Last week, when the head of the Russian navy, Vice Adm. Viktor Chirkov, was quoted saying that Russia was seeking access to naval maintenance and supply facilities in Cuba, Vietnam and the Seychelles, the Russian government quickly denied the reports. The Russian navy abandoned almost all such overseas facilities more than a decade ago to save money and because it no longer had a global mission. Significantly, however, the government has not challenged Chirkov’s statement that Russia would construct new aircraft carriers starting after 2020. “At the moment,” Chirkov told the Russian news agency RIA Novosti, “the construction bureau has […]
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Among countries that exemplify poorly managed economies, Afghanistan figures prominently. Many factors currently weigh down the Afghan economy, including negative current account balances, unrestrained government spending, low productivity, negligible income taxes, years of cheap and fraudulent lending and widespread graft. The prospects for the future are no more optimistic. The impending international troop drawdown combined with inadequate security and looming uncertainty beyond 2014 have made the country a financial no-go zone for foreign investors. Afghanistan is beginning to suffer from the departure of the large sums of foreign capital and investment it has largely depended on for years. Reportedly, every […]
The recent national elections in Libya have drawn attention to the country’s postconflict transition. But overshadowed by the international community’s ongoing failure to contain the crisis in Syria, the positive international role in Libya has gone largely overlooked. The success of Libya’s elections for a National Congress is in part due to the deep engagement of the international community, led by the United Nations Support Mission in Libya (UNSMIL). Bucking the trend of many recent postwar interventions, however, this assistance has not come in the form of a large-scale operation. As such, it may present a new model for postconflict […]
In the month since Washington Post reporter Rajiv Chandrasekaran published “Little America,” his brutal review of the U.S. and allied war effort in Afghanistan, it has been interesting to observe the reactions from the various tribes of the Beltway. No one escapes criticism in Chandrasekaran’s narrative, this columnist included, but the State Department, the U.S. Agency for International Development (USAID) and the U.S. Marine Corps come under especially heavy fire. The reaction from the U.S. Marine Corps and the U.S. military as a whole has been to add the book and its criticisms to the list of lessons that need […]
In its just-released final audit report (.pdf), the Office of the Special Inspector General for Iraq Reconstruction Funds (SIGIR) last week warned that billions of U.S. dollars may have been wasted or misappropriated in the process of reconstructing Iraq. While reports of waste surfaced early in the post-invasion occupation of Iraq, problems have also plagued the transition since 2010 from a military- to a civilian-led U.S. mission in Iraq. Many of those shortcomings came to light during a recent hearing by the House Oversight and Government Reform Committee to assess the interagency effort in Iraq now that all U.S. combat […]
With economic turmoil in Europe and concerns over budget deficits and debt in the United States, public spending is receiving heightened scrutiny in major foreign assistance donor countries. Austerity has become the preferred route for many of them, leading the development community to wonder how austerity will affect development and how long this period will last. Austerity in donor countries is already affecting development in a number of critical ways. It is reducing levels of foreign assistance overall and prompting many donors to re-evaluate their aid programs and development strategies. This period will also likely see greater importance for the […]
Across the developing world, the revolution in mobile telecommunications technology is driving massive changes in access to financial services. Currently, there are 2.7 billion “unbanked” people in developing countries (.pdf). They have few effective ways to save money; accessing credit and transferring money is difficult and expensive; insurance is a dream. Yet, to break cycles of poverty, the poor need access to affordable and versatile financial services. The rapid uptake of mobile phones, even in remote areas and among the poorest of the poor, has the potential to significantly increase financial inclusion. The Grameen Foundation estimates that nearly 40 percent […]