Earlier this month, the U.S. Senate confirmed three new board members to the U.S. Export-Import Bank (EXIM), giving it the quorum required to approve financing or loan guarantees larger than $10 million. There has not been a quorum at EXIM since July 2015 — in essence, EXIM has been nonfunctional since then. Although EXIM has …

Continue reading Stopping the buck: Reforming the EXIM Bank so that it can finally be reauthorized

Zimbabwe’s authoritarian government is working with World Bank staff and outside powers to get the creditors to clear billions in arrears and restart loans. Now is not the time for the World Bank to renew lending to Zimbabwe. The new government has made a long list of promises. They need to keep these promises before …

Continue reading Zimbabwe must prove itself before seeking World Bank loans

The Trump administration is pursuing the right policy of sanctions and diplomacy in support of Interim President Juan Guaidó of Venezuela. To its credit, the administration recognized the Guaidó government according to the Venezuelan Constitution and has led an international campaign to get other countries to do the same. With a big assist from Canada, …

Continue reading Rebuilding Venezuela after Maduro will require the US to front some money