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There was another meeting in Doha this past weekend through yesterday. This time it was the United Nations not the WTO that failed to close any deal.
I attended because CGD organized a "side event" on our COD Aid initiative -- more on that in another comment later this week.
The U.S. Congress launched a new bipartisan Caucus for Congressional-World Bank Dialogue at a packed event on Capitol Hill July 16. The caucus, co-chaired by Kevin Brady (R-TX) and Betty McCollum (D-MN), provides a forum for members of Congress to engage the World Bank, parliamentarians and policy experts on poverty reduction, global development and trade.
Two former administrators of the U.S. Agency for International Development -- Peter McPherson and Brian Atwood -- said the U.S. government should give greater prominence to development and rewrite the Foreign Assistance Act of 1961 in their testimony before the House Foreign Affairs Committee last week. Their testimony and other events around town signal growing momentum for a dramatic overhaul of U.S. foreign assistance.
This post is joint with Tom Slayton, a rice trade expert and former editor of The Rice Trader
It has been a busy week in the rice markets following CGD's release on Monday of our note about how to puncture a speculative price bubble that threatens millions of people with malnutrition and worse (see Unwanted Rice in Japan Can Solve the Rice Crisis--If Washington and Tokyo Act ). On Wednesday our proposal was discussed at hearings on the world food crisis in both the House and Senate.
And now for a really bad idea: according to the Financial Times Michel Barnier, France's farm minister, told a food crisis summit in Berne that Africa and Latin America should adopt their own versions of Europe's Common Agricultural Policy -- massive trade-distorting subsidies -- as a response to rising demand for food.
This morning, the House Foreign Affairs Committee convened its members to discuss with Defense Secretary Robert Gates the "persistent imbalance between U.S. funding for defense and diplomacy." According to a House Foreign Affairs Committee press release Chairman Berman referred to President Bush's 2002 National Security which affirmed that diplomacy and development are as important as defense. Berman said:
Yesterday President George Bush reported on his recent trip to Africa to members of the diplomatic corps, NGOs, and development policymakers at the Marriott Wardman Park Hotel in Washington, D.C. at an event hosted by the Leon H. Sullivan Foundation. President Bush relayed the details of what he called his "most exciting, exhilarating and uplifting trip" since becoming president and showed slides from his visits to Benin, Tanzania, Rwanda, Ghana and Liberia. He argued Americans should be "mighty proud" of the work the U.S.
*This is a joint post with Steve Radelet
The extraordinary challenges and opportunities of today require a new vision of American global leadership based on the strength of our core values, ideas and ingenuity. They call for an integrated foreign policy that promotes our values, enhances our security, helps create economic and political opportunities for people around the world, and restores America's faltering image abroad. We cannot rely exclusively or even primarily on military might to meet these goals. Instead, we must make greater use of all the tools of statecraft through "smart power," including diplomacy, trade, investment, intelligence, and a strong and effective foreign assistance strategy.