With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
International Financial Institutions (IFIs) and particularly the relationship between the IFIs and the United States.
Scott Morris is a senior fellow at the Center for Global Development and director of the US Development Policy Initiative. This initiative seeks to broaden the US government’s approach to development, including the full range of investment, trade, and technology policies, while also strengthening existing foreign assistance tools. Additionally, he works on issues related to the International Financial Institutions (IFIs) and particularly the relationship between the IFIs and the United States. Morris served as deputy assistant secretary for development finance and debt at the US Treasury Department during the first term of the Obama Administration. In that capacity, he led US engagement with the World Bank, Inter-American Development Bank, African Development Bank, EBRD, and Asian Development Bank. He also represented the US government in the G-20’s Development Working Group and was the Treasury’s “+1” on the board of the Millennium Challenge Corporation. During his time at Treasury, Morris led negotiations for four general capital increases at the multilateral development banks and replenishments of the International Development Association (IDA), Asian Development Fund, and African Development Fund.
Before his post at the US Treasury, Morris was a senior staff member on the Financial Services Committee in the US House of Representatives, where he was responsible for the Committee’s international policy issues, including the Foreign Investment and National Security Act of 2007 (the landmark reform of the CFIUS process), as well multiple reauthorizations of the US Export-Import Bank charter and approval of a $108 billion financing agreement for the International Monetary Fund in 2009. Previously, Morris was a vice president at the Committee for Economic Development in Washington, DC.
To get a sense of what this trip means for Obama’s African legacy and the expectations of his hosts, I invited CGD vice president Todd Moss and visiting fellow Scott Morris to be my guests on this week’s Wonkcast. Todd and Scott served as deputy assistant secretaries in the George Walker Bush and Obama administrations, respectively, Todd in the State Department (where he was oversaw US relations with west Africa) and Scott at Treasury (where he was responsible for the US role in multilateral institutions, including the African Development Bank). I’m eager to hear whether or not their views differ on how Obama can best build a stronger relationship with Africa.
Scott Morris is quoted in a Reuters article about the World Bank's annual "Doing Business" report.
From the article:
The World Bank on Friday said it intends to keep ranking nations on the ease of conducting business, despite criticism from countries like China that feel the scorecard unfairly stigmatizes fast-growing developing economies.
World Bank President Jim Yong Kim said the Bank is committed to keeping its flagship "Doing Business" report, including the rating, which compares the ease of starting and conducting a business in 185 countries.
Shortly after coming to the World Bank last July, Kim appointed an independent panel to review the report and make recommendations about its future. The World Bank's board discussed the panel's findings on Friday, and they will be released publicly in coming weeks.
Scott Morris, a former U.S. Treasury official, said Kim was motivated to appoint the panel because several board members were very critical of the report last summer and wanted it abolished.
Morris, now a visiting fellow with the Center for Global Development in Washington, said some countries were uncomfortable with the transparency of the ranking system, posing a dilemma for the World Bank on its role and whether it should rank its members.
Read it here.
LBJ did it. So did Bill Clinton. Gerald Ford did it twice, Jimmy Carter did it just five weeks before being voted out of office, then Ronald Reagan turned around and did it the following year, and three more times after that.
As expected, the president’s budget includes a request for Congress to approve US participation in the 2010 IMF quota reform agreement. There’s a very strong case for approving the request, and I’ll simply point you here, here, and here to read it in detail. Suffice it to say, the IMF is a bargain for US taxpayers, promoting growth and stability globally in ways that directly benefit the US economy and often working in support of US strategic interests around the world.
In this series of briefs, Center for Global Development experts present concrete, practical policy proposals that will promote growth and reduce poverty abroad. Each can make a difference at virtually no incremental cost to US taxpayers. Together, they can help secure America’s preeminence as a development and security power and partner.