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Monetary policy is one of a range of policies that require global coordination and, as September’s G20 summit in Petersburg is approaching fast, a new set of challenges is confronting the global economy. There are few alternatives to the G20 in providing such governance global public goods and even the G20 faces immense difficulties in doing this effectively. -

Jim Kim’s ‘science of delivery’: what role for politics?
When the World Bank adopts a new idea, trickle-down effects swiftly follow. So when Jim Kim, the Bank’s President, announces that ‘the science of delivery’ will be a hallmark of his tenure, we should all sit up, pay attention and ask the obvious question – the science of what?Recently, I’ve been conducting a strictly non-scientific survey aimed at answering that question.
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Telling countries they're the worst in the world doesn't really help them
'Ranking fragile states is pointless: citizens in countries like South Sudan are better placed to address weakness than outsiders.' -

Beyond development finance: what are the benefits of specific global policy changes?
Over the next year or so, expect a million reports called ‘Financing the post-2015 goals’ or a variant. Many will analyse what is known as ‘development finance’ which can be variously defined but basically means cross-border flows of money which have the promotion of development as a specific objective.
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Women traders buy fish from fishermen to trade at Ngwenye market in Mpulungu, Zambia
License: ODI given rights
Credit: Guy Oliver
Source: IRINLow income countries in the global economic recovery: strengths, vulnerabilities, role of the IMF
This roundtable explored the economic situation in low income countries (LICs) and the role of the International Monetary Fund.
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Ten steps to improve IMF performance in fragile states
Over the last ten years there has been a quiet revolution in how the International Monetary Fund (IMF) operates in the poorest countries. IMF conditionalities have eased and are increasingly focused on good financial governance. And its macroeconomic frameworks are more accommodating to governments’ long-term development plans. -

G-20 -- a starting gun for recovery
The G-20 Communiqué was published yesterday. Probably fewer than a dozen people in the world fully understand the numbers, but the words and numbers together secure gains for development and for the poor. The text provides a plan of attack, but also the standard by which leaders will be judged, particularly when the G-20 meets again later this year.The text says that ‘prosperity is indivisible’ and that the recovery plan must safeguard the needs and jobs of hard-working families in all the countries of the world.
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A Bank for the World – remaking the World Bank in a time of global financial crisis
With the international financial architecture under scrutiny in the current crisis, the World Bank is, inevitably, under the magnifying glass. As the world’s leading public financing institution it is well positioned to help developing countries respond to the current crisis and to tackle long term poverty and inequality. -

A new global order: Bretton Woods II...and San Francisco II
This article argues that the G20 summit in Washington must focus on an inclusive and dynamic renewal of the global development agenda - a task in which Europe has a vital role to play.
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The IMF Reform Package: Small progress towards increased representation for developing countries
Based on comments from the ODI/APGOOD Meeting ‘The Role of the IMF in low-income countries, and the role of low-income countries in the IMF: time for a change?’ 12 May 2008.In April, after several years of negotiation and discussion, the member states of the International Monetary Fund (IMF) approved a governance reform package.






