Lone Sharks supporter Scott Morrison gives out Wallabies rugby jerseys to Pacific Islands leaders after the Asia-Pacific Economic Cooperation forum in Port Moresby. There will be fewer hand-outs in future. AAP Image/Mick Tsikas

If there’s one thing Pacific nations don’t need, it’s yet another infrastructure investment bank

The strength of Australian aid is that it has been fully grant-based. Offering Pacific nations debt-based development financing instead is no way to win friends.
Christine Lagarde is the favourite to become the IMF’s new chief. AAP

Fund and games: loosening Europe’s grip on the IMF

Speculation last week that Paul Keating and Peter Costello could nominate for the top job at the International Monetary Fund (IMF) was a mere distraction, but the hoopla did manage to highlight a crucial…

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