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CGD Policy Blogs

 

How the United States Can Lose Influence in Asia in 4 Easy Steps

Step One

Unilaterally seek to push Asia’s largest economy out of the Asian Development Bank’s club of borrowers. Never mind that China’s “graduation” from the ADB would weaken the institution financially and sever an important channel of influence and dialogue with Chinese officials.

African Regional Integration and the Fight Against Illicit Financial Flows

The African Development Bank estimates that illicit financial flows have drained in excess of a trillion dollars from Africa since 1980. These flows undermine the tax base, damage political institutions and exacerbate inequality. With major momentum behind global counter-measures, there are clear opportunities for progress at the regional level – including through stronger information exchange and cooperation, tax base harmonization and innovative uses of trade data.

Strengthening Capital Markets in Emerging Economies: Two Key Issues that the G20 Should Not Miss

The agenda for the G-20 finance ministers and central bank governors meeting in Sydney this weekend focuses on two themes: promoting stronger economic growth and employment and making the global economy more resilient. The G-20 leaders have recognized that expanding and strengthening capital markets in developing countries is crucial to both these goals and member countries have identified this as a priority issue for their deliberations.

The Rise of the Regionals

Lost in all of the noise of the post-Lehman crisis response was an important structural shift in the international development landscape: a much bigger footprint for the regional development banks relative to the World Bank.

Starting in 2009, the G20 pursued a number of measures to help developing countries weather the crisis, one of the most visible of which was an agreement to have the multilateral development banks (MDBs) lend aggressively into the crisis, paired with the commitment of new capital from the institutions’ shareholders in subsequent years.

Five Ways to Breathe New Life into the G-20 Infrastructure Agenda

The Australians are using their G-20 presidency to make a fresh start with the group’s infrastructure agenda, launching a new “Infrastructure and Investment” working group this week in Mexico City.

And not a moment too soon. A recent CGD study group Scott chaired concluded that this highly compelling agenda risks becoming a stale one absent some new approaches.