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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

What the Fed Rate Increase Means for Emerging Economies

The first thing we should be asking is why now in particular, since conditions have not really changed much in the past few months. For example, back in September, there were large uncertainties in the global economy. China’s economic slowdown was causing alarm. Volatility in international capital markets was high. The appreciation of the US dollar was hurting US exports, which could (yet) mean slower US economic growth. That was not the time for the US Federal Reserve to up interest rates. But now it is – and here’s why.

To the G-20: Unleash the Potential of Digital Technology for Improving Financial Inclusion

Financial inclusion is a key development focus in Turkey’s agenda for the G-20 summit beginning this weekend (November 15). I am pleased to note that the international community’s efforts to broaden financial inclusion have continued to gain momentum since the 2010 G-20 Summit in Seoul, where the leaders of G-20 endorsed the Financial Inclusion Action Plan. The plan was built on the G-20 Principles for Innovative Financial Inclusion, which reinforced earlier recommendations in a 2009 report by CGD, Policy Principles for Expanding Financial Access.