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Blog Post
December 17, 2015
Congress finally gave the administration what it has been asking for on IMF quota reform, and then some. At the same time, Congress didn’t just give the administration the ability to go forward on governance reform that gives more voting power to rising developing countries. It also incl...
TESTIMONY
October 13, 2015
From the testimony: “And while the United States was roundly criticized for its handling of this episode, I think much of that criticism was misguided in putting the focus on the short term bungling of diplomatic outreach, or Congress’s failure to pass IMF reform. Both are relevant, and I very much...
Oct
1
2015
2:00—3:30 PM
September 11, 2015
Against the backdrop of uncertainties in the global economy and weakening growth in many developing countries, the World Bank Group approaches its annual meetings in Lima, Peru. In a year of renewed ambition on development goals and development financing globally, reflected in major agenda setting c...
WHITE HOUSE AND THE WORLD POLICY BRIEFS
July 20, 2015
US leadership in multilateral institutions such as the World Bank and regional development banks is flagging. These institutions, rated as some of the most effective development actors globally, provide clear advantages to the United States in terms of geostrategic interests, cost-effectiveness, and...
Blog Post
July 10, 2015
My earlier post on congressional funding for multilateral institutions betrayed little optimism about the Senate’s willingness to restore devastating funding cuts imposed by the House of Representatives. I had no idea.
The newly released Senate funding levels are just bare...
Blog Post
July 02, 2015
The Asian Infrastructure Investment Bank’s new articles of agreement contain a great deal of information about shareholding and governance in the new institution. However, the articles require some additional analysis in order to answer key questions about voting power and board comp...
Blog Post
June 30, 2015
The Chinese government has published the Asian Infrastructure Investment Bank’s (AIIB) newly adopted articles of agreement. That’s an encouraging early sign of transparency, and more importantly, of timely transparency. Much of what’s in the articles was foreshadowed by p...