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July 23, 2014
China
Is the BRICS Bank More "Democratic" Than the World Bank?
The launch of the new BRICS development bank “reflects the disparity and democratic deficiency in the global governance and is trying to restart, to rethink that,” according to Nobel economist Jos…
July 21, 2014
China
Hurling BRICS at the World Bank and the $
Brazil, Russia, India, China, and South Africa (the “BRICS”) made a splash last week with the official launch of their new development bank. The backers made no secret of their intention to chall…
April 27, 2012
Sub-Saharan Africa
Africa and the World Bank Presidency
Many Africans were proud that the continent fielded a highly qualified candidate for the World Bank presidency, Nigerian finance minister Ngozi Okonjo-Iweala. By the time the vote took place, serious…
June 11, 2024
Russia
Estimating Future Interest Income From Russia’s Frozen Reserves
Outright seizure of the Russian Central Bank’s hundreds of billions in frozen assets is currently off the table, but it is still possible to obtain large sums for Ukraine from the interest income on …
October 7, 2021
Diplomacy and International Institutions
World Bank-IMF Meetings, Czech Elections Amid Pandora Papers Leak, and More
The World Bank Group and the International Monetary Fund hold their annual meetings, the Czech Republic holds closely watched elections in the wake of the Pandora Papers leak, and the Group of Twenty…
June 24, 2024
Diplomacy and International Institutions
What Does the G7 Do?
The Group of Seven (G7) has been a forum to coordinate global policy for fifty years, but experts are increasingly questioning the group’s relevance.
