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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.)

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.

SOTU 2014: The Developmentista Edition

This is a joint post with Erin Collinson.

President Obama will deliver his 2014 State of the Union speech Tuesday, January 28. We polled CGD experts to find out what they’re hoping to hear when the president addresses Congress and the nation.  Check out their oratorical contributions below and read about the development-related decisions and policies they would like to emerge in support of the rhetoric.

One Way Not to Leave Global Fund Money on the Table

President Obama earlier this week made a last minute appeal to donors to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Offering a US pledge of $1 for every $2 pledged by other donors for a total US pledge of up to $5 billion, the president said, “don’t leave our money on the table.” Well, the initial commitments are in, and it appears that there will in fact be US money left on the table. Donors to the Global Fund announced total pledges of $12 billion, suggesting a US commitment of about $4 billion.

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