Background Paper No. 20
By Raj Sawhney
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?
By Udaibir Das
The Trevor Manuel G20 Africa Expert Panel Report reframes Africa’s constraints as a single system of mispricing, debt compression and governance asymmetry. Its proposals for refinancing, collective bargaining and International Monetary Fund quota reform mark the first coordinated attempt to shift power within the international financial architecture.
By Udaibir Das
Ubuntu economics does not invoke moral claims. It advances a structural argument: Africa’s demographic momentum, mineral endowments and ecological assets are central to global prosperity, and instability in the region imposes system-wide costs. The reform frameworks are now primarily in place. The question is whether the political and institutional conditions of 2026 permit their implementation.
By Piyush Verma and Telmen Altanshagai
Mongolia is not just a customer or supplier—but a co-partner in building new regional supply-chains, new corridors and new resource-alliances. It speaks to a future where India is not simply plugged into global energy markets, but co-creating them.
By Udaibir Das
While stability prevails in institutional titles, resilience prevails in policy content. This shift influences the oversight and allocation of approximately $470tn in global financial assets. This has structural implications and affects public accountability.
By Udaibir Das and Wayne Byres
After 50 years, the Basel Committee’s standards are crucial for maintaining global financial stability.
By Udaibir Das
The current global economic and capital market conditions necessitate reassessing conventional portfolio construction and risk management practices.
By Udaibir Das
Multilateral reform remains complex and demands patience to ensure that the process is transparent and inclusive.
By Dhruva Jaishankar
At a basic level, India’s large diaspora in the US and a shared sense of democracy continue to contribute to deepening India-US relations.
By Jeffrey D. Bean and Stephen Ezell
The United States has taken several key steps that we advocated. Foremost was passing the CHIPS and Science Act with bipartisan Congressional support in August 2022, which included appropriations of $52.7 billion for the CHIPS Act.
By Udaibir Das
Africa stands on the precipice of a financial renaissance, poised to redefine its influence in the global investment sphere.
By Sadiq Amini
A choice hasn’t been made, but non-Taliban stakeholders are eager for a policy change.
By Udaibir Das
As a unified bloc, Africa can negotiate better terms in international trade agreements, investment deals and financial arrangements.
By Dhruva Jaishankar
There are important differences between Biden and Trump on alliances, climate policy, immigration, tariffs, and democracy.
By Sadiq Amini
By spearheading the restoration of democracy in Afghanistan, Taiwan could eventually forge a strong alliance with a democratic Afghanistan.
By Dhruva Jaishankar
ORF America Executive Director Dhruva Jaishankar was interviewed by Adrija Chatterjee of Moneycontrol on the sidelines of the Raisina Dialogue in New Delhi.
By Dhruva Jaishankar
Taiwan’s political status will inevitably be a zero-sum matter in the intensifying global competition between China and the US.
By Udaibir Das
Today’s financial sector is complex and plagued by structural flaws and unfinished reforms.
By Udaibir Das
Balance sheet risks have become more challenging and critical for resource-rich, low-income countries, especially in Africa.
By Sadiq Amini
In a way, the situation in Afghanistan serves as a microcosm of the status of the wider world.
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