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Blog Post
December 22, 2017
Given that US foreign aid has always been linked to national security, how much of a departure is President Trump’s approach from that of previous administrations? And what should we expect to happen to the 128 countries that voted to express “deep regret” over recent decisions on ...
Blog Post
November 27, 2017
The purpose of this presentation was to use two cases of IMF-supported program conditionality to animate a discussion of the bridge between first-best policy advice and on-the-ground development policy in country-specific political economy contexts. Having been involved as Minister of Finance in the...
Blog Post
November 09, 2017
Penny Mordaunt has been confirmed as the UK’s new Secretary of State for Development. Coming fresh to an agenda can be a major asset, but it can be hard to pick out the things that really matter. As civil servants dust off their detailed briefs, we try to stand back and identify five...
Blog Post
November 08, 2017
World Bank President Jim Kim is hoping the bank’s 189 shareholders will agree to increase the current capital of the bank’s “hard” window sometime in 2018. But the US wants to link any support for a recapitalization to World Bank “graduating” China—and perha...
Blog Post
October 26, 2017
During the recent IMF and World Bank meetings, all eyes were on China. As the US administration contemplates scaling back its global economic engagement, China is doing the exact opposite. But there is increasing attention being paid to risks associated with Chinese financing on two fronts.
Blog Post
October 11, 2017
One form of soft power is concrete enough. That is, it’s literally concrete. And by a measure of bricks and mortar, it’s clear that the United States is rapidly losing the soft power game to China. In fact, the contrast between the two countries on display this week in Washington is star...
Blog Post
September 26, 2017
Germans have given Chancellor Angela Merkel a fourth term as chancellor, but once again without a parliamentary majority. It seems likely that Merkel will now try to negotiate a black-green-yellow “Jamaica coalition” (referring to the parties’ colors) with the Greens and the pro-business Liberals re...