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February 5, 2024

China
China’s New Currency Playbook

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

Settlement by banks in China vs. Yuan-Dollar Exchange Rate

February 1, 2024

China
China and India Compete for Leadership of the Global South

China and India compete for leadership of the Global South, but it remains unclear whether either is winning. 

Chinese President Xi Jinping (R) and Indian Prime Minister Narendra Modi (L) shake hand beforethe group photo session of Dialogue of Emerging Market and Developing Countries, in sideline of 2017 BRICS Summit in Xiamen, Fujian province in China.

February 1, 2024

Russia
Mobilizing Russia’s Immobilized Reserves

A quick note on the debate over the use of Russia’s frozen reserves.

Euro banknotes at a money exchange office.

January 29, 2024

Sub-Saharan Africa
The Cult of Dirigisme

Despite repeated failure, faith in closely controlled economies among Africa’s political elites remains strong.

Pictured is an aerial view of a coal-fired power station in South Africa.

January 22, 2024

Economics
An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandat…

An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

January 16, 2024

China
How One Port’s Struggle Reveals the Problems—and Promise—of Chinese Infrastructure Financing

Chinese port financing has plenty of drawbacks. But developing countries have few alternatives. 

A lone man stands at the end of an old and broken pier watching the boats in the background in the bay of São Tomé city, São Tomé and Príncipe, September 16, 2021.

January 10, 2024

Somalia
New Deals Open Old Wounds in the Horn of Africa

An already tense security environment in the Horn of Africa is growing even more perilous.

Somali protesters march against the Ethiopia-Somaliland port deal at the Yarisow stadium in Mogadishu, Somalia on January 3, 2024.

January 3, 2024

Democracy
Taiwan’s Early Warning for the Future of Tech

Taiwan faces online threats in the run up to its January 13 election. Companies, governments, and civil society need to work together to defend against the growing influence of digital authoritariani…

Supporters of the opposition party Kuomintang (KMT) celebrate the preliminary results of the local elections during a rally in Taipei, Taiwan.

January 2, 2024

Peru
The Organized Crime Threat to Latin American Democracies

Governments have learned to manage many threats, but they are failing to curb the growing power of organized crime.

Photo of Former Peruvian President Alberto Fujimori attending a trial as a witness in 2018

December 29, 2023

2023 in Review
Ten World Figures Who Died in 2023

Ten people who passed away this year who shaped world affairs for better or worse.

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