Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Response to the 2004 State of the Union Address

In the 2004 State of the Union address, President Bush set out for the American people, indeed for the world, his vision of "A Nation with a Mission." Last year, President Bush announced in his State of Union address a new $15 billion initiative to fight the HIV/AIDS pandemic in Africa and the Caribbean. This year, there was no mention of the U.S. role in fostering prosperity in the world's poor countries. Despite dedicating a large portion of his address to foreign policy, President Bush’s focus on the international arena was too narrow.

Providing New Financing to Low-Income Countries with High Levels of Debt: Some Considerations

Low-income countries with high levels of debt face a dilemma when considering new financing. Additional funding is needed to meet key development objectives, but too much new financing in the form of debt can exacerbate debt problems. Countries that borrow too much – even on concessional IDA terms – can quickly find themselves facing rapidly rising debt ratios that could threaten debt sustainability in the future.

How to Travel Africa On the Cheap

U2 Front Man Bono and US Treasury Front Man Paul O’Neill may have had a few differences during their Africa tour, but they clearly agree that Africa needs increased market opportunities.

Resolution of Argentina's Financial Crises

Aware of the crucial importance for Latin America of reaching a prompt and effective solution to the current financial problems in Argentina, this statement reflects the assessment and recommendations of the Latin American Shadow Financial Regulatory Committee (LASFRC) for moving towards that end. The statement has three parts. First, it identifies the major features and problems facing the Argentine banking system. Second, it assesses alternatives for crisis resolutions. Third, it advances on general lessons applicable to the region.

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