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The Promise and Peril of Pakistan’s Economic Recovery Effort

The Promise and Peril of Pakistan’s Economic Recovery Effort

Wednesday, September 6, 2023

In the first half of 2023, Pakistan appeared to be moving toward a catastrophic economic default. An IMF loan program Pakistan entered into in 2019 had gone off track after the Fund found Islamabad’s commitment to reform lacking, leading to a suspension of loan disbursements. The derailment of the IMF program resulted in a significant drop in the country’s foreign exchange reserves — at one point this year, reserves could only cover about two weeks' worth of imports due to concurrent debt repayment pressure. To avoid defaulting, the government imposed stringent import restrictions in an attempt to control dollar outflows. That caused a major economic shutdown of import-dependent industries, a shortage of essential commodities and surge in inflation.

Type: Analysis

Economics

Two Years into Taliban Rule, New Shocks Weaken Afghan Economy

Two Years into Taliban Rule, New Shocks Weaken Afghan Economy

Thursday, August 10, 2023

The Taliban have done a better job than expected in managing the Afghan economy despite some missteps. But nevertheless, the Afghan economy seems caught in a low-level equilibrium that leaves most Afghans poor, hungry and in need of humanitarian assistance. Moreover, new headwinds threaten to precipitate further economic decline, risking a repeat of the economic free-fall seen in the initial months following the August 2021 Taliban takeover. Much will depend on whether aid declines sharply or gradually, how seriously the opium ban is enforced for a second year during this fall’s planting season, and whether Taliban gender restrictions are tightened, maintained or weakened.

Type: Analysis

Economics

Bangladesh: Survey Reveals Premier Remains Popular Despite Growing Public Discontent

Bangladesh: Survey Reveals Premier Remains Popular Despite Growing Public Discontent

Wednesday, August 9, 2023

Political tension is rising in Bangladesh ahead of the country’s next round of national elections, due by January 2024. The opposition Bangladesh Nationalist Party (BNP) is boycotting elections to extract concessions from the government on election management; rampant inflation is increasing citizens’ daily struggles; and both the BNP and ruling Awami League (AL) are holding large rallies across the country to mobilize their supporters. Yet in this tumultuous political scenario, there is little publicly available polling to understand the state of race.

Type: Analysis

Democracy & GovernanceEconomics

How a Gaza Marine Deal Could Benefit Palestinians, Israelis and the Region

How a Gaza Marine Deal Could Benefit Palestinians, Israelis and the Region

Thursday, August 3, 2023

Amid today’s dismal Israeli-Palestinian context, positive developments have been in short supply. However, Prime Minister Benjamin Netanyahu’s June announcement of preliminary approval for the development of the Gaza Marine gas fields provided a rare glimpse of a potential win-win opportunity. For the Palestinians, it could provide a much-needed boost to their lagging economy and the cash-strapped Palestinian Authority (PA). On the Israeli side, it allows the Netanyahu government to claim it is assisting in improving living conditions in Gaza and could lead to less U.S. pressure on issues like settlement expansion. In the big picture, this is another example of how energy is increasingly becoming a focus for potential win-win agreements in the East Mediterranean.

Type: Analysis

Economics

A Year After Mass Protests, Sri Lanka’s Governance Crisis Continues

A Year After Mass Protests, Sri Lanka’s Governance Crisis Continues

Thursday, July 20, 2023

One year after the Sri Lanka’s massive unrest, known as the Aragalaya protests, the country is still dealing with the aftermath of its most devastating economic crisis since independence, a government without popular support and intensifying geopolitical competition in its neighborhood. The protests, spurred by the economic crisis, led to mass resignations across the government with former President Gotabaya Rajapaksa fleeing the country in July 2022. In the year since, the country has secured an IMF agreement, and its economy has ambled toward a slow path of recovery. However, there have still been concerns on the human rights front as the current government of Ranil Wickremesinghe has clamped down on further protests and continually postponed elections.

Type: Analysis

Democracy & GovernanceEconomics

A Criminal Cancer Spreads in Southeast Asia

A Criminal Cancer Spreads in Southeast Asia

Monday, June 26, 2023

In the fractured authority surrounding crime-group controlled enclaves on the Moei River separating Thailand and Myanmar, this is what a crackdown on armed gangsters looks like: China presses Myanmar’s military junta — a sometimes client of Beijing — to make Thailand cut electric power to a large gambling and fraud hub run by Chinese crime syndicates across the river in Myanmar. The military-supervised Border Guard Force in the area, a partner of the syndicates, responds with threats to shut down cross-border trade. Then, giant generators appear in the enclave, deployed by the border guards and the gangs. The army, without explanation, does nothing. Individual commanders, if not the army itself, are believed to profit from the criminal activity. Business as usual continues.

Type: Analysis

EconomicsJustice, Security & Rule of Law

အရှေ့တောင်အာရှ၌ အမြစ်တွယ် ပျံ့နှံ့လာနေသည့် ရာဇဝတ်မှုခင်းကင်ဆာ

အရှေ့တောင်အာရှ၌ အမြစ်တွယ် ပျံ့နှံ့လာနေသည့် ရာဇဝတ်မှုခင်းကင်ဆာ

Monday, June 26, 2023

ထိုင်းနိုင်ငံ နှင့် မြန်မာနိုင်ငံကို နယ်နမိတ်ခြားထားသည့် သောင်ရင်းမြစ်တကြောရှိ လက်နက်ကိုင် ရာဇဝတ်ဂိုဏ်းများ ထိန်းချုပ်၍ အာဏာစက်တည်ဆောက်ထားသော နေရာများ ပြန့်နှံ့နေကြပြီး ယင်းတို့ကို ဖြိုခွင်းရန် ကြိုးစားမှုများမှာ အောက်ပါအတိုင်းဖြစ်လေသည် ။ တရုတ်နိုင်ငံသည် ဘေဂျင်း၏ လက်ဝေခံတပိုင်းဖြစ်သော မြန်မာစစ်တပ်ကို သောင်ရင်းမြစ်တလျှောက် တရုတ်ရာဇဝတ်ဂိုဏ်းများ ထိန်းချုပ် လုပ်ကိုင်နေကြသော လောင်းကစားဝိုင်းများနှင့် ရာဇဝတ်မှုကျူးလွန်ရာ အချက်အခြာနေရာများအား ထိုင်းနိုင်ငံမှ လျှပ်စစ်ဓါတ်အားဖြတ်တောက်ရန် ဖိအားပေးခဲ့သည်။ မြန်မာစစ်တပ်၏ လက်အောက်ခံဖြစ်၍ အဆိုပါ ရာဇဝတ်ဂိုဏ်းများ၏ မိတ်ဖက်ဖြစ်သော ဒေသခံနယ်ခြားစောင့်တပ် (BGF) က ယင်းသို့ပြုလုပ်ပါက နယ်စပ်ကုန်သွယ်ရေးကို ပိတ်ဆို့မည်ဟု တန်ပြန်ခြိမ်းခြောက်လိုက်သည်။ ထို့နောက် BGF နှင့် လူဆိုးဂိုဏ်းများသည် ကြီးမားသော မီးစက်ကြီးများကို လောင်းကစားဇုန်များအနှံ့ တပ်ဆင်လိုက်လေသည်။ မြန်မာစစ်တပ်ကလည်း မည်သည့်ရှင်းလင်းချက်မျှ မပေးသကဲ့သို့ တစုံတရာ အရေးယူလုပ်ဆောင်မှုလည်း မပြုလုပ်ခဲ့ပေ။ မြန်မာစစ်တပ်တခုလုံး မဟုတ်လျှင်သော်မှ အချို့သော တပ်မှူးများသည် အဆိုပါ ရာဇဝတ်လုပ်ငန်းများမှ အကျိုးအမြတ်များ ရရှိခံစားနေကြသည်ဟု ယူဆရသည်။ လုပ်ငန်းများကိုလည်း အရှိန်အဟုန်မပျက် ဆက်လက် လုပ်ကိုင်နေကြသည်။

Type: Analysis

EconomicsJustice, Security & Rule of Law

เนื้อร้ายอาชญากรรมลุกลามทั่วทั้งทวีปเอเชีย

เนื้อร้ายอาชญากรรมลุกลามทั่วทั้งทวีปเอเชีย

Monday, June 26, 2023

ในเขตพื้นที่ที่กฎหมายเข้าไม่ถึงแถบลุ่มน้ำเมยซึ่งใช้แบ่งเขตแดนระหว่างไทยกับเมียนมาร์ที่ถูกควบคุมโดยกลุ่มอาชญากรคือ พื้นที่ที่มีความพยายามปราบปรามแก๊งอิทธิพลติดอาวุธเหล่านี้ โดยรัฐบาลจีนกดดันรัฐบาลเผด็จการทหารของเมียนมาร์ ซึ่งบางครั้งถือเป็นลูกน้องที่ภักดีของรัฐบาลปักกิ่ง โดยให้ประเทศไทยตัดการส่งกระแสไฟฟ้าไปยังศูนย์กลางการพนันและการฉ้อโกงขนาดใหญ่ที่ดำเนินการโดยกลุ่มอาชญากรจีนที่มีที่ตั้งอยู่อีกฟากของแม่น้ำเมยในประเทศเมียนมาร์ โดยที่กองกำลังรักษาชายแดน (Border Guard Force: BGF) ภายใต้การดูแลของทหารในพื้นที่ซึ่งเป็นพันธมิตรกลุ่มอาชญากรได้ตอบโต้ด้วยการขู่ว่าจะปิดการค้าชายแดน หลังจากนั้นเครื่องกำเนิดไฟฟ้าขนาดใหญ่ก็ปรากฏขึ้นในเขตปกครองนั้น โดยกองกำลังรักษาชายแดนและกลุ่มอาชญากรเป็นผู้นำ ทั้งนี้ไม่มีคำอธิบายหรือการดำเนินการใดๆ จากฝ่ายกองทัพเมียนมาร์ ผู้บังคับบัญชาได้รับผลประโยชน์จากอาชญากรรมเหล่านี้ (หากไม่ใช่ผลประโยชน์ของทั้งกองทัพ) ทำให้ธุรกิจยังคงดำเนินการต่อได้ตามปกติ

Type: Analysis

EconomicsJustice, Security & Rule of Law

Căn bệnh ung thư “tội phạm” lây lan ở Đông Nam Á

Căn bệnh ung thư “tội phạm” lây lan ở Đông Nam Á

Monday, June 26, 2023

Trong chính quyền yếu kém ở quanh các khu vực do nhóm tội phạm kiểm soát trên sông Moei ngăn cách Thái Lan và Myanmar, một cuộc trấn áp các băng đảng xã hội đen có vũ trang sẽ diễn ra như thế này: Trung Quốc gây sức ép lên chính quyền quân sự Myanmar - đôi khi là tay sai của Bắc Kinh - buộc Thái Lan phải cắt điện đối với một trung tâm cờ bạc và lừa đảo lớn do các băng nhóm tội phạm Trung Quốc cầm đầu ở bên kia sông của Myanmar. Lực lượng Biên phòng do quân đội giám sát trong khu vực, cấu kết với các băng nhóm tội phạm, đáp trả bằng những lời đe dọa đóng cửa biên mậu. Sau đó, những chiếc máy phát điện khổng lồ xuất hiện trong khu vực được bộ đội biên phòng và các băng đảng tội phạm lắp đặt. Quân đội không có bất kỳ hành động nào và không giải thích. Bản thân các chỉ huy, nếu không muốn nói là quân đội, được cho là hưởng lợi từ hoạt động tội phạm. Mọi hoạt động vẫn diễn ra như thường lệ.

Type: Analysis

EconomicsJustice, Security & Rule of Law

The Taliban’s Successful Opium Ban is Bad for Afghans and the World

The Taliban’s Successful Opium Ban is Bad for Afghans and the World

Thursday, June 8, 2023

The Taliban have done it again: implementing a nearly complete ban against cultivation of opium poppy — Afghanistan’s most important agricultural product — repeating their similarly successful 2000-2001 prohibition on the crop. But the temptation to view the current ban in an overly positive light — as an important global counter-narcotics victory — must be avoided. This is particularly true given the state of Afghanistan’s economy and the country’s humanitarian situation. Indeed, the ban imposes huge economic and humanitarian costs on Afghans and it is likely to further stimulate an outflow of refugees. It may even result in internal challenges for the Taliban itself. And, in the long run, it will not have lasting counter-narcotics benefits within Afghanistan or globally.

Type: Analysis

Economics