|Ousmène Jacques Mandeng :
50 years ago, the Bretton Woods system of fixed exchange rates came to a sudden stop. It seemed the end of an era of multilateral and rules-based monetary cooperation considered critical to facilitate international payments.
|Wed, Aug 4, 2021|
It is no secret that the West is exceedingly uncomfortable with China’s Belt and Road Initiative (the BRI) and its role in building infrastructure in developing countries, and for good reasons. The terms of these investments by China’s parastatal banks are opaque and recent research reveals that contracts include non-disclosure covenants to keep them so. That said, it is China that is pouring the most money into infrastructure investments into Sub-Saharan Africa in particular in a way that no one else can match.
|Thu, Jul 8, 2021|
COVID-19 was the greatest public health crisis in a century, and it engendered the greatest economic crisis since the Great Depression.
|Wed, Feb 24, 2021|
|Marjo Koivisto and Daria Taglioni:
Aside from accelerating decarbonization of industries, a key priority in the global economy today is to reduce the use of virgin materials. In discussions over the circular economy (CE), emphasis is usually put on “reusing” and “recycling”. Instead, for CE to grow sufficiently to avert the grim projections of the global economy running out of materials within decades, more pervasive change is needed. The notion that products and materials that depreciate slower are more valuable must be better internalized by their industrial and household consumers.
|Wed, Feb 24, 2021|
The current state of the global economy and the outlook for the next few years do not bode well for Emerging Market and Developing Economies (EMDEs). Many countries were overly indebted before the pandemic and additional borrowing, one of the few options available to them, will push many into the terrain of unsustainable debt. China’s joining the Debt Service Suspension Initiative of the G-20 is commendable; however, this action only deals with official debt held by poorer EMDEs.
|Fri, Jan 15, 2021|
The OECD has estimated that external capital inflows to emerging market countries shrank in 2020 by about $700 billion relative to 2019.
|Thu, Dec 17, 2020|
Another tragedy often overlooked during this year’s global Covid rampage, with their own physical mobility and financial remittance restrictions, is the 80 million displaced population in the UN’s latest tally, approximately one-third official refugees with 80% fleeing one developing country for another.
|Tue, Dec 15, 2020|
|Edwin M. Truman:
Memo to Congress on why the United States should better Support International Financial Institutions
Background: US foreign affairs programs underpin US soft (nonmilitary) power, which is in decline as these programs have been underfunded. In FY2020, the United States spent $57 billion on international programs, activities, and institutions.
|Thu, Nov 5, 2020|
The October 2020 annual meetings of the World Bank and the International Monetary Fund were like none others.
|Fri, Oct 30, 2020|
Daniela Bassan, Q.C. is a Partner and Practice Group Chair at the law firm of Stewart McKelvey (Canada) where she focuses on complex, multi-jurisdictional dispute resolution. This blog is a part of special series on the coronavirus.
|Thu, Apr 23, 2020|