This week, the Inter-American Development Bank’s governors gather for their annual meeting. Much is at stake as the region reels under the compound crises of COVID-19 and recession. But none of this urgency is yet evident in the IDB’s public case to its member countries.
CGD Policy Blogs
In a surprise move Tuesday, the US Treasury announced its intention to nominate Mauricio Claver-Carone to the presidency of the Inter-American Development Bank (IDB), a role traditionally held by a citizen of a borrowing member country from the region.
Yesterday we sent the following letter to U.S. Representative Nancy Pelosi (D-Calif.), the House Speaker, and U.S. Sen. Mitch McConnell (R-Ky.), the Senate Majority Leader, outlining measures that could be included in upcoming Congressional emergency legislation related to combating the coronavirus in developing countries. The text of the letter follows:
Dear Speaker Pelosi and Senator McConnell:
As markets respond to COVID-19, it looks increasingly likely that the IMF and multilateral development bank system will need to provide coordinated countercyclical support around the world.
Yesterday the World Bank announced $12 billion in financing available to member countries to respond to the health and economic impacts of the COVID-19 outbreak. There is not much information yet in the public domain on the sources and planned uses for this money, but five questions – each with additional corresponding questions – come to mind when reading the press release:
The US and China Have Very Different Takes on IDA and the Global Fund: Why that Matters for the Future of Multilateral Aid
When it comes to the United States, the reality is that the Global Fund is winning the fundraising game hands down. China, meanwhile, doubled its contribution to IDA—contrast that with the country’s longstanding indifference to the Global Fund. Clearly the world’s most important emerging donor views the multilateral architecture differently than the world’s most important traditional donor does.
Here at CGD, we’re always working on new ideas to stay on top of the rapidly changing global development landscape. Whether it’s examining new technologies with the potential to alleviate poverty, presenting innovative ways to finance global health, assessing changing leadership at international institutions, or working to maximize results in resource-constrained environments, CGD’s experts are at the forefront of practical policy solutions to reduce global poverty and inequality. Get an in-depth look below at their thoughts on the 2018 global development landscape.
What's going to happen in the world of development in 2018? Will we finally understand how to deal equitably with refugees and migrants? Or how technological progress can work for developing countries? Or what the impact of year two of the Trump Administration will be? Today’s podcast, our final episode of 2017, raises these questions and many more as a multitude of CGD scholars share their insights and hopes for the year ahead.
Here, CGD experts Amanda Glassman, Scott Morris, and Jeremy Konyndyk weigh in on some of the key points we heard (and live tweeted) during Secretary Tillerson’s testimony before the Senate Foreign Relations Committee and, later, when he answered questions from the Senate Appropriations Subcommittee on State, Foreign Operations, and Related Programs.
What Do the Trump Administration's Budget Cuts Mean—and What Do They Mask? – Podcast with Scott Morris and Amanda Glassman
What do the cuts mean for the people most affected and for America’s role as a global development leader? That’s the subject of this edition of the CGD Podcast.