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ESSAYS
July 19, 2017
The Asian Infrastructure Investment Bank (AIIB) has enjoyed considerable success in its young life. The challenge going forward is to translate this resounding political success into operational effectiveness and sound strategy. Given the political dimensions of this new institution, it is also wort...
ESSAYS
May 04, 2015
Last year, the Asian Development Bank (ADB) management proposed a major financial restructuring that would increase the amount of bank capital available for investment. This proposal offers many benefits in and of itself. But it also creates an opening for additional and complementary changes in gov...
ESSAYS
January 29, 2015
With two major announcements on trade and climate at November’s APEC meetings, the United States and China have leaped into a highly productive bilateral relationship in the economic sphere. It’s all the more striking then to hear the discordant tone struck around the Asian Infrastructure Investment...
ESSAYS
January 07, 2014
The World Bank should declare the IDA-17 replenishment its last and move to replace it with a broader bank resource review. Sticking with the status quo risks an underfunded institution and one that is increasingly isolated from its shareholders (yes, that would be a bad thing).
ESSAYS
December 17, 2013
Originally published in Foreign Affairs.
On May 29, 2013, British immigration officers raided the Alternative Tuck Shop, a café just down the road from Oxford University’s economics department, where South Asian and Middle Eastern employees serve tea, scones, and sandwiches. The ...
ESSAYS
October 15, 2013
Afghanistan’s progress against mortality reflects the success of providing health aid that differed radically from the bulk of American aid to Afghanistan during the war. The USAID program that contributed to the decline was a multilateral effort coordinated by Afghanistan’s own Ministry...
ESSAYS
July 12, 2013
The World Bank should be ambitious in working toward clean energy approaches in its development strategies, but it would be a mistake to definitively rule out coal in all circumstances. Such a decision would be bad for development and would also undermine the very goals that the bank’s coal critics ...
ESSAYS
June 14, 2012
For all of its attractions, the charter city model – and the Honduran plan in particular – still faces significant challenges before it can muster the kind of widespread support from potential partners it needs to succeed. What follows are three big questions we think supporters of the new Honduran ...