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How We Can — and Should — Link Recovery Spending to Long-Term Transformation States and local governments should ensure that the new federal funds are invested in lasting economic development. There are lessons to draw upon from around the world. April 29, 2021 •  ShutterstockOver the next few months, states and local governments will begin to receive a once-in-a-generation windfall of federal funding from the American Recovery Plan and successive recovery programs. Much of this new money from Washington will rightly go toward meeting immediate needs and emergency recovery measures. B...

The global economy is projected to rebound from the effects of COVID-19 in 2021, but the world’s most fragile states may not share in the upswing. Saddled with economic collapse and soaring debt, developing economies are likely to be left further behind after shrinking about 5 percent last year, according to World Bank estimates. As a result, over 55 million people could be plunged deeper into poverty, fueling social and political grievances and increasing the risks of instability. Pedestrians fill a busy street in Nairobi, Kenya. June 9, 2020. (Khadija Farah/The New York Times) The dangers...

Ashraf Ghani Fast Facts Personal Birth name: Ashraf Ghani Ahmadzai Father: Shah Pesand Religion: Muslim Other Facts Ghani is a former US citizen who gave up his passport to run for the Afghan presidency in 2009. He was working at the World Bank in Washington during the September 11 attacks, and used the tragedy as a springboard for his re-engagement in Afghan politics, returning to his home country just months after the event. Was diagnosed with cancer and had to have part of his stomach removed. Hired Democratic pundit James Carville to manage his 2009 presidential campaign. His wife is Leba...