The United States, as a founding member of the world’s most prominent international financial institutions (the World Bank and the International Monetary Fund) and a major financial contributor to regional financial institutions, has a direct interest in their management and activities. It should use its voice and vote to ensure that American taxpayer contributions are being used in a manner that promotes stable economic growth and development in recipient countries and the global economy.
The International Monetary Fund’s (IMF’s) 66-page report on its 2014 consultation with the U.S., pursuant to Article IV of the IMF’s Articles of Agreement, repeats a number of long-standing, orthodox, and desirable policy recommendations that urge the U.S. to confront its many long-term fiscal and monetary challenges. This year’s report also contains an unprecedented…
The International Monetary Fund’s (IMF) report on its 2014 Article IV consultation with the United States highlights the importance of securing a safer financial system. The IMF’s policy recommendations would, however, achieve the opposite while putting U.S. taxpayers at risk.
IMF Report Gets Housing Finance Wrong
For starters, the IMF report states the U.S. should…
The Overseas Private Investment Corporation (OPIC) provides political risk insurance, loan guarantees, and direct loans to U.S. and foreign companies to encourage investment in developing and emerging economies. OPIC artificially lowers the cost of such investments by having the U.S. taxpayer assume a portion of the risk of the venture—a classic case of socializing risk…
Goldman Sachs and other big banks have been accused of costing American consumers more than $5 billion over the past...…
In an April 2 speech, World Bank President Jim Yong Kim set out the ambitious goal of ending extreme poverty within a generation. Outlining a bold development agenda in advance of the World Bank–IMF spring meetings from April 19 to 21, Kim emphasized the importance of fostering “inclusive growth” and building “a science of delivery for development.”
The search for a…
President Obama is hosting the 38th annual G8 summit May 18–19 at Camp David. It is expected to be “a short summit of less than 24 hours, yielding only a five-page communiqué.” The deplorable reality is that in recent years, the credibility and relevance of the G8 summit has been increasingly tarnished. The annual summits have become little more than feel-good…
Abstract: Multilateralism is not an end in itself. It is one of many foreign policy tools, admittedly a very important one, in the diplomatic kit. For the United States, multilateralism faces its greatest challenge at the United Nations, where the all-too-frequent clash of worldviews between liberty and authoritarian socialism has stymied multilateralism more than…
~ The Sixth Annual Jesse Helms Lecture ~ The Jesse Helms Lecture Series highlights foreign policies that Senator Helms championed throughout his years in office. — Read more
In recent years, aggressive antitrust enforcement overseas has increasingly targeted some of America’s most successful and innovative companies, such as Apple, Google, Microsoft, and Qualcomm. — Read more
As the Obama Administration ends and a Trump Administration prepares to take office, Chairman Michael McCaul will deliver his annual “State of Homeland Security Address” — Read more
Co-hosted by~ The Impact of the National Elections on Energy and Climate Policy ~The Texas Public Policy Foundation and The Heritage Foundation are proud to — Read more
President-elect Donald Trump will face considerable challenges when it comes to U.S. nuclear weapons and missile defense policy. An increasingly dangerous geopolitical environment, capable — Read more
In recent years, the world has learned just what is required to bravely serve America through the navy’s most elite SEAL Team. Now, for — Read more
Few Americans have participated in – let alone led – revolutionary political change in Washington. Newt Gingrich has done so more than once. — Read more
~ A Russell Kirk Lecture ~As we approach the 100th anniversary of the Russian Revolution, Russian history seems all the more pertinent. The classic — Read more
As the Trump Administration prepares to take office, it must consider its strategy in Afghanistan, the country from which al-Qaeda launched the 9/11 attacks and — Read more
In the fall of 2014, the “umbrella movement” – so-called because of the umbrellas protesters carried for protection against rain and pepper spray – occupied — Read more
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