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.

 

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.