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Could Ex Ante Loan Sanctions against the De Facto Honduran Regime Prevent Illegitimate Debt?

This is a joint posting with Cindy Prieto.

Since the coup ousting Honduran president Manuel Zelaya last June, the international community has responded with strong words and a mix of mostly mild actions. The Organization of American States (OAS) unanimously voted to suspend Honduras when the de facto regime ignored its demand for the immediate reinstatement of Zelaya, and the UN General Assembly has also adopted a resolution denouncing the coup. The United States and European Union have halted some forms of non-humanitarian aid. But despite some calls for action , the United States and other major trade partners have yet to adopt trade sanctions or to freeze the coup leaders' assets.

Gates Foundation Explores Securitizing Aid

Yes that’s right. Securitizing is a bad word nowadays, but in fact it’s a great idea that I’ve written about -- as a wishful dream not a possible Gates-sponsored reality. Yet here it is in a recent Economist article: “Or the foundation might provide insurance against the non-payment of aid promised by a donor, so that a government will know that, one way or another, the money will come.”

Wanted Now: A Pragmatic and Visionary Leader for the Improved UN Entity for Women

This is a joint post with Geeta Rao Gupta.

In all of last week’s hoopla in NYC with the United Nations General Assembly (UNGA) and the Clinton Global Initiative in full swing, news about an improved, composite U.N. entity for women (still to be formally named) went under the radar. The idea for consolidating several U.N. agencies into one has been in the works for about three years, but was finally adopted just two weeks ago. The resolution merely approves the creation of the entity and states that the Secretary General should announce the final plan for the structure and mission of the agency at next year’s UNGA. Now that’s classic UN style—to take one entire year to figure out what has already been figured out! It’s time for urgent and quick next steps, which if implemented smartly (not just politically) can make all the difference.

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