Member Views

Absolute Poverty Rises Amid Debt Distress and Corruption

BWC member Frank Vogl writes that "the era when IMF-austerity programs were seen as the solution, and where... IMF loans are negotiated behind closed doors between international bureaucrats and the senior assistants to kleptocrats regimes, needs to end."

Zambia and Zimbabwe Turnarounds Display Drastic Dichotomy

BWC member Gary Kleiman writes on African sovereign debt that "while Zambia has the outlines of a new debt beginning, its neighbour has yet to begin to dig out from... choices that have isolated it from global capital markets and its own people..."

The G20 Still Hasn’t Made a Breakthrough on Sovereign Debt Restructuring

"Zambia’s debt restructuring deal and the... Roundtable can be viewed as modest steps... to establish a well-defined set of principles and procedures to facilitate the restructuring of sovereign debt..." writes BWC member Hung Tran for the Atlantic Council.

Ian Qiu

Lastly this week we welcome new member Ian Qiu, managing director and head of US investment banking at CICC US Securities.

Ian has over fifteen years in investment banking.

We appreciate his support for our work and mission, and we look forward to his engagement!

CFA Institute

This week we also welcome new member CFA Institute.

They provide and aim to promote standards in finance education and ethics in the investment services industry.

We appreciate their support for our work and mission, and we look forward to their engagement.

Kurt Davis, Jr.

This week we welcome new member Kurt Davis, Jr., senior director at Alvarez & Marsal.

Kurt is also a member of the Council on Foreign Relations as well as a Marshall Memorial Fellow at the German Marshall Fund of the United States.

We appreciate his support for our work and mission, and we look forward to his engagement!

Xi Should Use His Sway Over Putin to Push Him to the Negotiating Table with Ukraine

BWC vice-chair William R. Rhodes writes in the South China Morning Post that Xi Jinping should "use his influence with Putin to push him to the negotiating table... after Ukraine’s counteroffensive."

China needs to change its "platitudes into a workable deal".

My Travels to Kosovo

BWC member Warren Coats recently published a new book, chronicling the work of the IMF teams he led to revive and transform the monetary system of Kosovo and some of the challenges and adventures they encountered in the process.

You can order it online now.

What to Expect from the Rest of the Year

BWC member Mark Sobel writes for the OMFIF that "in view of favourable inflation prints and softer employment data, markets no longer anticipate a September hike" and that "expectations of a US recession or hard landing continue to fade."

James Bergin

Lastly this week we welcome new member James Bergin, partner at Arnold & Porter Kaye Scholer LLP.

He previously worked at the Federal Reserve Bank of New York as deputy general counsel and senior vice president.

We appreciate his support for our work and mission, and we look forward to his engagement!