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CGD Policy Blogs

 

Getting to Yes on a World Bank Recapitalization

World Bank President Jim Kim is hoping the bank’s 189 shareholders will agree to increase the current capital of the bank’s “hard” window sometime in 2018. But the US wants to link any support for a recapitalization to World Bank “graduating” China—and perhaps other member countries with good access to private capital markets who don’t seem to “need” the World Bank. There are sensible arguments on both sides of this divide.

Copenhagen: Why China is Mostly Right

China recently announced it will reduce the emissions-intensity of its economy (ratio of emissions to GDP) by at least 40-45 percent by 2020. But in Copenhagen it is resisting making that promise an internationally binding commitment. That’s a big problem for the U.S. negotiators, since the Congress is adamant: the U.S. will not commit until and unless the Chinese do too.

NATO Report on China Highlights Rural Challenge

The NATO Parliamentary Assembly has just released a report on “China's Development Challenge.” While the report discusses such topics as foreign investment and China’s energy needs, much of the analysis focuses on the challenge of rural development. This focus on the rapidly growing divide between China’s rural and urban economies and the fear of spreading rural unrest is correct: the problem has been growing for more than a decade.

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