August 2025

The Impossible Choice: Tariffs, Sanctions and Fragmentation

The Impossible Choice: Tariffs, Sanctions and Fragmentation

By Udaibir Das

In dynamic-system terms, the global economy has shifted from a high-integration equilibrium towards a more fragmented state, but the transition path is still in motion. For financial institutions, the challenge is calibrating marginal gain in resilience against the marginal erosion of competitive advantage.

'IBSA+Indonesia' Can Be a New Global South-Led Force in Climate and Energy Leadership

'IBSA+Indonesia' Can Be a New Global South-Led Force in Climate and Energy Leadership

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.