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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…

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.

August 17, 2023

Climate Change
Climate Change and U.S. Property Insurance: A Stormy Mix

Accelerating risks and damage from climate change are spurring private insurers in the United States to limit coverage in a growing number of areas, thus imposing mounting stress on local communities…

An aerial view shows houses destroyed by flooding after Hurricane Ida made landfall in Louisiana

December 13, 2023

Trade
South America Can Still Save Its Trading Bloc

Stalemate over a trade deal with the European Union has left Mercosur on life support. Its revival depends on spurring greater intraregional trade.

Brazil’s President Luiz Inácio Lula da Silva attends the 63rd Summit of Heads of State of Mercosur and Associated States, at the Museum of Tomorrow in Rio de Janeiro, Brazil, December 7, 2023.

December 13, 2023

Climate Change
Did the COP28 Summit Give a Boost to Renewable Energy Plans?

Leaders at the UN climate meeting in Dubai signaled a crucial pivot away from fossil fuel use, but significant hurdles remain for a speedy transition to emission-free energy.

An employee connects solar cells at a manufacturing plant in Oragadam, in the south Indian state of Tamil Nadu. Currently, Coal powers 70 percent of India’s electricity generation.

June 21, 2023

Georgia
The Dangers of Democratic Backsliding in Georgia

Georgia was once a beacon of democracy in the South Caucasus, but today it is backsliding toward authoritarianism and headed back into Russia's sphere of influence. 

Supporters of the Georgian Dream coalition gather outside the central election commission to wait for official results in Tbilisi, October 2, 2012. Georgian President Mikheil Saakashvili conceded on Tuesday that his ruling party had lost an election to a coalition led by billionaire Bidzina Ivanishvili, increasing the chances of a peaceful transfer of power in the former Soviet republic.

October 28, 2022

United States
China, the United States, and Taiwan

[Editor’s note: This was an address to the conference on “PRC’s Power Shift and Governance” sponsored by the Mainland Affairs Council (MAC) and organized by the Chinese Council of Advanced Policy Stu…