A majority of developing countries are facing debt distress, and their financing problems are sure to grow worse as global financial conditions continue to tighten. The moment is quickly approaching when the world will have to decide between two futures for development finance.
see two options for addressing debt distress in developing countries now that financial conditions have soured.
Poor countries should not be significantly affected by the loss of Ukrainian agricultural products. While Russia’s war has undoubtedly caused real problems in global food markets, they are different and more complex than what most news coverage suggests.
thinks the headlines attributing shortages to Russia’s war are ignoring a raft of other factors.
An underground war is erupting in Ukraine's occupied cities, towns, and villages, as artillery duels between Ukrainian forces and Russia’s much larger army transform the eastern Donbas region into a wasteland.
As the war drags on, the history of armed resistance to the Nazi occupation of Europe during World War II reads like a prophecy of the partisan struggle now under way.
draws a direct line from Europe's anti-Nazi underground armies of World War II to Ukraine's partisan war today.
After losing the Republican primary, and thus her US House seat, Liz Cheney announced the formation of a new political action committee and suggested that she might run for president, all part of her effort to keep Donald Trump out of the White House. She is channeling the oppositional zeal that political disillusion often fuels.
considers the implications of Liz Cheney’s primary loss for the GOP and American democracy.
发自伦敦—俄罗斯官方外汇储备被大部冻结的状况不可避免地让一些人再次做出美元作为世界首选储备货币的“嚣张特权”行将消亡的预测。但这时候为美元写下讣告还为时过早。
就其本身而言,对俄外汇储备制裁可能会强化美元作为法定货币体系支柱的首要地位。只有在美国经常使用这类金融制裁作为一种进攻性外交政策武器的情况下,美元的地位才可能被加速削弱。
的确,在以中美贸易战和新冠疫情为标志的过去四年间,美元只占新增储备的40%,而欧元则有23%。人民币在新储备中的份额跃升到了10%,日元和英镑也有所增长。
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