A multi-year project just came to fruition with the endorsement by the Board of the World Bank of its new set of safeguards—the social and environmental standards that govern Bank-funded projects in client countries. CGD's expert on multilateral development banks, senior fellow Scott Morris, reacted to the new policies in a recent blog post, and joins me this week on the CGD Podcast to discuss.
CGD Policy Blogs
Depending on who you listen to, the World Bank has either just launched an unprecedented reach into the domestic political affairs of sovereign nations, or it has gutted the rules that have helped define its essential character as a global norm-setter. Both can’t be right, and most likely, neither is. To better understand the objectives of the bank's newly adopted “safeguards” regime, and why I’m somewhat encouraged by it, it’s worth looking more closely at the arguments of critics on both sides.
Yesterday, USAID Administrator Gayle Smith delivered her first major policy speech in a cavernous Capitol Hill auditorium that was filled to capacity. Introducing USAID’s new head, Senator David Perdue expressed hope that Smith would have more time in the job than she thought she would. That’s remarkably high praise from a Republican senator in a year that will mark the end of the Obama administration.
After two and a half great years as director of CGD’s Rethinking US Development Policy initiative, I’m handing over the reins to my colleague Scott Morris. Many of you will know Scott as a CGD Senior Fellow with deep experience from the Treasury and on Capitol Hill. He’s a thought leader on many US development issues, especially the multilateral development banks and international debt. Rethink could not be in better hands as we start thinking about a new administration and Co