Carnegie Endowment for International Peace
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The IMF approved an unprecedented four-year, $15.6-billion program for Ukraine. While the program is a significant step toward ensuring the country’s economic stability, Ukraine must pursue several reforms for financing to continue. Meanwhile, the international community should make hard commitments beyond 2024.
Given existing reserves, it is possible for the United States and its key democratic partners to significantly friendshore the production of critical minerals. However, it would require an unprecedented buildout of the mining industry to achieve clean energy targets for 2030.
Organizations that set international technical standards face two potential challenges: one from China, which wants to deepen its participation in these groups, and the other from the United States, which might overreact to China’s activities and undermine the system.
Policymakers across Asia are rethinking the region's financial infrastructure—what this means for U.S. interests depends on how Washington responds.
The EU must build a new set of ambitious policies that treats Russia as a major threat to peace and stability in Europe, while continuing to engage with its people. A longer-term Russia strategy begins with a “Ukraine First” policy.
The Maldives has sought to strengthen ties with India, yet the political opposition is seeking to wean the country off this relationship. Will the heated rhetoric have an impact?
Unfortunately, those Western governments with decisionmaking power and resources to help vulnerable countries respond to the polycrisis are not inclined to use it, given domestic cost-of-living crises in G7 countries, the ongoing conflict in Ukraine, and limited domestic political appetite for international initiatives.
Japan's venture capital industry has grown to unprecedented prominence. Fueled by increasing social legitimacy and support from the Kishida administration, Japan's venture capital is poised to drive the startup ecosystem to the next level.
Ghana's digital financial services industry, most notably the market for mobile money services, has grown significantly during the pandemic. To achieve full digital financial inclusion, however, the country still must build capacity, skills, trust, and security.
Importantly, the future of large-value cross-border payments in Southeast Asia and the renminbi’s role depend in part on how Washington responds to efforts aimed at transforming local currency financial infrastructure in the region.