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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.

 

Carrots for Ukraine, Sticks for Russia: What the International Financial Institutions Can Do in Response to Crimea

The IMF, World Bank, EBRD, and the European Investment Bank have all emerged as significant players in the dramatic events in Ukraine in recent weeks. The Obama administration has very visibly sought to educate Congress on the central role of the IMF in helping to shore up the country’s shaky economy. And the three development banks have figured prominently in press releases coming from the European Union and the United States as a demonstration of the international community’s support for Ukraine’s interim government.

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.