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As part of an ongoing effort to persuade the leaders of the G-20 countries to better address the needs of poor countries in their Summit, CGD president Nancy Birdsall visited Pittsburgh yesterday with a small band of CGDers in tow, myself included.
In 2002, John Williamson and I proposed that the gold at the IMF be used to deal with global public good (bad) of unsustainable debt of poor countries – and in particular to allow the IMF to finance suspension of debt service to the IMF and the multilateral development banks following an external shock.
One of the few bright spots in the climate negotiations was the news that the governance of climate funding has received some attention in the run-up to the Pittsburgh G-20. Much needs to be settled, but at least the issue is on the table.
Uri Dadush at the Carnegie Endowment provides an excellent reader-friendly summary of the agenda and issues the G-20 leaders will face in Pittsburgh this week. His fourth of four challenges is for the leaders to develop a long-term agenda – and a long-term agenda implies ipso facto a development agenda.
I am pleased to announce that CGD has expanded its work in monitoring U.S. foreign assistance. Sheila Herrling, whom many of you know from her wonderful stewardship of our MCA Monitor, has been named Director, Monitoring Foreign Assistance Program and will be managing our Rethinking U.S. Foreign Assistance Program, a one-stop shop for information, dialogue and analysis on the progress and challenges in modernizing U.S. foreign assistance.