Committee for Economic Development in Washington, DC.
Treasury’s Office of International Affairs works with other federal agencies, foreign governments, and international financial institutions to strengthen the global economy and foster economic stability. The United States’ international engagement through Treasury supports our national economic and security interests by promoting strong economic governance abroad and bolstering financial sector stability in developing countries. Through Treasury, the United States exercises leadership in international financial institutions where it shapes the global economic and development agenda and leverages US government investments, while tackling poverty and other challenges around the world.
State Department guidance underscores the importance of its work in furthering development: “The surest path to creating more prosperous societies requires indigenous political will; responsive, effective, accountable, and transparent governance; and broad-based, inclusive economic growth. Without this enabling environment, sustained development progress often remains out of reach.”
So it turns out the “skinny budget” released by the White House is really just a press release—a sprinkling of numbers amidst a lot of assertion and characterization of the real budget that is yet to come. When it comes to foreign assistance, the skinny budget doesn’t quite know what it wants to be, with statements that are both confused and confusing.
Big cuts are likely coming to the State Department and USAID. So how can the US make the best use of fewer foreign assistance dollars in future? That was the subject of a heated debate at CGD earlier this week. CGD’s Scott Morris, the director of our US Development Policy Initiative, joined leading thinkers from across the political spectrum—Danielle Pletka from the American Enterprise Institute, Jim Roberts from the Heritage Foundation, and John Norris from the Center for American Progress—to discuss the best way to move forward with limited resources.
With major cuts to foreign assistance expected in the Trump administration’s budget preview later this week, CGD’s US Development Policy Initiative hosted experts from across the political spectrum to discuss what these cuts might mean. In a heated debate (well, at least for a think tank event), CGD’s Scott Morris, CAP’s John Norris, AEI’s Danielle Pletka, and Heritage’s Jim Roberts found a few areas of agreement, if more in the way of constructive suggestions to Congress and the Administration on ways forward.
With fundamental questions being raised these days about the nature and value of US foreign assistance, it is all the more critical that the Center for Global Development continues to play a leadership role in bringing evidence and analysis to the US policy agenda. That’s why I’m so pleased to announce three new hires that will enable us to up our game across the board and move into critical new areas of US policy.
A multi-year project just came to fruition with the endorsement by the Board of the World Bank of its new set of safeguards—the social and environmental standards that govern Bank-funded projects in client countries. CGD's expert on multilateral development banks, senior fellow Scott Morris, reacted to the new policies in a recent blog post, and joins me this week on the CGD Podcast to discuss.
To get a sense of what this trip means for Obama’s African legacy and the expectations of his hosts, I invited CGD vice president Todd Moss and visiting fellow Scott Morris to be my guests on this week’s Wonkcast. Todd and Scott served as deputy assistant secretaries in the George Walker Bush and Obama administrations, respectively, Todd in the State Department (where he was oversaw US relations with west Africa) and Scott at Treasury (where he was responsible for the US role in multilateral institutions, including the African Development Bank). I’m eager to hear whether or not their views differ on how Obama can best build a stronger relationship with Africa.
In a few days, the US government will move to officially oppose any and all large hydroelectric projects funded by the multilateral development banks, even as USAID considers bringing the mother of all hydroelectric projects, “Inga 3”, into the high profile “Power Africa” initiative.
Here at CGD, much of what we have to say is based on a core premise that too often goes unstated. Namely, that US development policy, with bipartisan support, has made steady progress over many years as one of the more effective things our government does. It is, day in and day out, advancing US interests around the world and at home. It’s a time of fundamental uncertainty about the future direction of US development policy, so let’s talk fundamentals.
CGD founding president Nancy Birdsall has seen a few US presidents come and go in her long career as a leading development economist, but her message to all occupants of the White House has remained fairly steady: Enact smart policies that help developing countries build stable, prosperous economies of their own—and that will help people at home too. This week she joins the CGD Podcast to talk about some of those ideas, and why development should be a priority for the next US president.