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 here, here, 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.
CGD Policy Blogs
The World Bank just wrapped up a public consultation on the Doing Business report as part of a closely-watched independent review of the report led by Trevor Manuel.
I’ll tell you what I think about Doing Business, but first I need to let you in on a little secret about policymakers. Here it is: you need to keep it simple for them.
Will donors be able to “go big” on the African Development Fund (AfDF) this year, even if they want to? Here in the United States, budget austerity and restrictive funding rules stack the deck against any bold moves when it comes to multilateral contributions. But I think boldness in support of smart multilateral investments like AfDF may still be possible, and the United Kingdom’s multilateral aid review just might offer some clues on how to get there.
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.