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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.

April 19, 2024

United States
Election 2024: Donald Trump Declines to Fight Aid to Ukraine

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Donald Trump has chosen to stand aside as the House of Representatives moves to vote on aid to Ukra…

Ukraine war image

April 16, 2024

Economics
Virtual Media Briefing: Previewing the World Bank/IMF Spring Meetings

CFR experts preview the upcoming World Bank and International Monetary Fund (IMF) Spring Meetings taking place in Washington, DC, from April 17 through 19.   

Play President of the World Bank Group Ajay Banga and International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the World Economic Forum, January 17, 2024.

April 12, 2024

China
China’s New Currency Peg

The peg that shall not be named, and all the trouble that creates.

China’s New Currency Peg

March 18, 2024

Japan
The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

The Bank of Japan (BoJ) is widely expected to end yield curve control. But Japanese yields will remain low, and foreign bonds will remain attractive to those Japanese investors who don’t have to hedg…

The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

March 15, 2024

United States
Campaign Roundup: Joe Biden Opposes the Sale of U.S. Steel to Nippon Steel

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Joe Biden doesn’t want one of America’s closest allies to buy a once iconic American company.

Steel

March 12, 2024

Defense and Security
Religion and Foreign Policy Webinar: Conflict Resolution in Armenia and Azerbaijan

Aslı Aydıntaşbaş, visiting fellow in the Center on the United States and Europe at the Brookings Institution and senior policy fellow at the European Council on Foreign Relations, and Philip Gamaghel…

Play Servicemen of the self-defense army of Nagorno-Karabakh rest at their positions near the village of Mataghis. April 6, 2016.

March 10, 2024

China
China’s Record Manufacturing Surplus

The U.S. likes talking about the dominance of the dollar. But don’t short-change China’s current dominance of manufacturing trade. Trade imbalances need to be taken seriously again.

Manufactured Goods Surpluses

March 1, 2024

United States
Campaign Roundup: President Joe Biden Delivers His Third State of the Union Address

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Joe Biden will likely stress his domestic achievements over his foreign policy challenges when he a…

Biden SOTU

February 22, 2024

Economics
The IMF Needs to Focus on Setting Good Targets for External Debt Sustainability

The IMF has two frameworks for assessing debt sustainability. The market access country framework is more technically advanced, but it isn't delivering reasonable targets for debt restructuring cases…

10-Year Bonds: Key Cases