Courtesy: CNBC-TV18
The World Bank has published a reform roadmap for multilateral development banks. It touches upon operational change, but in a limited way. The roadmap remains largely silent on how a 21st century World Bank can better address some of the long-standing frustrations that borrowers express about working with it and other such development banks.
Courtesy: South Asian Voices
The UK has been admitted to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP, a significant step forward for its efforts in achieving its Brexit goals. The benefits will be more strategic than economic, as it gives the UK a place in the new ‘Atlantic-Pacific’ region.
Courtesy: Dreamstime
The focus on climate finance must take into account the high cost of debt, foreign exchange risk and weak public energy utilities in the developing economies. A creative and workable solution to all these issues is to establish a Global Climate Finance Agency, managed by a reputed multilateral agency with some of the capital support promised by the developed countries.
Courtesy: Gateway House
The Banganga Tank in Mumbai’s Walkeshwar is one of the city’s oldest sites of worship. Its location on the main island of Bombay is evidence of the city’s roots in Hindu mythology and folk tradition. Recent efforts to restore and culturally revive it offer a blueprint for incorporating Mumbai’s pre-colonial heritage sites within its contemporary cityscape.
Courtesy: Sputnik News
India’s G20 and SCO presidencies have both promise and complexity, for itself and for Moscow. India need not involve itself in crisis settlement, but focus on economic issues, food and energy security, innovation and terrorism. Moscow can help itself by aligning its interests with India’s especially at multilaterals and the global south outreach, and potentially rebuild bridges with the developed north.
Courtesy: Gateway House
The combined effects of the pandemic and recent geopolitical tensions have resulted in some of the world’s leading tech companies facing crises on multiple fronts. A fall in market capitalisation, along with a sharp decline in equity has resulted in shrinking market shares for many of these giants.
Courtesy: Vox
The restoration of diplomatic ties between Iran and Saudi Arabia marks the end of a seven-year marathon of indirect confrontations and impasses involving a broad spectrum of actors. It allows both to harvest economic and political benefits. Most importantly, it confirms China’s status as a significant power with influence to unlock broad and complex international agreements.
Courtesy: Deccan Chronicle
The Edo era in Japan adopted the Buddhist worldview that placed India at the center of the human world. This was reflected in their maps, till the mid-19th century. The geopolitical context of these spiritual maps wielded a profound influence on Japan’s Buddhist clergy and its laity, a world view that echoes the present.
Courtesy: Economic Times
The state visit by Italian Prime Minister Giorgia Meloni on 2-3 March marked the elevation of the India-Italy bilateral to a strategic partnership. Both countries have set the stage for an expanding relationship based on shared interests and priorities in defence, security, trade, and energy sectors – domestically and in the broader Indo-Pacific region.
Courtesy: Daily Record
The collapse of Silicon Valley Bank has global strategic implications. Santa Clara County, the home of Silicon Valley is nearly the size of Hong Kong. A meltdown of Silicon Valley would be catastrophic for U.S. leadership in the technology sector, especially when the U.S. and China are engaged in a technology race for supremacy in commercial and military applications.