CGD Policy Blogs
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.
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.