Foreign Policy—In new directive, Obama signs off on development review
President Obama has signed a directive authorizing a U.S. government-wide review of global development policy, according to sources briefed on the review by the White House, Foreign Policy Magazine reports. The review, expected to be completed by January, is being formally co-led by National Security Advisor Gen. Jim Jones and chairman of the National Economic Council Larry Summers. Development hands say the move is important because it signals the intent to reach across government agencies to think through a more coordinated and strategic approach to development policy.
Reuters—UN talks hope to improve climate data and aid poor
Delegates from 150 nations met in Geneva on Monday to try to plug gaps in climate information to help the world cope with global warming and threats like floods, wildfires and rising sea levels. The August 31 to September 4 World Climate Conference aims to improve everything from weather monitoring to distributing forecasts, especially to help poor nations adapt in areas such as health, agriculture, fisheries, transport, tourism and energy.
Reuters—G20 to focus on stimulus, exit strategies: Lipsky
The Group of 20 nations at a meeting this month should recommit to providing stimulus to ensure the world economy recovers in 2010 while also starting to plan stimulus exit strategies, a senior International Monetary Fund official said on Monday. The IMF has predicted the world economy will expand 2.5 percent next year after shrinking 1.4 percent this year, assuming G20 economies continue to implement stimulus measures they promised. The IMF has warned that withdrawing the stimulus too soon could disrupt next year’s expected recovery. Leaders from G20 industrial and developing nations meet in Pittsburgh on September 24 and 25.
Financial Times—Darling pledges $11bn for poor
The UK is prepared to pledge an extra $11 billion to the International Monetary Fund to help poorer countries hit by the recession, Alistair Darling, the chancellor, said yesterday. In the run-up to Friday’s meeting of finance ministers from the G20 group of countries, he called on Europe to increase its target for IMF funding from $100bn to $175bn.
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