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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.
CGD President Nancy Birdsall praised the intent of new legislation (S. 2166) to expand debt relief to additional poor countries, but cautioned against the bill in its current form last week at a Senate Foreign Relations Committee hearing. She urged the U.S.
This is a joint post with Arvind Subramanian
In a Q&A published today, CGD non-resident fellow Peter Timmer estimates that soaring global food prices and panicky starve-thy-neighbor rice export restrictions in Asia could lead to 10 million or more premature deaths in the region if the current high prices are passed along to poor rice consumers.
CGD recently hosted a roundtable discussion on a set of important questions confronting the multilateral development banks (MDBs) as the market for their loans shrinks: can they help to foster a greatly expanded market for new risk management tools -- such as insurance and other hedging mechanisms -- to help
The IMF Governors will be considering formally next week a pack of governance reforms -- most notably a proposed change in quota shares and thus voting power among members. The change is meant to give developing countries, especially China, India and other fast-growing emerging market economies, and developing economies as a group, more votes and a bigger stake in the IMF's future.
In Memphis today, Senator Clinton called for a Cabinet-level poverty czar. This person would be "solely and fully devoted to ending poverty as we know it, that will focus the attention of our nation on this issue and never let it go."