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Event Recap

Jun 2, 2020

Afreximbank president champions African free trade alongside COVID-19 response

By Africa Center

On Tuesday, June 2, the Africa Center hosted Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), for a discussion on innovative financing amid COVID-19.

Africa
Coronavirus

New Atlanticist

May 27, 2020

Suma Chakrabarti says EBRD is committed to financing post-coronavirus recovery

By Larry Luxner

Unlike the much larger International Monetary Fund (IMF) or World Bank, the London-based European Bank for Reconstruction and Development (EBRD) stands out as being the only international financial institution that will focus its 2020-21 activities exclusively on the COVID-19 pandemic.

Coronavirus
Inclusive Growth

New Atlanticist

May 27, 2020

A new era in financial diplomacy: The third evolution of Bretton Woods

By Michael Greenwald

China has made significant waves by introducing its own digital yuan this past month. The United States should turn to its allies for support and cooperation in building an alternative to the Chinese solution for digital currencies.

China
Digital Currencies

New Atlanticist

May 26, 2020

The WTO needs a new DG: No time for business as usual

By Marc L. Busch

Will the WTO finally pick a woman? Which continent “gets” the slot? And does the institution need someone from a developing country? These questions merit attention, but first, it’s time to ask why this isn’t “business as usual.”

International Financial Institutions
Trade and tariffs

In the News

May 20, 2020

Director Josh Lipsky and Jeremy Mark’s Op-Ed in Project Syndicate on Debt Relief for Developing Countries

By Josh Lipsky

Read the full article here.

International Financial Institutions

New Atlanticist

May 18, 2020

Partial Eurobond not the answer to Europe’s coronavirus economic downturn

By Bart Oosterveld

Some have argued that a partial Eurobond instrument, backed for example by France, Italy, and Spain, could be set up as a risk sharing and/or solidarity tool to partially finance the recovery out of the economic downturn caused by the pandemic. This is a truly awful idea as such an instrument would deliver none of the potential benefits of a Eurobond, while simultaneously creating asymmetric risks on capital markets.

Coronavirus
European Union

In the News

May 14, 2020

Director Josh Lipsky Quoted in NY Times on Roberto Azevedo’s Resignation from the WTO

By Josh Lipsky

Read the full article here.

International Financial Institutions

UkraineAlert

May 13, 2020

Ukraine approves crucial anti-oligarch banking law

By Anders Åslund

Ukrainian MPs have adopted legislation to prevent former owners regaining banks nationalized during recent reforms. The move is a blow to Ukrainian oligarch Ihor Kolomoiskiy and paves the way for a new IMF program.

Corruption
Economy & Business

New Atlanticist

May 11, 2020

How to deal with the coming pandemic debt crisis?

By Hung Tran

Even if inflation and interest rates remain low, the burden of servicing a quickly growing volume of debt will crowd out other important public expenditures, escalating the political fight over budgetary priorities amidst heightened social tension. It is important to have a public debate about post-pandemic fiscal strategy which is effective and equitable to deal with the aftermath of the crisis.

Coronavirus
International Financial Institutions

New Atlanticist

May 5, 2020

Can we compare the COVID-19 and 2008 crises?

By Marc-Olivier Strauss-Kahn

There are more differences than similarities in comparing both crises, and others may still emerge as time goes. History doesn’t repeat itself; it stutters. And, of course, what will matter afterwards is to really draw the appropriate lessons to revisit our development models and better prevent and/or limit future crises.

International Financial Institutions
Macroeconomics

Experts