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August 15, 2024

Monetary Policy
What Is the U.S. Federal Reserve?

Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its …

A stone bald eagle perches on the Federal Reserve building in Washington, DC.

September 20, 2024

Lebanon
What Is Hezbollah?

Military experience gained fighting in Syria’s civil war and generous support from Iran have made the Shiite militant group a formidable foe for Israel. But at the same time, its political clout amon…

 A man bearing a Hezbollah flag leads ranks of militants through Beirut’s southern suburb.

October 31, 2023

Latin America
What Does the Inter-American Development Bank Do?

The Inter-American Development Bank aims to bolster economic and social development in Latin America and the Caribbean, but critics say reforms are needed.

A sign promotes the IDB Board of Governors meeting in Panama City, Panama, in March 2023.

October 3, 2019

Eurozone
The Role of the European Central Bank

As Europe has weathered a succession of economic crises, the European Central Bank has responded with an aggressive set of monetary policies that have redefined the bank’s original mandate.

Workers repair the euro sign in front of ECB headquarters

October 12, 2023

International Organizations
The World Bank Group’s Role in Global Development

Since its founding in 1944, the World Bank has evolved from a lender focused on European reconstruction to the preeminent international institution for economic development and poverty reduction.

A woman reads in front of a chalkboard in an outdoor classroom in Niger.

July 13, 2023

Latin America
Central America’s Turbulent Northern Triangle

The United States continues to seek strategies for responding to the growing number of migrants fleeing poverty, violence, and other challenges in the Central American region.

The casket of a migrant teenager who suffocated in a truck in Texas is buried in Guatemala.

March 11, 2022

European Union
How Does the European Union Work?

The European Union has navigated a thicket of external and internal crises in recent years, including mass migration and Brexit. What are the union’s core institutions, and what roles do they play?

The chamber of the European Parliament during a voting session at the EU parliament's headquarters in Strasbourg..