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  • Author: Edwin M. Truman
  • Publication Date: 10-2020
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The coronavirus pandemic and an unprecedented global recession have triggered fears of a debt crisis requiring massive intervention by international financial institutions as well as debt restructuring by private and official creditors. Truman draws two lessons for the current crisis, based on his ring-side experience during the debt crises of the 1980s. First, the initiation of debt relief will require a broad consensus among four groups: the borrowing countries, their foreign creditors, the authorities of the countries in which those creditors are located, and international institutions. Reaching consensus takes time. Second, implementation of the consensus framework will be case by case, because of differences in the political and economic circumstances of each country, which will militate against simple replication for different countries and against implementation all at the same time. Any framework will not be self-implementing. While the call for rapid action is understandable, applying a one-size-fits-all approach will not be possible.
  • Topic: Debt, Emerging Markets, History, International Monetary Fund, Financial Crisis, World Bank, COVID-19
  • Political Geography: Global Focus
  • Author: Paul D. Williams, Thong Nguyen
  • Publication Date: 04-2018
  • Content Type: Policy Brief
  • Institution: International Peace Institute
  • Abstract: The last decade has seen more UN peacekeepers than ever before coming from countries neighboring the host state. This report uses the IPI Peacekeeping Database to explore this increase in neighborhood contributions between 1990 and 2017. While less than 3 percent of all UN peacekeepers came from next-door neighbors in the early 1990s, this number had increased to about 20 percent by 2017. This trend runs counter to a longstanding, if unwritten, principle that UN peacekeeping missions should seek to avoid deployment of troops or police from neighbors in order to mitigate the risks associated with these countries’ national interests in the host countries. It also means there would be significant implications if policymakers wished to reverse this trend, which would put major additional pressure on the UN’s force generation process.
  • Topic: United Nations, History, Peacekeeping
  • Political Geography: Global Focus