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.

 

Moving from Rhetoric to Action to Improve Statistical Data in Africa

International Monetary Fund Deputy Chief Roberto Rosales announced Monday a plan to encourage more countries to publish their economic and financial data in a timely manner, addressing concerns that essential information in developing countries and emerging markets is inaccurate and out of date. The IMF would require countries that adhere to the less stringent of two IMF data-reporting standards to publish their data according to an advance release calendar, as countries on the more stringent standards do.

Huh? Stalled IMF Package Would Help Ukraine More Than Ukraine Legislation Will Help Ukraine

Here’s a fact about the IMF reform package, agreed in 2010 in a negotiation led by the United States and since approved by 158 countries, but (embarrassingly and cavalierly) stalled in the US Congress: It would increase Ukraine’s access to IMF resources to deal with its financial troubles by more than twice the special $1 billion of loan guarantees for Ukraine that the Obama Administration has proposed to the Congress — and potentially almost six times as much — at virtually no cost to US taxpayers. 

I'm Embarrassed

USA Commits Own-Goal on the IMF

I'm an American citizen.  I'm embarrassed.  The US Congress again has failed to include in the omnibus budget bill finally passed by the House (and now going to the Senate) the trivial amount needed for the United States to finally approve critical changes at the IMF: a doubling of its resources and reform of its antiquated governance. 

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