International Financial Institutions

To pave the way for a sustainable recovery, show the data

By Valerie Rouxel-Laxton

There is a disconnect between a continued focus on traditional metrics judging economic growth on the one hand and the absence of sustainability metrics being presented to policymakers

Will Ukraine’s new central bank chief be independent?

By David Clark

President Zelenskyy has appointed Kyrylo Shevchenko as Governor of Ukraine's National Bank but questions remain over whether the new NBU chief will be able to remain truly independent.

The G20 needs to do more to address the human toll of COVID-19

By Jeremy Mark

If the wealthy countries cannot support measures to stave off a humanitarian crisis, the damage will run deeper than the resurgence of hunger and disease. The political repercussions will take the shape of civil strife, extremism, and mass migration. The G20 will do irreparable damage to social cohesion and international cooperation if it fails to act decisively.

Strategies for reforming Afghanistan’s illicit networks

By Harris Samad and Fatima Salman

Authored in-house and advised upon by senior fellows Ambassador James B. Cunningham, Ambassador Omar Samad, Marika Theros, Javid Ahmad, and Fatemeh Aman, this report explores illicit networks in Afghanistan in the context of peacebuilding, democratic consolidation, and enhancing state capacity. It concludes by outlining several specific policy recommendations that will be necessary to combat the illicit networks in a manner that supports the durability of the ongoing peace process in Afghanistan and the continued consolidation of its fragile democratic institutions.

Central bank chief’s political ouster discredits Ukraine

By Anders Åslund

In June, Ukraine secured a vital new IMF program. Continued National Bank of Ukraine independence was a key condition. However, within weeks, NBU chief Yakiv Smolii resigned citing political pressure.

Trade and financial fragmentation: New challenges to global stability

By Robert A. Manning

There is greater uncertainty today about the future of global trade than at any time since the post-World War II trading system was created seven decades ago. This was true before the COVID-19 pandemic froze much of the world economy; the health crisis has added a new layer of uncertainty. We are at a historic inflection point: the global trade regime urgently needs renovation and updating to meet new challenges, yet it is fraying and fragmenting.

Private lenders need to step up on African debt relief

By Jeremy Mark and Vasuki Shastry

While policymakers have called for a moratorium on developing countries’ debt payments, bankers and bondholders have raised the alarm about how such action would decimate their bottom lines. There will need to be another approach.

The Sudan Partnership Conference: A turning point for Sudan?

The world came to Berlin yesterday (at least virtually) as part of a United Nations, European Union, and German government-sponsored “Partners Forum for Sudan.” By all accounts, it was a triumph, and potentially a turning point, for the fragile transitional civilian government of Prime Minister Abdalla Hamdok, pulling in an announced $1.8 billion in assistance to Sudan.