IMF and World Bank Take On Istanbul: A Links Round-up

- Zoellick speech on the eve of Istanbul: Current upheaval = French revolution, Africa’s growth potential = Europe’s with Marshall Plan. Earth-shaking changes: "Bretton Woods is being overhauled before our eyes." - Impartial observers like Nancy Birdsall noticed more “the timidity of planned reforms” like glacial reform on quota/voting power at the IMF and the World Bank.

- A communiqué issued yesterday offered more of the same weak brew, and reiterated the World Bank’s imaginary new poverty numbers: “As a result of the crisis, by end-2010, some 90 million more people risk being forced into extreme poverty.”

- “To combat the staggering statistic,” reported the WSJ, the World Bank is now pushing for its first capital increase in 20 years.

- Everyone is squeezing on the World Bank to lend more money to poor countries without conditions. The UK said no more money for the Bank unless it could speed up loans to Sub-Saharan Africa. A group of African Finance ministers, represented by lavish aid recipient autocracy Ethiopia, asked for more money and more loans without conditions, like that tiresome governance crap.

- Should you need up-to-the minute updates on Zoellick's earth-shaking changes, you can follow the appointed World Bank/IMF “Tweeter-in-chief” who is live-blogging the conference, or try the tag #wbmeets for other tweets on the topic.

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Stories from around the web

First do no harm In today's FT supplement "The Future of Capitalism," Gary Becker and Kevin Murphy urge caution on government interventions designed to resuscitate the global economy. In the rush to do something rather than nothing, we run the risk of maiming the only system that can deliver growth to those parts of the world that have so far missed out on the gains of global capitalism. (The previously published online version is here.)

Moyo vs. Maathai: the next big debate in development?

On Slate.com, Frank Fukuyama argues that despite obvious differences, Dambisa Moyo and Wangari Maathai actually “have more in common than their authors may admit":

Both women see sub-Saharan Africa's fundamental problem not as one of resources, human or natural, or as a matter of geography, but, rather, as one of bad government. Far too many regimes in Africa have become patronage machines in which political power is sought by "big men" for the sole purpose of acquiring resources—resources that are funneled either back to the networks of supporters who helped a particular leader come to power or else into the proverbial Swiss bank account. There is no concept of public good; politics has devolved instead into a zero-sum struggle to appropriate the state and whatever assets it can control.

Keeping a watchful eye on the Gateses

Here and on this vigilant blog.

Can Twitter be a force for good in development?

Or is it just for self-serving or fraudulent celebrity positioning? Does anyone have some good counter examples to share?

Breaking News from the Onion: Ugandan Ambassador Seizes Control of the UN and Declares himself Secretary-General for life

Reporter: It’s extremely tense, Brandon, there’s no telling what a madman like Mtambe will do! As Secretary-General he has the ability to do anything, from outline the UN’s year long goals, to propose agenda items for consideration by the Security Council!

Anchor: I can’t imagine what it must be like for those ambassadors inside, having no idea what this maniac will decide to place on the preliminary list of matters to be included in the provisional dockets.

Reporter: It’s terrifying!

(Via Michael Kleinman)

How much is too much?

People had a lot to say to Chris Blattman’s question of whether development agencies should fly business class. One argument in favor of business class is that if development professionals aren’t well-compensated with perks and high salaries, aid agencies will lose out on the best talent and be stuck hiring third-stringers. Maybe these high salaries and deluxe perks are simply the price the market will bear for the most talented workers in the aid profession. But how much is too much? At what point does this outcome offend our sense of fairness and proportion? Canadian ICT blogger Steve Song poses a similar question about profits from Africa cell phone companies. When Kenyans are spending 50% of their disposable income on mobile communication from a part-government-owned provider with monopoly power, is it really a win-win situation?

Finally, a thoughtful post from Alex De Waal on the inverse relationship between violence and media attention.

Perhaps the most effective international measure to keep down lethal violence is the simplest: paying attention. And maybe everything else is secondary, including exactly what that attention is, and what is threatened in consequence….But if the intent is to solve the political problem generating the violence, then a different strategy is surely needed–one that is based on political analysis and diplomacy.

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