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August 6, 2024

RealEcon
The Climate Reform Agenda: How China Enables and Undermines U.S. Leadership at the World Bank

The U.S. relies on multilateral institutions like the World Bank to support its foreign policy goals, but the need to compromise with other shareholders can undermine success.

President of World Bank Group (WBG) Ajay Banga speaks during a press conference on the third day of the annual meetings of the WBG and the International Monetary Fund (IMF) in Marrakech, Morocco on October 11, 2023.

July 15, 2024

Ukraine
Coming to Ukraine’s Defense: Leveraging the European Investment Bank for Ukrainian Drone Manufacturers

Enhancing support for Ukraine’s military and defense industrial base is top of mind at the NATO Summit last week, especially if the United States should step back after the presidential election. Des…

The logo of the EIB is pictured in the city of Luxembourg

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…

April 24, 2024

RealEcon
A Tricky Balance for Development Banks and the Developing World

The World Bank and IMF have concluded their spring meetings, but questions remain on China, lending capacity, and balancing the interests of rich and poor countries.

 President and CEO at Mastercard Ajay Banga (L) and CEO at the World Bank Kristalina Georgieva speak on stage at the 8th Annual Women In The World Summit at Lincoln Center for the Performing Arts on April 7, 2017 in New York City.

May 12, 2023

Japan
Japan’s G7 Moment

Prime Minister Kishida Fumio hosts the G7 summit as an outspoken champion of the rules-based international order. Japan hopes to galvanize support and recognition of its own security concerns in the …

Japan’s Prime Minister Fumio Kishida arrives for a meeting with U.S. Secretary of State Antony Blinken in Tokyo.

October 4, 2022

Monetary Policy
As Global Recession Looms, a Perilous Moment for Central Banks

Many central banks are navigating turbulent waters as they battle inflation, a strengthening dollar, and an energy crunch. Should they coordinate policy?

People walk past a sign outside a currency exchange office in London.

December 20, 2022

Japan
How Japan Is Doubling Down on Its Military Power

Japan’s new national security strategy and related defense plans herald a major military modernization effort in response to perceived threats in Northeast Asia, particularly China.

Military vessels sail in Sagami Bay during the International Fleet Review, held by Japan's Maritime Self-Defense Force.