[Even if the Taliban could get money from the IMF...the process] would take, I think, months at the earliest, if at all. [...] The U.S. still retains a lot of political heft in the global, political and economic systems to twist some arms. The Taliban are not going to be popular.
The dilemma society faces is: do we really want a central bank to know all about our financial lives? The great irony is that the revolution that bitcoin set off could be the end of [financial] privacy.
The IMF and the World Bank early on understood that the crisis and the economic recession … would be very broad and very deep . . . [Their push on the G20 to suspend debt payments for dozens of low-income countries] was the first major step in ensuring that the pandemic didn’t trigger a debt crisis that could have longer term consequences.
[On provisions related to cybersecurity in USMCA and a digital trade agreement between the U.S. and Japan] It's about information sharing and so forth, but I think it's clearly the beginning of what I would expect to be a more elaborated set of ways that trade partners can cooperate on cyber issues, because I think this will be an increasingly important part of trade policy going forward.
There's a whole big segment in most developing countries that don't have access to traditional lending mechanisms, and digital is much quicker, transparent and equitable. And there's less opportunity for corruption. You don't have the middleman.