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June 6, 2023

Turkey
Turkey’s Increasing Balance Sheet Risks

Turkey is heading for a classic currency crisis.  All of its reserves and then some are borrowed.

Turkey’s Increasing Balance Sheet Risks

July 28, 2022

Emerging Economies
Debt Distress: Can Emerging Markets Withstand Rising Costs?

Struggling to make ends meet as inflation and interest rates climb, many emerging markets will have to pursue difficult debt restructuring with international creditors.

People block a main road as they wait for gas trucks to arrive in Colombo, Sri Lanka.

November 26, 2021

Middle East and North Africa
Erdogan Has Never Been in This Much Trouble

Surrounded by rivals amid a collapsing economy, the Turkish president is facing the longest odds of his life. 

Turkish President Recep Tayyip Erdogan speaks at a lectern. There are Turkish and AKP flags behind him.

April 8, 2022

Middle East and North Africa
Why Israel Has Been Slow to Support Ukraine

Israel’s government is grappling with a moral imperative to help Ukraine in a war that recalls its own struggle to maintain sovereignty while acknowledging that cooperation with Russia is vital to it…

Three Orthodox Jewish men walk past a massive Ukrainian national flag that is projected on the walls of Jerusalem's Old City.

February 1, 2021

Democracy
After the Capitol Riot, Biden’s Summit for Democracy Is More Needed Than Ever

Now more than ever, democracy’s champions need to hang together. The Biden administration should approach its proposed Summit for Democracy in the spirit of humility rather than hubris.

National Guard members stand guard outside the U.S. Capitol ahead of U.S. President-elect Joe Biden's inauguration, in Washington, DC, on January 17, 2021.