NEW YORK – The United States expects to “celebrate independence” from COVID-19 by Independence Day (July 4), when vaccines will have been made available to all adults.
STANFORD – Strange as it may sound, vaccines are now the key to reviving the transatlantic relationship. Former President Donald Trump’s “America First” administration had left ties between the United States and its European allies badly frayed. So, in his address to the Munich Secutiry Conference in February, President Joe Biden thought it best to reaffirm America’s support for Article 5 of the North Atlantic Treaty: an attack on one NATO member would be considered an attack on all
NEW DELHI – On March 10, the credit-rating agency Moody’s placed Ethiopia on review for a downgrade. The problem isn’t violence and repression in Ethiopia’s embattled Tigray region. Rather, Moody’s has concluded that the Ethiopian government’s commitment to engage with private creditors, as part of the G20 Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative, raises the risk that those creditors will incur losses. For that, the country apparently must be punished
Netherlands and Ireland joined several other countries who have temporarily suspended the rollout of the shots after reports of side effects including blood clots
LONDON – The International Monetary Fund and the World Bank have sprung into action in ways that would have been inconceivable even a year ago. Under former President Donald Trump, the United States – the main shareholder, with veto rights, in both institutions – did little (beyond causing occasional disruption) to shape their policies. Now, the US is taking the lead in coordinating their role and helping poor countries to respond to the COVID-19 crisis
BANGKOK – By now, most countries in Asia and the Pacific have proposed some sort of post-pandemic recovery package. Many include investments in sustainability, which the United Nations has repeatedly urged governments to undertake. Some plans currently include only budget totals, with policymakers yet to allocate the spending