Pakistan at a Crossroads as Imran Khan Is Sworn In

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…

Caspian Deal Highlights Shift in Azerbaijan

Caspian Deal Highlights Shift in Azerbaijan

As the US/Turkish relationship deteriorates it is having spillover effects around the region. Turkish President Recep Tayyip Erdogan’s continued defiance of US’s demands have placed Turkey in the cross-hairs of a vicious hybrid-war attack on the country’s fragile economic foundation. So, I find it very interesting that during the week of the greatest turmoil in…

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

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…