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CGD Policy Blogs

 

At Long Last, A Paris Club Deal with Argentina. But What Will Congress (and the Lobbyists) Think?

In the world of sovereign debt workouts, the relationship between Argentina and the Paris Club has tended to look like Lucy, Charlie Brown, and the football. Time and again, Argentina (Lucy) would earnestly declare interest in striking a deal to repay its debt to club creditors only to pull back at the last minute. So imagine everyone’s surprise at this week’s announcement that Charlie Brown finally got to kick the football.

It’s Spring Meeting Time in Washington, and the World Bank’s Finances Have Never Looked Better. Time for a Bank Resource Review.

The World Bank’s governors will meet this weekend to check in on president Jim Kim’s ambitious reform agenda. Anticipating the weekend’s meetings, the bank has rolled out a series of measures through press releases and speeches over the past two weeks, including the announcement of new global practice leaders, a set of financing measures to boost the bank’s lending capacity, and a completed IDA-17 replenishment agreement.

Carrots for Ukraine, Sticks for Russia: What the International Financial Institutions Can Do in Response to Crimea

The IMF, World Bank, EBRD, and the European Investment Bank have all emerged as significant players in the dramatic events in Ukraine in recent weeks. The Obama administration has very visibly sought to educate Congress on the central role of the IMF in helping to shore up the country’s shaky economy. And the three development banks have figured prominently in press releases coming from the European Union and the United States as a demonstration of the international community’s support for Ukraine’s interim government.

Reviving the G-20 Infrastructure Agenda – Scott Morris

My guest on the Wonkcast this week is Scott Morris, a senior associate here at CGD and former deputy assistant secretary at the US Treasury, where he oversaw US ties with the multilateral development banks.

Scott recently led a study group of CGD colleagues and outside experts that reviewed G-20 efforts to increase financing for infrastructure in developing countries. The group produced a short note proposing five new deliverables for the G-20 on infrastructure finance. (See Scott’s blog post with Madeleine Gleave for an even shorter version.)

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