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February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

January 29, 2024

Philippines
Marcos Jr. Moves the Philippines Dramatically Closer to the United States

Unlike other Southeast Asian leaders, President Marcos Jr. has chosen to explicitly align the Philippines with the United States and confront China more directly.

Philippine President Marcos wears a white button-down shirt while he walks past white colonnades with U.S. President Biden, who wears a blue suit.

January 16, 2024

Ukraine
How the Drone War in Ukraine Is Transforming Conflict

Drone technology has been used extensively in twenty-first-century armed conflict, but the Russia-Ukraine war is driving innovations in autonomous warfare not seen on other battlefields.  

A man in camo releases a drone into the sky.

January 11, 2024

U.S. Foreign Policy Program
What to Do About Coups

Nothing may seem more obvious to supporters of democracy than the need to oppose, punish, and deter coups. But defining a coup, let alone reacting sensibly to one, is difficult for many democratic go…

A group of men approach and bang with their hands a military tank in a downtown street at night.

December 21, 2023

United States
These Eight Charts Show Why Fentanyl Is a Huge Foreign Policy Problem

Overdoses involving fentanyl and other synthetic opioids are the leading cause of death among young Americans and a threat to U.S. public health, the economy, and national security. Combating the epi…

November 20, 2023

India
The Future of the IMEC Hinges on a Stable West Asia

This multi-state project could establish India, instead of China, as the Asian authority on trade. However, Delhi’s track record on economic corridors is mixed.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, walks with Indian Prime Minister Narendra Modi during his official visit to Abu Dhabi on July 15, 2023.

November 13, 2023

Liberia
History Casts a Long Shadow Over Liberia’s Democracy

As Liberia heads to a closely contested runoff election, the possibilities are decidedly limited. 

Liberian voters search for their name on electoral lists before they cast their votes during Liberia's presidential election in Monrovia, Liberia on October 10, 2023.

October 26, 2023

Climate Change
Climate Finance Gains Momentum Ahead of COP28

Countries will collectively need to spend trillions of dollars to reach their decarbonization goals and protect the most vulnerable nations from climate disasters, but experts say current funding lev…

October 4, 2023

Armenia
Ethnic Cleansing Is Happening in Nagorno-Karabakh. How Can the World Respond?

Azerbaijan’s push into the Armenian enclave of Nagorno-Karabakh is drawing comparisons to other episodes of ethnic cleansing. What can be done under international law?

Refugees wait to cross the border at a checkpoint on the so-called Lachin Corridor between Nagorno-Karabakh and Armenia on September 26, 2023.

September 20, 2023

Immigration and Migration
The Americas Can’t Handle Immigration a la Carte

The Western Hemisphere needs regional solutions to make the most of the migration wave it faces.

After processing by U.S. Immigration, migrants are dropped off by a bus at a transit center to continue their journey in the United States from San Diego, California.