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I have to commend their opening of the data. I don't like what the data says, but at least we have the data to look at. I can't fathom that the US would pay $
by mchusma 15y ago
I have to commend their opening of the data. I don't like what the data says, but at least we have the data to look at. I can't fathom that the US would pay $1.5B in contributions in 2010 with our deficit problems and rapidly increasing debt to GDP levels.
Hopefully this is a trend and we can get the Fed on board with similar openness. Access to the information will help everyone have more intelligent conversations about what these entities are doing.
- nateberkopec 15y agoI would hope that when our budget deficit is measured in the trillions that our Congress doesn't look to World Bank contributions as the first thing to cut. The WB is a form of foreign aid. I'd think it's really one of the lower things on the list, especially when its overall impact on the deficit would be so small. EDIT: Additionally, the Fed releases quite a bit of data, including their balance sheet. What else would you like ot see them report?