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October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

fig 19

October 4, 2019

Nigeria
The Legacy of Nigeria's 1999 Transition to Democracy

Commentators, especially outside Nigeria, saw the elections of 2015 as an important milestone for the country’s democratic development breaking the pattern of rigged elections. However, could it be that it was the elections of 2011 that really broke the pattern, and the elections of 2015 merely restored it? Were in fact the elections of 2015 much better than those before and after? Did the political classes determine that Jonathan had to go, in part because of the deteriorating economy and security situation, but also understanding that the 1998–9 bargain struck between the south and the north be restored? Will the bargain survive in 2023? 

Obasanjo walks past a cheering crowd in a white robe.

September 20, 2019

Nigeria
Boko Haram Is Back in the Media Spotlight, but It Was Never Really Gone

President Muhammadu Buhari of Nigeria, on a number of occasions, has stated that Boko Haram is “technically defeated.” The Council’s Nigeria Security Tracker indicates otherwise, and on September 14, the New York Times published an extensive story on the resurgence of Boko Haram. It was accompanied by three pictures on a back page, including one of a child’s scar from an injury sustained during a suicide bombing.

Women and children sit outside the smoke-blackened remains of a building.

September 10, 2019

Cybersecurity
Hey LinkedIn, Sean Brown Does Not Work at CFR: Identity, Fake Accounts, and Foreign Intelligence

A fake LinkedIn account of a Sean Brown claiming to work for CFR highlights the issues with fake accounts.

Hey LinkedIn, Sean Brown Does Not Work at CFR: Identity, Fake Accounts, and Foreign Intelligence

August 21, 2019

Nigeria
Debt Servicing, Tax Revenue, and Oil in Nigeria

President Buhari is publicly asking the Federal Inland Revenue Service about its failure to meet tax-collecting targets since 2015. Nigerian Federal and state entities have borrowed so much money that debt service now consumes more than 70 percent of revenue, according to the Finance Ministry. 

Tunde Fowler sits and gestures in front of a FIRS logo during an interview.

August 15, 2019

United States
Election 2020: Elizabeth Warren, Democratic Presidential Candidate

As politicians, Ronald Reagan and Elizabeth Warren are opposites. He wanted to unleash the power of the market; she wants to curtail its abuses. But for all of their policy differences, the two share…

Elizabeth Warren

August 14, 2019

Afghanistan
Afghanistan Endgame, Part One: Is Sirajuddin Haqqani Ready for Peace?

In peace talks with the Afghan Taliban, the United States should not fail to address the evolution of the Haqqani-al-Qaeda nexus.

haqqani network drone attack afghanistan khyber pakhtunkhwa taliban

August 7, 2019

United States
Election 2020: Kirsten Gillibrand, Democratic Presidential Candidate

It has been a while since Americans have elected successive presidents from the same state. Not since November 2, 1880 in fact.* That’s when Republican James A. Garfield of Ohio won the right to succ…

Kirsten Gillibrand

August 6, 2019

United States
Election 2020: Cory Booker, Democratic Presidential Candidate

Is America ready for a president who is single and a vegan? Cory Booker, New Jersey’s junior senator, certainly hopes so. The fifty-year-old former Rhodes Scholar would be the first bachelor elected …

Cory Booker

July 17, 2019

Nigeria
Obasanjo Writes Letter to Buhari on Nigerian Insecurity

Former President Olusegun Obasanjo wrote an open letter to President Muhammadu Buhari on the deteriorating security situation in Nigeria. His focus in the letter is on Boko Haram and the “herdsmen/farmers crises."

Former President Obasanjo speaks into a microphone while seated on stage at the Africa CEO forum.