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July 11, 2018

Southeast Asia
Najib Has Been Arrested—Now What?

Earlier this month, the Malaysian government arrested former Prime Minister Najib tun Razak on charges of corruption and criminal breaches of trust, in allegations related to the 1MDB state fund scan…

najib_7.4.2018

May 7, 2018

Southeast Asia
Would a Victorious Najib Remake Malaysia into Turkey?

On May 9, Malaysians will go to the polls in the first national elections since 2013. Prime Minister Najib tun Razak and his allies appear poised for victory on May 9, though the race is close. And i…

Najib_4.7.2018

November 5, 2019

Uganda
How Will China React to Uganda’s Looming Debt Crisis?

Uganda is heading toward a debt crisis. According to a senior official at the Bank of Uganda, unless the country is able to sustain a growth rate of at least 7 percent—which economic projections show Uganda will not do—the country will default on its payments. As is the case for many African countries, China is Uganda’s largest creditor, making up 39 percent of total debt this past fiscal year. If Uganda defaults, it is unclear how China will react.

Ugandan President Yoweri Museveni shakes hands with Chinese President Xi Jinping flanked by Chinese and Ugandan flags.

December 10, 2015

Malaysia
Najib Stays in Power as UMNO Meets

This past summer, as Malaysian Prime Minister Najib tun Razak faced an explosion of news articles about alleged irregularities in the 1MDB state fund and about the appearance of over $600 million in …

najib-razak-unmo meeting

October 21, 2015

Malaysia
Najib Faces Trouble on All Fronts

Since July, when the Wall Street Journal and other publications broke stories alleging that hundreds of millions of dollars, possibly from a Malaysian state fund, had been deposited into Prime Minist…

najib-razak-parliament

April 23, 2019

Sri Lanka
Sri Lanka Bombings: What We Know

A high level of coordination suggests the perpetrators had substantial expertise, possibly drawn from a foreign-based terrorist group.

Mourners carry the coffins of victims of the Sri Lanka bombings during a mass funeral in April.

September 18, 2015

Iraq
This Week in Markets and Democracy: Accountability in Sri Lanka and Tunisia, Malaysia’s Cross-Border Corruption, and Democracy Day

CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.”  Sri Lanka and Tunisia Struggle with Accou…

Sri Lanka Edited

August 6, 2019

United States
“Mini Mac” Shows China’s Currency Shifting Into Undervaluation

The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally? The Economist magazine’s Big Mac Index us…

May 29, 2019

Nigeria
Strapped for Cash, Nigeria Plans to Close Some Embassies

Nigeria, the “Giant of Africa,” has a long history of diplomatic leadership. It was one of the founders of the African Union and of the Economic Community of West African States. It regularly occupie…

Nigeria-Oslo-Foreign-Affairs-Minister-Onyeama

October 8, 2013

Malaysia
Najib Goes Back to the Internal Security Act (ISA)

In the four months that have elapsed since Malaysia’s national elections in May, Prime Minister Najib tun Razak frequently has offered two conflicting public messages. To the party faithful in United…

Malaysia's Prime Minister Najib Razak celebrates with his other party leaders after winning the elections at his party headquarters in Kuala Lumpur on May 6, 2013. (Bazuki Muhammad/Courtesy Reuters)