Congratulations to our colleague Liliana Rojas-Suarez, named by the Peruvian Chamber of Commerce as economist of the year. Past winners include Hernando de Soto and Julio Velarde of Peru. The annual award recognizes Liliana’s many contributions on financial sector challenges and related development issues in emerging market econo
CGD Policy Blogs
This is a joint post with Nancy Birdsall.
In a recent interview with the Associated Press, USAID Administrator Rajiv Shah stated that the United States will be working to significantly decrease the number of development projects it is currently supporting in Pakistan, from the current 140 to 35 by the end of September 2012. In Dr. Shah’s words, “If we [the U.S.] are trying to do 140 different things, we are unlikely to do things at scale in a way that an entire country of 185 million people can see and value and appreciate. We are just far more effective and we deliver much more value to American taxpayers when we concentrate and focus and deliver results.” Shah goes on to clarify that the United States will not be cutting back on the overall amount of assistance it provides: it plans to adhere to the Kerry-Lugar-Berman framework of $7.5 billion over 5 years.
I applaud Administrator Shah’s call for greater focus in the U.S. assistance portfolio and his explicit emphasis on “results.” After all, as my colleague Connie Veillette has pointed out, the Obama Administration’s Presidential Policy Directive (PPD) on global development explicitly called for greater emphasis on “selectivity” and “results” in U.S. development assistance.
After an unprecedented competition, with three official nominees, the World Bank announced on Monday that the board had selected Jim Yong Kim, the Korean-born U.S. nominee, as the next president of the World Bank. My guest on this week’s Wonkcast is CGD president Nancy Birdsall, who discusses why it matters who leads the bank and sets out key challenges for the incoming president.
Why the World Bank and its President Matter
It matters a lot who runs the World Bank and it matters how the president is selected. So it’s heartening to see the reforms to the World Bank leadership selection process making a difference this time. Multiple candidates have been nominated. Three will be interviewed by the bank’s executive board next week. For the first time since the bank was created in 1944 there is competition. The process is also more open than ever before.