East Asia and Pacific
We are happy to announce that Christine Bowers has joined the PSD Blog. She just recently joined the WB-IFC Private Sector Development Vice-Presidency, so hopefully will bring with her a nuanced perspective to the issues we try to tackle here.
Last week the World Bank hosted a two-day seminar on “Policies to Promote Export Growth and Diversification,” including a particularly interesting session on export and FDI promotion institutions moderated by guru Andrew Singer. The overarching theme: Be realistic about what these types of institutions can accomplish, and avoid creating big institutions that are just “window-dressing”.
IMF managing director Rodrigo de Rato has proposed that John Lipsky, currently Vice-Chairman of JPMorgan, be appointed as the IMF's first deputy managing director. He would be succeeding Anne Krueger, who retires in August.
de Rato also announced a high-level committee to think about the IMF's financial model and its long-term sustainability. Greenspan and El-Erian are just some of the names on board.