May 3, 2012

Modest steps at the IMF

The biannual meetings of the world’s leading financial institutions, the International Monetary Fund and the World Bank, are generally pretty staid affairs — after all, how riled up can gatherings of central bankers and finance officials really get? In recent years, the answer is ...

Mar 30, 2012

Surprising choice for World Bank

U.S. President Barack Obama has named Dr. Jim Yong Kim as his nominee to lead the World Bank. In the past, that would have been the end of the process — Washington spoke and the bank complied. It is still probable that Mr. Kim ...

Mar 12, 2012

Foreign aid: sop to conscience and bad policy

by Ramesh Thakur

When India selected 126 French Rafale fighter aircraft (£13 billion) over the U.K.-manufactured Typhoon involving a consortium of European countries, some British politicians and commentators demanded that aid to “ungrateful” India, a fast-rising economic power, be stopped. The press dredged up Finance Minister Pranab ...

Mar 2, 2012

Containing the European crises

The Group of 20 finance ministers and central bankers who ended their latest meeting Sunday in Mexico City devoted a lot of time to discussing the European sovereign debt crises and stressed the importance of the eurozone nations’ forming a united front to solve ...