By Udaibir Das
Fiscal space, financial space and institutional credibility are no longer separable policy domains. They are jointly binding constraints. The IMF flagships document their components but not the mechanism.
By Sujai Shivakumar, Hideki Tomoshige, and Jeffrey D. Bean
India is positioning itself as an increasingly important node in the global semiconductor ecosystem, building on its established strengths in chip design and deep pool of STEM talent. These efforts come at a time when global semiconductor supply chains remain highly concentrated, creating opportunities for India to contribute to diversification and resilience.
By Udaibir Das
Under conditions of armed conflict and state rupture, banking shifts away from decentralized intermediation towards directed, survival-orientated finance. Yet the policy conversation has concentrated on sanctions, commodities and trade — the institutional reorganization of banking under conflict remains less well examined.
By Udaibir Das
Adopted by the National People’s Congress in March 2026, China’s 15th Five-Year Plan does not treat finance as a supporting function for economic growth. It treats finance as a strategic instrument of technological capability.
By Dhruva Jaishankar
For countries around the world — whether allies, partners, or competitors of the United States — there are important and immediate questions of how much and to what degree they will accommodate, or hedge against, the United States’ new approach to the world.
By Anit Mukherjee & José Barrera
The Raisina Dialogue held in New Delhi in March 2023 provided a forum where officials, academics, and leaders from around the world, including Latin America, met to discuss global governance issues.
By Anit Mukherjee, Laura Bermeo, Yuko Okamura, Jimmy Vulembera, and Paul Bance
This study looks in depth at Democratic Republic of the Congo’s (DRC) approach to delivering emergency cash transfers: the Solidarity through Economic Transfers Against the Poverty in Kinshasa (STEP-KIN) program.
By Udaibir Das
While the world is preoccupied with the stability of the western banking system, China has been busy overhauling its financial regulatory architecture.
By Anit Mukherjee, Alan Gelb, and Brian Webster
This study considers the experience of the mothers with the shift to mobile money, and to the change in payments service provider that took place in 2019, through a survey of recipients and a control group.
By Anit Mukherjee
Data is a challenge, but with imaginative incentives, metrics, and solutions such as an AgriStack, we can look forward to a new agricultural revolution over the coming decade.
By Anit Mukherjee, Alan Gelb, and Brian Webster
This study surveys the payment system from the perspective of recipients, including their views on convenience and the benefits from competition.
By Terri B. Chapman, Jhanvi Tripathi & Rakesh Kumar Sinha
This report examines how India can better integrate into GVCs while building resilience.
By Terri B. Chapman & Mannat Jaspal
Who does the climate finance architecture serve most, who is left behind, and how is it shaping inequality between countries?
By Terri B. Chapman
The US lags in achievement towards several of the targets under SDG 8 and SDG 10.
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