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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.

 

IMF Reform: How the Poor Man (That’s the USA) Had a Good Idea

IMF governance reforms were agreed the week before the G20 Summit.  One decision – to increase IMF resources but not by much – may matter for the IMF’s role in a still-unsettled Eurozone – if Ireland’s problem becomes Portugal’s and so on.

For a full and nicely balanced assessment of the reforms from Ted Truman, including on resources, go here.  Among other things, unpacks a couple of little-known and little-understood facts that are (though he doesn’t say so directly) about the role of the USA – the poor man with good ideas.

Development and the Seoul G-20 Summit

Reports of progress last weekend notwithstanding, the so-called currency wars—the reality and threat of competitive devaluations—are likely to continue to dominate the news about the upcoming Seoul G-20 Summit.

Korea Puts Development on the Agenda for Seoul G-20 Summit

This blog post also appeared The Guardian's Global Development blog.

When Seoul hosts the G-20 in November, development issues will be squarely on the agenda for the first time since the top steering group for the global economy was created in the midst of the 2008 financial crisis, according to Ho-young Ahn, South Korea’s Ambassador at large for the G-20.