Recent Posts

Three-way talks on Ethiopian dam reach new impasse

Negotiations between Ethiopia, Sudan and Egypt, in a long-running dispute over the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile, have reached a new impasse, the three countries said on Sunday. “We cannot continue this vicious cycle of circular talks indefinitely,” Sudanese irrigation minister Yasir Abbas said in a …

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Pompeo says US designating Yemen’s Huthis a terrorist group

The United States will designate Yemen’s Huthi rebels as a terrorist group, Secretary of State Mike Pompeo said Sunday, a late-term move that aid groups fear will worsen a humanitarian crisis. With just 10 days left before President-elect Joe Biden takes office, the action could complicate the new administration’s efforts …

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Turkey’s Slow-Motion Economic Crisis

Banks cannot engineer a balance between exchange rates and interest rates in a country with free capital flows, where banks’ funding conditions are affected by the global economic environment and by country risk. As Turkey has demonstrated, using banks for this purpose destroys both internal and external economic balances.

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