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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.

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 5, 2023

Europe
Why European Democracies Are More Resilient Than Expected

As winter neared, many observers were concerned about the resilience of European democracies during Russia’s war against Ukraine. The triple pressures of economic downturn and inflation, energy crisi…

A tugboat and vessel FSRU Exemplar, the floating liquefied natural gas (LNG) terminal, chartered by Finland to replace Russian gas, arrives to the Inkoo port, west of Helsinki, December 28, 2022.

April 1, 2024

Brazil
Brazil Should Use G20 Momentum to Join the OECD

Brazil has an opportunity to become a powerful bridge between developed economies and the Global South—the United States should support that ambition. 

U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva hold hands as they attend the launch of the Global Biofuels Alliance at the G20 summit in New Delhi, India, September 9, 2023.

May 2, 2024

Ukraine
Is U.S. Aid to Ukraine Too Little, Too Late?

U.S. aid is critical not just for Ukraine, but for U.S. credibility in Russia and beyond.

Ukrainian service members fire a L119 howitzer towards Russian troops, amid Russia's attack on Ukraine, in Donetsk region, Ukraine April 21, 2024.

May 2, 2024

Turkey
Erdogan’s Crisis of Legitimacy and Its Consequences

Despite the destabilizing effects of his economic and foreign policies, as well as a major election loss, President Erdogan shows no sign of interest in course correction.

Supporters of Turkish President Recep Tayyip Erdogan listen to his speech during a rally ahead of local elections in Istanbul, Turkey, in March 2024.

January 13, 2020

United Kingdom
Brexit’s Finish Line Is Only the "End of the Beginning" for Britain and the European Union

The United Kingdom faces numerous uncertainties as Brexit nears its nominal finish line.

British Prime Minister Boris Johnson meets European Commission President Ursula von der Leyen in London.

August 16, 2023

United States
Does Fitch’s Downgrade of U.S. Debt Really Matter?

The ratings agency’s decision will have no consequences for the U.S. dollar’s global role, but it highlights the country’s darkening fiscal outlook and governance challenges.

A woman walks past a currency exchange office in Moscow.