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The Emergence of Alternative Financial Infrastructures and the Future of the Global Financial and Monetary System

The contest for financial dominance and currency supremacy have become the frontline of great power competition. An indispensable aspect of U.S. global leadership is the unmatched competitiveness of …

June 27, 2023

China
CFR Fellows' Book Launch Series: Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions by Zongyuan Zoe Liu

One of the keys to China’s global rise has been its strategy of deploying sovereign wealth on behalf of state power. Since President Xi Jinping took office in 2013, China has doubled down on financia…

Play Tanzanian women holding red Chinese flags at Dar es Salaam.
Virtual Event by Zongyuan Zoe Liu and Shannon K. O'Neil CFR Fellows’ Book Launch

Present

Sovereign Funds and Financial Statecraft

Sovereign funds are no longer the exclusive luxury of commodity-exporting countries. China, a top natural resource importer, has launched the world’s largest complex of sovereign funds and used them …

November 18, 2020

Nigeria
Financing Boko Haram

Federal Court of Appeals in the United Arab Emirates, which sits in Abu Dhabi, has sentenced to jail six Nigerians for transferring $782,000 from Dubai to Boko Haram in Nigeria.

A flag of Boko Haram, a terrorist group operating in northwest Nigeria, is seen attached to an electrical pole.
Blog Post by John Campbell Africa in Transition