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September 29, 2004

Economic Crises
Bailouts or Bail-ins?

Roughly once a year, the managing director of the International Monetary Fund (IMF), the U.S. Treasury secretary, and, in some cases, the finance ministers of other G7 countries get a call from the f…

February 11, 2015

China
Will China Bail Out Russia?

Russia’s foreign exchange reserves have fallen by nearly 1/3 since October 2013; they’ve fallen 20% just since September 2014.  Whereas the country still has over $300 billion in reserves, about $…

Will China Bail Out Russia?

November 13, 2019

Nigeria
Nigerian Police Use Live Ammunition Against Peaceful Demonstrators

Nigerian media is reporting that on November 12, the Nigerian police fired live bullets to disperse those protesting the continued imprisonment of Nigerian journalist Omeyele Sowore. The media descri…

Protestors facing police hold signs that read "DSS Obey The Court," and other things.

November 1, 2019

Nigeria
The UN Should Speak Up About the Unlawful Detention of Journalists in Nigeria

On the same day that President Buhari spoke, his government ignored a court ruling ordering the release on bail of Mr. Omoyele Sowore, the founder of Sahara Reporters, a New York-based online news website that has reportedly extensively on government corruption in Nigeria. In fact, several Nigerian journalists and activists are unlawfully held in detention by the Nigerian government for reporting on widespread corruption and human rights violations. 

Police officers look on as Nigerians living in South Africa hold placards in protest against President Muhammadu Buhari.

August 21, 2019

Nigeria
Debt Servicing, Tax Revenue, and Oil in Nigeria

President Buhari is publicly asking the Federal Inland Revenue Service about its failure to meet tax-collecting targets since 2015. Nigerian Federal and state entities have borrowed so much money that debt service now consumes more than 70 percent of revenue, according to the Finance Ministry. 

Tunde Fowler sits and gestures in front of a FIRS logo during an interview.

August 7, 2019

Nigeria
Attacks on the Media Continue Unabated in Nigeria

There has been a string of arrests of media personalities and suspensions of media outlets in Nigeria. Recently, some of the arrests have been related to support for a protest tagged “Days of Rage” and #RevolutionNow, against what supporters consider a failure of governance, but the harassment of media in Nigeria is nothing new. 

A man looks at a newspaper headline in front of a newspaper stand in Abuja, Nigeria.

August 6, 2019

Nigeria
Nigeria's Political and Security Crises Boiling Over Across the Country

Over the past week, following another violent clash with the security services, the leader of a Shia movement was ordered to be granted bail; Borno state has been hit with massive attacks, taking the lives of scores of civilians and military personnel; and the leader of a small political party who is also the editor of Sahara Reporters, was arrested shortly before planned protests could begin. Government responses to these crises appear so far to have been ineffective.

Police officers pull two people on the ground next to a truck that says "Lagos State Taskforce."

July 18, 2019

Pakistan
Pakistan, Terrorism, and Meeting Trump

Yesterday news broke that Pakistani police had arrested Hafiz Saeed, founder of the UN- and U.S.-designated terrorist group Lashkar-e-Taiba.

File photo: Supporters shower Hafiz Saeed with flower petals as he walks to court in Lahore, Pakistan, in November 2017. The court released him from house arrest.

June 20, 2019

Monetary Policy
The Role of the U.S. Federal Reserve

The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financia…

Federal Reserve

March 20, 2009

Monetary Policy
Did the Fed bail out China by buying Treasuries?

No. Not really. At least not in the sense that is usually argued. China has no need to sell foreign assets like Treasuries to finance its domestic fiscal stimulus so long as it is running a lar…