May 2011

Littoral States Struggle to Agree on the Caspian Settlement

By Sergei Blagov

The Caspian nations have reiterated pledges to solve their differences later this year ahead of the Caspian summit in Moscow, but they apparently continued to disagree on a number of key issues. During a meeting in Baku on April 26 – 27, representatives of the five countries that border the Caspian Sea (Azerbaijan, Kazakhstan, Iran, Russia and Turkmenistan) made yet another attempt to reach an agreement on the Caspian’s division.

Who Should Lead the IMF?

By Jeffrey Frankel

Every time the International Monetary Fund awaits a new managing director, critics complain that it is past time for the appointee to come from an emerging-market country. But whining won’t change the unjust 60-year-old tradition by which a European heads the IMF and an American leads the World Bank. Only if emerging-market countries unite behind a single candidate will they have a shot at securing the post.