Background Paper No. 24
By Peter Jarka-Sellers
Special Report No. 7
By Piyush Verma, Medha Prasanna, Caroline Arkalji, Erlijn Van Genuchten, and Siddharth Sharma
By Udaibir Das
Global financial institutions continue to frame the 2026 outlook for emerging markets through a familiar cyclical lens. The consensus assumes U.S. monetary easing, a softer dollar and a modest global slowdown will favor local-currency assets, credible disinflation paths and balance-sheet repair. This narrative is historically grounded and internally coherent. It is also increasingly insufficient.
By Medha Prasanna
Without intentional strategies to strengthen energy infrastructure, the Global South will remain largely a consumer of AI technologies.
Background Paper No. 37
By Anit Mukherjee and Caroline Arkalji
By Brian Webster, Alan Gelb, and Anit Mukherjee
Shifting the payment of social transfers from cash to direct deposit via bank or mobile money accounts can directly improve efficiency for governments and convenience for beneficiaries. It may also produce positive spillovers such as boosting financial inclusion and empowering women. But do these spillovers materialize, and under what circumstances?
Ongoing armed conflicts in Europe and the Middle East and a fractured trade relationship between the world’s two largest economies, the United States and China, mean the energy transition cannot take economic integration and its accompanying benefits for granted.
Special Report
By Raj Sawhney, Shayak Sengupta, and Gregory Wischer
Editor: Shayak Sengupta
By Sadiq Amini
These days, Afghan democrats need a champion, and India, under Modi’s leadership, could be that champion – if New Delhi can correct course on its Afghanistan policy.
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