By Piyush Verma

At a time when multilateralism is under significant stress and global climate finance remains skewed and inequitably distributed, IBSA+Indonesia offers a fresh model of geopolitical collaboration on energy and climate – anchored in shared values and driven by practical action.

Western Balkans Report: Countering Cybercrime

By Jeffrey D. Bean and Bruce W. McConnell

Background Paper No. 34

By Anit Mukherjee and Caroline Arkalji

By Anit Mukherjee

The Indo-Pacific’s future will be shaped by secure, interoperable digital systems that advance public service delivery, expand financial inclusion, and foster cross-border collaboration.

By Dhruva Jaishankar

In its diplomacy, India has reprioritized its near neighborhood, extending financial, developmental, and trading benefits to other South Asian countries and revitalizing more productive regional institutions.

Special Report

By Medha Prasanna, Caroline Arkalji, and Hansika Nath 

By Hsiao-Chen Lin

The evolving scenario between India and Pakistan also serves as a timely analytical lens through which Taiwan can assess its own strategic vulnerabilities and prepare more robustly for future contingencies in the Indo-Pacific theatre. 

By Udaibir Das

While financial institutions promote debt swaps as ‘win-win’ solutions that address both debt distress and development financing, borrowing countries report a systematic failure in achieving both objectives, revealing an inversion of development finance principles.

By Dhruva Jaishankar

For India, navigating U.S. export controls remains a challenge 20 years since the civilian nuclear agreement was signed.

By Udaibir Das

If climate finance is to support transitions that are durable and inclusive, it must evolve to accommodate precisely these kinds of interventions: institutionally grounded, locally designed and systemically significant.

By Anit Mukherjee

As artificial intelligence (AI) becomes a key enabler of economic and social transformation, the BRICS grouping — comprising both emerging and influential economies — has a unique opportunity to shape the trajectory of AI development through a Global South lens.

By Udaibir Das

As private digital tokens gain ground, existing oversight and payment monitoring frameworks are struggling to keep pace. While regulators debate their response, the market—driven mainly by U.S.-based technology and market actors—is moving ahead.

Background Paper No. 33

By Anit Mukherjee and Caroline Arkalji

By Udaibir Das

China must build on its institutional progress and the policy suggestions noted in the 2025 FSSA while adapting to a more fragmented global financial landscape. The shift from insulation, as pointed out by the IMF in 2010, as well as the shift to sensible integration, as outlined by the IMF in 2025, stays unfinished.

This special report explores the opportunities of a U.S.-India Strategic Energy and Industrial Partnership.

Special Report

By Aditya Ramji

Background Paper No. 32

By Abhisri Nath & Jeffrey D. Bean

By Udaibir Das

As concessional finance declines, vulnerabilities mount and aid priorities shift, vulnerable low-income countries must increasingly rely on domestic sources of funding. Efficient capital markets are not a luxury – they are foundational infrastructure for economic growth.

Background Paper No. 31

By Sarah Box

By Linda Nhon and Andreas Kuehn

Trump 2.0’s overall policy directions in critical and emerging technologies will likely hew to common expectations. The details, however, of what technologies the new administration will prioritise and how actions, such as tariffs and export controls for example, will affect the United States’ (US) innovation and technology leadership remains underexplored.

By Dhruva Jaishankar

Learnings from Delhi’s past should help in shaping the future as India bets big on new critical technologies.

By Udaibir Das

The key question is not whether the decline in aid and external assistance will push these economies towards more debt – it already does – but rather what kind of debt they will incur and what long-term implications it will bring.

By Dhruva Jaishankar

The EU and India both have apprehensions about China’s economic and manufacturing supremacy threatening employment and businesses at home. 

By Dhruva Jaishankar

Trump and Modi announced a wide-ranging agenda to take the bilateral relationship forward. It included efforts that built upon the progress made during the Biden administration, particularly in terms of technology, defense, and regional cooperation.

By Dhruva Jaishankar

Understandably, Germany will be preoccupied in the short term with Europe’s eastern and southern flanks, the transatlantic relationship, and the Middle East, but Berlin has important economic and security interests in the Indo-Pacific.

By Udaibir Das

As AI takes on a greater role in economic analysis and policy, an unsettling question arises: will its ability to recognise systemic risks with historical precedents weaken with a lack of immediate algorithmic reference?

Background Paper No. 30

By Veronica Jijon

By Udaibir Das

The world’s most populous democracy faces a turbulent landscape of geopolitical rivalries, technological shifts and the urgency of climate action. The question remains: will global economic forces propel India toward leadership or will they impede its ascent?

Background Paper No. 29

By Anit Mukherjee and Ashwini Joshi

By Udaibir Das

In 2024, Africa’s economic and political importance grew significantly, laying a strong foundation for 2025 to be a transformative year for the continent.

By Vivek Mishra

Indian leadership must remain cautious as "America First" will loom heavy on Trump's foreign policy. As transfer of technology is of high priority for India in defense collaborations, elements of this sector will likely be at odds with Trump’s agenda.