Ideas to Action:

Independent research for global prosperity

CGD in the News

April 3, 2014

China Boosts World Bank Aid for Poorest in Bid for More Clout (Bloomberg)

From the article:

“While they’re certainly not contributing on the scale of the large IDA donors, it’s nonetheless a large increase for them,” said Scott Morris, a former deputy assistant secretary for development finance and debt at the U.S. Treasury Department.

The commitments “demonstrate a desire to be viewed not just as a major borrower of the World Bank but as a major shareholder in the institution,” said Morris, now a visiting policy fellow at the Center for Global Development, an aid research group in Washington.

Read the article here

May 11, 2007

IMF, World Bank Face Irrelevance [Washington Post]

Senior fellow Liliana Rojas-Suarez was quoted in this Washington Post article about the decreasing role of the International Monetary Fund and the World Bank in Latin American countries.

From the article:

Unfortunately, there are few signs that the bank and the IMF are listening. If anything, the current good health of the global economy appears to be feeding a "sense of complacency," according to Liliana Rojas-Suarez, a former IMF official now with the Washington-based Center for Global Development. While "good times are the best times for planning" for crises, she added, the IMF is "putting off very important decisions, despite the fact that (it is) losing relevance."

...

Structural reform aside, the IMF needs significant strategic change. The Latin American Shadow Financial Regulatory Committee, a group of former Latin American economic and finance ministers chaired by Rojas-Suarez, articulated several proposals last month -- including better preparation for international financial crises, which the committee warned could be particularly devastating in Latin America. In that regard, they believe the IMF must focus exclusively on financial issues and develop a new facility that could serve as a way of gaining quick access to credit in case another international crisis breaks.

May 3, 2007

Steps to help Zim, but only after Mugabe

In this op-ed senior fellow Todd Moss sets out five steps the international community should take to help Zimbabwe recover from its current crises under the Mugabe regime.

 

May 2, 2007

Chavez pulls out of IMF, World Bank

Senior fellow Liliana Rojas-Suarez is quoted in this article about Venezuelan President Hugo Chavez's decision to remove his country from partnerships with the World Bank and IMF.

From the article:

Liliana Rojas-Suarez, a former IMF official now with the Washington-based Center for Global Development think tank, said Chavez's move is consistent with his vision of creating a system independent of US influence.

"This is definitely political and consistent with Chavez's strategy," she said, pointing out that Mr Chavez is founding a new Bank for the South, which would play a role similar to the World Bank but under Latin American control.

December 31, 2006

Bush Has Quietly Tripled Aid to Africa [WaPo]

Senior fellow Steve Radelet is quoted in this Washington Post article highlighting the Bush Administration's major increases in aid to Africa.

From the article:

"I think the Bush administration deserves pretty high marks in terms of increasing aid to Africa," said Steve Radelet, a senior fellow at the Center for Global Development.

November 2, 2006

China Elevates its Economic Profile in Africa

Senior fellow Todd Moss was quoted in this USA Today article about China's expanding role as a development actor in Africa.

From the article:

"China is taking a 'realpolitik' point of view, trying to secure natural resources to continue fueling its high rates of economic growth. ... For Africa, it's a mixed bag," says Todd Moss, senior fellow at the Center for Global Development in Washington.

October 31, 2006

The Difference Between Calves and Cows

Research fellow David Roodman's latest publication, Microfinance as Business (co-authored with Uzma Qureshi), is discussed in this posting on Salon.com by Andrew Leonard. The article focuses on the pros and cons of micro-finance for development.

From the article:

For a couple of weeks now, I've been puzzling about poor women and cows in Bangladesh.

Let me explain.

On the same day that Muhammad Yunus, founder of the Grameen Bank and chief apostle of the church of microcredit, received the Nobel Peace Prize, the Center For Global Development (CGD), a Washington-based nonprofit, published a study by David Roodman and Uzma Qureshi with the title "Microfinance as Business."

Microfinance is generally taken to mean the provision of small loans -- microcredit -- and other financial services to very poor people, and Yunus is widely acclaimed as the man who pioneered its effective application. So CGD's timing was excellent. But the thrust of the study was contrarian to the point of outright dissidence. Though the Nobel Prize committee, as CGD noted in its own interview with Roodman published three days later, "praised Yunus and Grameen for 'their efforts to create economic and social development from below,'" Roodman says that for him "the jury is still out" over whether microfinance contributes to economic development among the poor. In their paper, Roodman and Qureshi argued that there isn't yet definitive evidence that microfinance actually lifts people out of poverty.

"Unfortunately, rigorously derived evidence that microcredit helps people in this way is surprisingly thin."

Surprising is the right word, because microfinance has never been hotter. 2005 was dubbed "The Year of Microcredit" by the United Nations. Philanthropists, aid donors, and profit-seeking capitalists of every stripe are all pouring hundreds of milllions of dollars into microfinance schemes across the globe. (An absorbing article in last week's New Yorker delves deeply into the differing motivations, and consequent friction between, the new players in microfinance, who include Microsoft's Bill "philanthropist" Gates and eBay founder Pierre "profit-seeking" Omidyar.) Heartwarming success stories of people living in extreme poverty -- mostly women -- who have clawed their way out of the most abject circumstances with the help of miniscule loans, abound...

October 30, 2006

En el corto plazo Estados Unidos es el principal problema

CGD senior fellow Liliana Rojas-Suarez was featured in the Peruvian magazine Peru Economico.

October 27, 2006

South African government tries to unlock economy

CGD senior fellow Todd Moss was interviewd for this article on the state of the South Africa's economy.

From the article:

Still, South Africa's relative stability and prosperity, measured against the rest of the African continent, has made it a magnet for portfolio investment from abroad. All 94 U.S.-based emerging markets mutual funds have stakes in South African companies, according to Todd Moss, senior fellow at the Center for Global Development in Washington, D.C. "If you're in emerging markets, you have to be in South Africa," Moss said.

September 14, 2006

Expert Presents 'Road Map' for Post-Mugabe Zimbabwe

The Voice of America quoted CGD Senor fellow Todd Moss on the current political crisis in Zimbabwe, while speaking at a Johns Hopkins event last week.

From the article:

Speaking at a recent forum at the Johns Hopkins School for Advanced International Studies, Moss said independent Zimbabwe, formerly Rhodesia, had achieved political stability, despite lingering racial tensions. "Politically, it was sort of a model of racial reconciliation," he added.

"Obviously, there were racial tensions during the colonial period, but for the most part, the previous white Rhodesians - white Zimbabweans - largely withdrew from politics. But politically, it was also somewhat of a success story." All that good fortune began to erode.

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