Daily Archive: August 18, 2018

Pakistan at a Crossroads as Imran Khan Is Sworn In

Criticism of Pakistan’s anti-money laundering and terrorism finance regime by the Asia Pacific Group on Money Laundering (APG) is likely to complicate incoming Pakistani prime minister Imran Khan’s efforts to tackle his country’s financial crisis. Addressing the criticism of the 41-nation APG, which reports to the Financial Action Task Force (FATF), an international anti-money laundering and anti-terrorism watchdog that earlier...

Turkey’s Currency and Debt Crisis Has Been Years in the Making

After decades of stagnant growth, President Recep Tayyip Erdogan’s ruling AKP party turned around Turkey’s economy in the early 2000s. It was a boom underscored by easy borrowing that prioritised loans to the construction sector over capital intensive areas like manufacturing and IT development. ‘The administration knew that a slowdown was on the cards, and[that’s]why they pulled elections forward to...

He Can’t Win It for Technical Reasons, But PM Abiy Deserves the Nobel Peace Prize

The Ethiopian premier can’t win this year’s Nobel Peace Prize for technical reasons, but he nevertheless deserves global recognition for his peacemaking successes. The Nobel Committee will award its eponymous Peace Prize on 5 October, and while Ethiopian Prime Minister Abiy certainly deserves this more than anyone else, it’s impossible for him to receive it for technical reasons having to...