After some modest tweaks over the years, the trade component of the Commitment to Development Index got a makeover in 2013—not a new face, but a nip and tuck here and there. The latest CDI includes a more direct measure of tacit barriers to trade from the World Bank’s Doing Business indicators on the time and cost to import, exclusive of tariffs. The trade component also now recognizes the growing importance of trade in services—and barriers to it—thanks to another team of World Bank economists that developed the Services Trade Restrictiveness Index.
CGD Policy Blogs
On Tuesday, the Senate Foreign Relations Committee held a hearing on the nomination of Dana Hyde to be the new CEO of MCC, as well as Mark Lopes to be the US executive director of the Inter-American Development Bank. The short hearing (attended by Senators Markey and Barrasso, chair and ranking of the International Development Subcommittee) was largely positive toward both MCC and Hyde.