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  • World Bank

    As Fed Tapers, More Central Bank Independence Needed

    This week finance ministers and central bank officials from around the world will converge on Washington for the spring meetings of the World Bank and the International Monetary Fund. Discussions of monetary policy normalization are leading this year’s expansive schedule. One notable item missing from the agenda is discussion of … More

    The World Bank Must Defend “Doing Business” Report

    Jim Yong Kim, president of the World Bank, faces perhaps the most critical decision in his presidency so far. He must defend the Bank’s annual “Doing Business” report from attacks by China and some nongovernmental organizations (NGOs). His failure to do so will have far-reaching negative impacts on the World … More

    America's Regulatory Competiveness Continues to Lag

    According to the World Bank’s just-released Doing Business 2013—which looks into various reform measures to rank 185 economies on the ease of doing business—the United States continues to trail Singapore, Hong Kong, and New Zealand. The only surprise is that the U.S. didn’t drop further in the rankings. According to … More

    CHART: Banking on the Private Sector

    In his October 1 speech to the 45th Annual Meeting of the Association of American Chambers of Commerce in Latin America, World Bank President Jim Yong Kim made his pitch to (re)assure private business leaders that he is serious about private-sector-driven economic growth and development. In a rather confessional tone, … More

    Council of the Americas Honors Argentine Government in Wake of Repsol/YPF Seizure

    Argentina’s vice president, Amado Boudou, is confirmed to speak tomorrow at the annual Council of the Americas (COA) meeting at the Inter-American Development Bank in Washington. COA is an association of international businesses founded in 1965 by David Rockefeller that promotes “open markets, the rule of the law, and democracy … More

    Index of Economic Freedom: A Must Read for Dr. Kim

    Dr. Jim Yong Kim, the U.S. nominee for the next chief of the World Bank, has been on a “global listening tour.” Kim’s meet-and-greet tour has been billed as an opportunity “to solicit input and ideas on priorities for the World Bank.” Before embarking his expedition, Kim penned an op-ed … More

    Free Trade Proposals Solutions to Tech Sector Job Losses

    The House Rules Committee advanced three proposals Wednesday that may help curb a growing problem for the nation’s economy: stagnant job growth in the technology sector. The three pending free trade agreements with Columbia, Panama and Korea are up for full House approval next week. Senate Republican Minority Leader Mitch … More

    Winning the War on Poverty: Reevaluating the UN Millennium Development Goals

    The United States spent $28.7 billion dollars in 2009 on official development assistance, more than any other country in the world. There is no denying that many people in poor nations live in desperate conditions and Americans rightly want to help them improve their lives. In an effort to measure … More

    Indonesian Finance Minister Departure No Win-Win

    The economic world for good reason is focused intently on Greece and the potential for financial contagion in Europe.  But there’s been another interesting development on America’s Pacific-side.  One of the of most talented public servants in Indonesia, Finance Minister Sri Mulyani Indrawati – by some accounts, the world’s best … More

    Big Spending Obama is Back Today

    Yesterday President Barack Obama asked his cabinet to make a total of $100 million in cuts among their departments. That was “fiscally responsible” President Obama. We like him. We just wish we got to see him more often. Today, “reckless spending” President Obama is back at work, following through on … More