Currency Boards as Political Commitments: Comparative Experience, Gold Reserves, and the Lebanese Case
The following study discusses the role of Lebanon’s gold reserves in the establishment of a currency board and evaluates four policy options: a true currency board, constrained central bank reform, full dollarization, and a unified managed float. Gold reserves are relevant under all four. The conclusion is consistent across them: no monetary framework, however carefully designed and however well backed, can substitute for the prior political decision on who bears Lebanon’s losses and how the state will finance itself sustainably.
US foreign policy in the Middle East: Short-termism and the erosion of influence
Trump’s active Middle East policy reflects a striking paradox. The United States is more visibly engaged in the region than the “America first” rhetoric suggests, yet its influence over regional outcomes continues to erode.
How the War Is Redefining Gulf Economic Power and Energy Strategy
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After the Rapid Support Forces’ seizure of al-Fashir, the capital of the North Darfur State and the last remaining stronghold of the Sudanese army, the conflict in Sudan has once again drawn international attention. This development is the latest in a devastating civil war that has lasted over two years. MEI’s Jehanne Henry unpacks the origins of the conflict, the humanitarian situation on the ground, and what needs to happen in the future.
This backgrounder provides an overview of the Organization of Petroleum Exporting Countries (OPEC), including its history, structure, and function, and the US government’s approach to the organization.
