For over a decade, Russia’s Vladimir Putin has campaigned to subvert the liberal world order and undermine global norms by invading neighbors and interfering in democratic processes at home and abroad. To explain how Congress can counter Russian aggression, members of the House Foreign Affairs Subcommittee on Europe, Eurasia and Emerging Threats Rep. Francis Rooney (R-FL) and Rep. Bill Keating (D-MA) came together for a bipartisan dialogue at the U.S. Institute of Peace.
In October 2017, the United States lifted a wide range of economic sanctions that had been in place against Sudan for two decades. Aly Verjee, a visiting expert at the United States Institute of Peace, recently interviewed roughly 50 Sudanese—including students, business owners, doctors, laborers, activists, and others outside the government-connected elite—on what this first step in the normalization of relations between Sudan and the United States might mean for the future of their country.
The mounting debt crisis of Iraq’s Kurdistan Regional Government poses a long-term threat to the country’s economy and ultimately, perhaps, its stability. For now, Iraqi political leaders are consumed with negotiating a new, post-election government, but a solution to the KRG’s insolvency cannot wait too long. It will require the next government to quickly put aside parochial politics and help the KRG find creative ways to restructure its debts.
As Iraq’s parliamentary elections approach this weekend, destabilizing disputes with the Kurdistan Region remain unresolved. Perhaps the most intractable, and least discussed, is how to address the insolvency of the semi-autonomous Kurdistan Regional Government (KRG). It’s a simmering crisis that threatens Iraq’s economic future and political unity, and one that the central government needs to step up and help defuse.
The Afghan government has recently embarked on important reforms to the national budget, embodied in the 2018 budget approved by Parliament early this year. This budget sets in motion an envisaged two-year reform process to achieve greater overall transparency, better development programming, and reduced corruption. The third in a series on Afghanistan’s public finances, this report updates revenue performance in 2017 and assesses the new budgetary reforms, how the draft budget fared in Parliament, the outcome, and next steps and prospects for the reforms.
This report focuses on Chinese involvement and investment in Nigeria’s railway sector and the intersection of planned projects and regional security dynamics. Examining the role of Chinese loan financ...
We live in an age of immense technological innovation and disruption. While these technologies make our lives easier, criminal groups and terrorist networks have the tools to exploit them, as policymakers struggle to keep up with rapid pace of change. Terrorist groups like the Islamic State and rogue regimes like North Korea employ these technologies to illicitly finance their operations, often using cryptocurrencies in order to evade detection. Despite the partisan rancor in Washington, Republican and Democrat members of Congress are coming together to counter illicit financing and wrestle with these emerging policy challenges.
The economy of Iraq’s semi-autonomous Kurdistan Region is on the brink of collapse; only the central government in Baghdad can stop an economic free fall that’s already damaging the broader Iraqi economy. While a rapid, negotiated solution to this crisis is essential to stabilize and unify Iraq—and reassure investors needed for post-ISIS reconstruction—a host of complex issues over oil and the national budget stand in the way.
Yemen is facing an acute humanitarian crisis after nearly three years of civil war, with more than 10,000 deaths and three-quarters of the country’s population in dire need of humanitarian assistance. Although eschewing a leadership role, China has supported regional and international efforts to mitigate the...
The impasse between Iraq’s central government and its Kurdistan Region is building into an economic problem, and both sides need to quickly find a way to negotiate a solution. While political conflict between the authorities in Baghdad and the regional capital of Erbil has been quieter since Iraqi troops ousted Kurdish forces from disputed territories in October, the Kurdish region’s economy is unraveling, with risks for both sides.