Third COVID wave calls for caution from Erdogan

Surging COVID-19 cases and deaths have spotlighted erratic containment, and economic and foreign policy constraints

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Pakistan will try to bargain with IMF

Islamabad is under pressure to implement reforms related to its IMF bailout

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High prices for private cryptocurrencies are drawing attention to the field and leading to renewed focus on CBDCs

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Persistent governance failures and the difficulty of enacting security sector reform set back budget-balancing efforts

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Warnings that the country is becoming a ‘failed state’ point to multiple related trends

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There is no shortage of priorities facing the new unified government after years of conflict and a state fragmentation

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The central bank recently restricted banks from allowing cryptocurrency-related transactions

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The Central Bank raised its benchmark rate for the first time in six years as inflation nears top of the target band

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Recent moves suggest Erdogan is courting core supporters and preparing for early elections before the situation worsens

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The arrest of the main opposition leader has brought confrontation to a head and forced Western states to take a stand

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