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.

 

A Missed Opportunity for Sensible US Action on IMF—And Why It Matters

This week Senate appropriators failed to include an OK for an International Monetary Fund quota increase in the Senate version of the continuing resolution—the spending bill to keep open the US government for the remaining six months of the fiscal year 2013. The administration had requested Senate appropriators approve a transfer of previous US commitments from one IMF account to another -- a transfer involving virtually no cost for US taxpayers.

Flailing IMF? Who Is Really to Blame?

Last week our CGD and Peterson Institute colleague Arvind Subramanian called on the IMF to speak truth to power, in an elegant cri de coeur in the Financial Times. The IMF, he notes: “has not provided independent intellectual leadership, most evidently on the eurozone crisis. And it is unprepared to provide stability for the next big global crisis.”

IMF Backs “Green Economy” – Is It Good for Developing Countries?

IMF managing director Christine Lagarde announced at a CGD event on Tuesday that the IMF would provide research and analytic support in three areas crucial to sustainable development: carbon pricing, phasing out fossil fuel subsidies and green national accounting, that is, development of new measures of economic progress that take into account environmental costs and benefits not included in Gross Domestic Product (GDP).

EBRD Raises the Bar for International Appointments

On Friday evening, the governors of the European Bank for Reconstruction and Development   (EBRD) selected a new president: British civil servant Sir Suma Chakrabarti. The decision is important because the EBRD has recently taken on a major global challenge: assisting the countries of the Arab Spring.  It also matters because the selection process raised the bar for open, transparent and merit-based leadership selection at other international institutions, including the World Bank, IMF and the other regional development banks.

Pakistan: Here’s What the United States Actually Can Do Right Now

A recent Foreign Affairs article by Stephen Krasner suggests that the United States should withdraw all military and civilian assistance from Pakistan in response to the countries increasingly volatile relationship. CGD President, Nancy Birdsall, takes a more measured response and calls for a renewed focus on U.S. support to private sector growth in Pakistan.

This is a joint post with Milan Vaishnav, and Danny Cutherell

On December 8th, CGD hosted its first Pakistan study group meeting since the release of its June 2011 report on the U.S. development strategy in Pakistan. Our focus was on how the United States could better support the private sector, especially small business, in Pakistan. That discussion—and our ongoing conversation with study group members, Pakistan experts, and CGD colleagues—provided the basis for our sixth open letter (authored by Nancy) to the Obama Administration, available on our website.

This Time Really Is Different (Is the Money There for Europe and the Rest of the World?)

This is a joint post with Amar Bhattacharya of the G-24

It is more obvious every day that Europe cannot save itself. A meltdown in Europe would not only hurt Europe and the United States. It would also deal a blow to people’s livelihoods everywhere, with high costs especially to people living close to the margin in the developing world. The blow would hurt right away as trade, remittances and commodity prices collapse. And it would continue to hurt over the next two years and more, requiring a long slow slog of the United States and Europe out of stagnation, recession or worse, and knock-on effects in China, Brazil and other big emerging markets that until recently were powering global demand.

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