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CGD research explores how international financial institutions such as the International Monetary Fund, World Bank, multilateral development banks, and other international development agencies can become more responsive to the needs of developing countries. The Center’s work concerns itself with the future of these institutions, all of which are facing shifts in demand for their traditional services, the emergence of new institutions, and reform of their leadership selection processes.
UN Secretary-General Ban Ki-moon yesterday named former Chilean president Michelle Bachelet to head UN Women (full name: UN Entity for Gender Equality and the Empowerment of Women), a new UN entity. Congratulations to Dr. Bachelet!
While the selection process was criticized for lacking openness and transparency, I hope that those of us, like me, who have been awaiting this appointment will put that concern behind us and let her get on with the job. In many ways, Michelle Bachelet is the ideal candidate, with the right credentials to make this important new entity function effectively:
Later this month, world leaders will meet at the UN in New York City to discuss accomplishments and challenges to meeting the Millennium Development Goals (MDGs) by the 2015 target. While their discussions will cover a range of topics and strategies, summit participants should remember the importance of trade as a development tool.
Trade preference programs can encourage investment, promote prosperity and ultimately reduce poverty in the world’s least developed countries.
As Pakistan struggles to cope with the worst flooding in the country’s history, international donors have contributed upwards of $800 million to humanitarian relief efforts. (See here for the UK’s Guardian newspaper’s ongoing tracking of individual donor pledges to Pakistan’s floods.) The full cost of rebuilding Pakistan’s flooded regions is still being calculated, and will no doubt be staggering. The Asian Development Bank has already pledged $2 billion to the recovery and reconstruction efforts and the World Bank another $900 million. Most other international donors have yet to announce their contributions to the mammoth rebuilding effort that is to come.
As background, this post lays out how much the United States and other international bilateral and multilateral donors were already giving to Pakistan, before the floods. These aid figures were compiled earlier this year, and do not take into consideration any reprogramming or redirection of funds towards flood relief and recovery. As donors adjust their assistance plans, we will continue to track the numbers, and will update our “Aid to Pakistan by the Numbers” page. Check back for more! You’ll find raw data for all of the charts in this post here.
This is a joint post with Wren Elhai, and first appeared on Foreign Policy's AfPak Channel.
"Heart-wrenching," said U.N. Secretary General Ban Ki-Moon Sunday upon surveying Pakistan's ongoing floods. The U.N. chief called the floods "the worst natural disaster" he said he had ever seen. The numbers explain why. More people have been affected by Pakistan's catastrophic floods than any other natural disaster on record -- over 20 million and counting. That's more than were affected by the 2005 Pakistan earthquake, the 2004 Asian tsunami, and this year's earthquake in Haiti combined. As millions of dislocated Pakistanis search for shelter and food and as health conditions deteriorate and disease spreads, the need for an immediate, large-scale humanitarian response is urgent. And this is just the beginning. Once the floodwaters subside from Pakistan's swollen rivers, the task of rebuilding will be staggering - with a price tag in the billions, and lasting for years to come. The effectiveness of the response to these relief and rebuilding challenges will have serious implications for the wellbeing of the country's citizens, for the peace and stability of Pakistan and the entire South Asian region, and for U.S. national security.