The Trump administration holds a decidedly critical view of China’s infrastructure initiatives in Pakistan. Although there is much to criticize in the China-Pakistan Economic Corridor, the administration’s fixation on commercial and economic issues threatens to distract U.S. policymakers from deeper concerns.
Cyber incidents involving financial institutions can pose a significant risk to overall financial stability. Policymakers must understand the structures and relationships connecting the cyber and financial networks to identify vulnerabilities, prevent failures, and mitigate and recover from potential crisis scenarios.
International criminal organizations are now exploiting the coronavirus crisis. The corrupt and criminal entities that thrive on illicit financial flows, or the transfer of illegally earned money across borders, can seize the moment.
With well over 870,000 confirmed infections and 40,000 deaths worldwide, COVID-19, the disease caused by the fast-spreading new coronavirus, has caused global havoc.
The nation-wide lockdown was a sudden decision announced by the Prime Minister. It has huge implications for society, the poor in particular.
The coronavirus pandemic will most likely prove to be a painful accelerant of global trends—exposing vulnerabilities and magnifying the challenge of navigating a crowded, complicated, and competitive international landscape.
A major reason for the quick spread of the coronavirus is the lack of orchestration in the international effort to contain it. Currently, protection and monitoring measures are decided by authorities in different countries, whose standards and levels of implementation vary.
In the midst of a still-escalating pandemic, most of our attention is rightly focused on dealing with the twin public health and economic emergencies we face.
China’s producers hope to restore capacity in the weeks ahead, but sagging demand in export markets could hold back economic recovery.
The global economy is on extended sick leave and central banks’ actions have failed to contain the contagion.