Ideas to Action:

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CGD Policy Blogs

 

One Way Not to Leave Global Fund Money on the Table

President Obama earlier this week made a last minute appeal to donors to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Offering a US pledge of $1 for every $2 pledged by other donors for a total US pledge of up to $5 billion, the president said, “don’t leave our money on the table.” Well, the initial commitments are in, and it appears that there will in fact be US money left on the table. Donors to the Global Fund announced total pledges of $12 billion, suggesting a US commitment of about $4 billion.

Coal or No Coal? A Burning Question for the World Bank

Over the past few months, quite a bit of high-level rhetoric has surrounded World Bank funding of coal projects in developing countries. On one side, Christiana Figueres, the executive secretary of the UN Framework Convention on Climate Change, stated that “it is no longer necessary [for the World Bank to invest in coal projects] because we have many other technologies that can come forward.” On the other side, World Bank president Jim Kim stated that “we will look for everything we can possibly do to avoid [coal projects] but look, poor people should not pay the price with their lives of mistakes that people have been making in the developed world for a very long time.”

Don’t Count the IMF Out on the Hill

As expected, the president’s budget includes a request for Congress to approve US participation in the 2010 IMF quota reform agreement.  There’s a very strong case for approving the request, and I’ll simply point you herehere, and here to read it in detail.  Suffice it to say, the IMF is a bargain for US taxpayers, promoting growth and stability globally in ways that directly benefit the US economy and often working in support of US strategic interests around the world. 

Smoke Signals from Manila?

Morris, a newly arrived CGD visiting policy fellow, was previously the deputy assistant secretary for development finance and debt at the U.S. Treasury Department, where he led US engagement with the multilateral development banks.