To boost the Bretton Woods institutions, and parry challenges from Beijing, Washington should give up the World Bank presidency.

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandat…

Corruption has become a burning political issue in South Africa, particularly in the final years of Jacob Zuma’s abridged term in office. The faces of South Africa's Zuma-linked corruption were the three Gupta brothers: Ajay, Atul, and Rajesh.

The Office of Foreign Assets Control (OFAC) of the U.S Treasury has formally sanctioned on October 10 members of the Gupta family and associates, who are members of a “significant corruption network in South Africa.” Under the sanction, all Gupta property in the United States is blocked and must be reported to OFAC.

Over at “India Ink,” the India blog of The New York Times, there’s a terrific interview with Ajay Banga—the CEO of Mastercard and the new chair of the U.S.-India Business Council. It’s a striking pre…