Ideas to Action:

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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.

 

President Sirleaf’s Ambition for Liberia: Aid-Free in a Decade

CGD had the honor and privilege of hosting Liberia’s President Ellen Johnson Sirleaf—the first elected female head of state in Africa—on June 23.  At the event, President Sirleaf set a hugely ambitious goal of being aid-free within ten years. Given that aid currently accounts for more than half of GDP, this would imply serious increases in other sources of revenues, but it’s a well-calibrated message both to Congress and to audiences back home.

Stopping the Emerging Markets Contagion Boomerang

The U.S. rescue package is (rightly) focused on shoring up our domestic financial markets, ground zero in the global credit crisis. Even if this effort is successful, the United States and other global financial leaders cannot ignore the impact on emerging markets. As the crisis has now spread to Latin America, Asia, and elsewhere, we need to ensure that all available tools are used so that the downturn doesn't eventually boomerang back to us.