Ideas to Action:

Independent research for global prosperity

CGD Podcast

Exploring smart policies for a better world.

 

Why and How Change is Coming to the World Bank – Podcast with New CEO Kristalina Georgieva

Just ahead of the annual World Bank/IMF spring meetings, the Bank’s new CEO, Kristalina Georgieva, spoke with me about a new way of thinking at the 72-year-old institution. The Bank has renewed ambition, she told me, to be a catalyst for massive transformative investment in development. She went on to lay out how the Bank plans to do that in this edition of the CGD Podcast.

A New Liquidity Fund for Latin America -- Liliana Rojas Suarez

In December, members of the Latin American Shadow Financial Regulatory Committee (CLAAF) convened at CGD to discuss global financial and monetary developments affecting Latin America. The CLAAF, which meets here twice a year, usually offers policy and regulatory recommendations for finance ministers. central bankers and financial regulators in the region. This time the committee proposed something quite different: the five-page statement CLAAF issued after two days of deliberation recommended the creation of a new regional financial institution—a Latin American Liquidity Fund, to supplement the efforts of the International Monetary Fund (IMF) when the next global financial crisis hits.

A New Liquidity Fund for Latin America -- Liliana Rojas Suarez

In December, members of the Latin American Shadow Financial Regulatory Committee (CLAAF) convened at CGD to discuss global financial and monetary developments affecting Latin America. The CLAAF, which meets here twice a year, usually offers policy and regulatory recommendations for finance ministers. central bankers and financial regulators in the region. This time the committee proposed something quite different: the five-page statement CLAAF issued after two days of deliberation recommended the creation of a new regional financial institution—a Latin American Liquidity Fund, to supplement the efforts of the International Monetary Fund (IMF) when the next global financial crisis hits.

A Global Consensus on Reforming IMF Leadership Selection—David Wheeler

When Dominique Straus-Kahn resigned suddenly as head of the International Monetary Fund last May, the world was thrown unexpectedly into search for his successor. Within days, CGD launched a survey of the global development community opinion on three issues: the selection process, criteria for rating the candidates, and ratings for 15 candidates identified in international media.

A Moveable Feast of Meetings—Owen Barder

Owen BarderLast week finance ministers and central bankers from around the globe convened in Washington for the annual meetings of the international Monetary Fund and World Bank. While the press and many of the meeting participants focused on the unfolding European financial crisis, below the radar there was plenty of discussion on development issues, including on the legacy of the Seoul Development Consensus and the role of development in the upcoming G-20 Summit in France.

IMF Leadership Struggle and CGD Survey Results: Nancy Birdsall

The sudden resignation of Dominique Strauss-Kahn has sparked a global debate over the selection of the next head of the International Monetary Fund. French finance minister Christine Legarde, Europe’s nominee, has launched a round-the-world tour to promote her candidacy. Meanwhile, Agustin Carstins, the governor of the Bank of Mexico and the lone challenger so far to Europe’s renewed claim to lead the IMF, is seeking backing from European debtor nations and others by calling for greater flexibility in IMF bailout programs.

Against this background, CGD is pushing ahead with a survey on the selection process, qualifications and candidates for the IMF top job. I asked CGD president Nancy Birdsall, who has been arguing for a more open, merit-based selection process without regard for nationality, to join me on the show to share her views on the IMF leadership selection battle and the initial results from our survey.