Stories written by Alexander Kozul-Wright

Black Sea Grain Initiative: Russia Reluctantly Agrees to a Two-Month Extension

Given the complex interplay between geopolitics and financial markets, Russia’s invasion of Ukraine in February 2022 sent shockwaves across the global economy. Admittedly, the implications both within and between countries have varied. However, there were some common denominators, including higher commodity prices.

UN Falls Short of Aid Pledge to Yemen Despite Peace Efforts

At a high-level UN event, global donors pledged US$1.2 billion in aid operations to Yemen in 2023. Millions of Yemenis require humanitarian assistance as the country continues to suffer from the fallout of a prolonged civil war.

Development Banks Should Reform Their Lending Practices

In the last week of September, emerging market (EM) bond fund outflows hit $4.2 billion, according to JP Morgan, bringing this year’s total to a record $70 billion. The exodus, set off by a rising U.S. dollar, is heaping pressure on low-income countries.

Colombia’s New President May Need U.S. Blessing to Realize his Domestic Agenda

For the first time in its contemporary history, Colombia has a left-wing government. The presidency of Gustavo Petro, who took the reins August 8, marks a significant break from the political status quo. He also represents a stiff test for U.S. influence in Latin America.

Omicron & Developing Countries – Where Threats are the Greatest

On 25 November, news emerged from South Africa of a new COVID-19 variant. It has since been identified as Omicron, a Greek alphabet derivation the World Health Organization (WHO) reserves for virus variants “of concern”.

QE, or No QE, That is the Question?

The guardians of the global economy convened in Washington this week to discuss their latest global growth forecasts. The World Bank-IMF Board of Governors meetings have been squarely focused on the global response to COVID-19, with economists warning of slowing momentum in wealthy nations and grossly uneven recoveries across the developing world.

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