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June 14, 2021

Diplomacy and International Institutions
Where Is the G7 Headed?

The Group of Seven (G7) serves as a forum to coordinate global policy, but experts are increasingly questioning the group’s relevance.

G7 leaders pose for a group photo at the June 2021 summit in Cornwall, England.

April 13, 2021

United States
Is Rising Student Debt Harming the U.S. Economy?

Higher education provides students many socioeconomic benefits and increases the global competitiveness of the United States, but mounting student loan debt has sparked a debate over federal lending …

Students attend their graduation ceremony at the University of California Los Angeles (UCLA).

June 4, 2021

International Law
Illegal Fishing Is a Global Threat. Here’s How to Combat It.

Fishing provides a critical source of food and income for many countries, but much of it occurs unlawfully, harming vulnerable populations and eroding maritime governance.  

South Korean coast guard ships attempt to stop Chinese boats allegedly fishing illegally in the Yellow Sea.

May 27, 2021

Middle East and North Africa
What Is U.S. Policy on the Israeli-Palestinian Conflict?

The United States has long tried to negotiate a resolution to the Israeli-Palestinian conflict, but several factors, including deep divisions between and within the parties and declining U.S. interes…

A Palestinian uses a ladder to climb over the wall separating the Israeli and Palestinian sides of the West Bank.

March 25, 2021

Kenya
Belt and Road in Kenya: COVID-19 Sparks a Reckoning with Debt and Dissatisfaction

The economic impact of COVID-19 has exposed the underlying fragility of China’s Belt and Road Initiative (BRI) in Kenya, already the subject of scrutiny over corruption, pollution, and debt concerns. BRI fueled an ambitious infrastructure push in Kenya.

A train, built as part of Chinese investment in Kenya through the Belt and Road Initiative, arrives at the Mombasa Terminus in Mombasa, Kenya.

May 12, 2021

Cuba
U.S.-Cuba Relations

Communist Cuba was a major foreign policy challenge for the United States during the Cold War. The bilateral relationship thawed considerably under President Obama, but the Trump administration reimp…

A man shows U.S. and Cuban flags at his house in Havana.

October 13, 2020

Emerging Economies
Reframing the Collective Action Problem in Sovereign Bond Restructuring

A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be…

Reframing the Collective Action Problem in Sovereign Bond Restructuring

Present

Sovereign and Sub-Sovereign Debt Restructuring

Countries borrow too much, often in foreign currency, and sometimes cannot repay on time and in full.  Subdivisions of states—such as territories—also can borrow too much.  Puerto Rico is a recent ca…

April 8, 2021

Infrastructure
The State of U.S. Infrastructure

Amid an economic crisis caused by the coronavirus pandemic, debate continues over how to improve the nation’s infrastructure, as analysts say U.S. transportation, water, and other systems face major …

Phase II construction on Metro’s Silver Line at Dulles International Airport continues.

April 7, 2021

China
China’s Belt and Road Initiative Should Be on the World Bank and IMF’s Agenda

The Spring Meetings should address BRI’s pitfalls and advance policies to help put BRI countries on the path toward recovery and sustainable growth.

The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S. on April 8, 2019.