Ideas to Action:

Independent research for global prosperity

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.


Ethiopia’s Experiment

The ever-vigilant Chris Blattman drew attention yesterday to Ethiopia’s currency devaluation. What was surprising and interesting about this move is that the devaluation was not undertaken under the usual duress of “macroeconomic adjustment.” Typically, in Africa, macroeconomic and foreign exchange crises have been the trigger for devaluation.