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Scott Morris has pointed to the lack of ambition on the part of the current administration when it comes to US engagement in multilateral institutions. With the notable exception of its decision to support the World Bank’s recent general capital increase, the Trump administration has voiced broad desire for reform while curbing international commitments.This diminished ambition is evidenced in its FY20 budget request by both a decline in the number of funds and institutions included in the budget request and in funding commitments by value. This chart shows the Obama administration’s final budget request (FY17) for the international financial institutions compared to the Trump administration’s latest request.
In its FY20 budget request, the administration also proposes merging humanitarian funding streams and re-aligning interagency roles. This is a first, and comes in response to a government-wide reform and reorganization plan issued last year that called for optimizing US humanitarian response.
For the third time, the Trump administration proposed merging a number of bilateral economic assistance accounts: the Economic Support Fund, USAID’s Development Assistance, the Democracy Fund, and Assistance for Europe, Eurasia, and Central Asia. Appropriators have twice rejected the merger—and the third time seems unlikely to be the charm for this plan given its pairing with the type of steep cuts ($2.4 billion or more than 31 percent) that have proven unpopular in past years.
Gyude Moore, former Minister of Public Works in Liberia and current visiting fellow at CGD, on aid branding, what China does differently, and what innovation could help developing countries save big on infrastructure.
In this episode of Sounds Robotic, host Charles Kenny talks with Shahid Yusuf, who argues that the old path to rapid growth—manufacturing export goods—is less and less of an option for poorer countries, and there isn’t a clear new path to replace it.
Economist Stephany Griffith-Jones on the role development banks can play in innovation, how they should interact with private actors and governments, and what new institutions can learn from their predecessors.
Lant asserts that the main problem developing countries face isn’t a lack of access to new technologies or knowledge, but rather lack of the use of these technologies that have been around a while, which leads to a discussion of institutions and how deals are done.
Todd Moss, CGD senior fellow and executive director of the recently-launched Energy for Growth Hub, on why the Hub was created, how big the energy gap is, and why the tradeoff between residential and industrial energy isn’t really a tradeoff at all.
From the Bretton Woods Committee: "On October 10, 2018, the Bretton Woods Committee held its annual International Council meeting in Bali, Indonesia alongside the International Monetary Fund and World Bank Group Annual Meetings. An esteemed group of global leaders joined approximately 75 Committee members and friends in a roundtable discussion. This year’s conversation – Modernizing Multilateralism - Leadership for the Next Generation – examined the current and future forces shaping the global economy and discussed ways the multilateral system and institutions can be modernized to meet the demands of the next generation."
Sarah Bermeo, political economist and author of Targeted Development: Industrialized Country Strategy in a Globalizing World, on how rich countries’ motivations for development have evolved, what they mean for developing countries, and where we are now.