The pandemic and the Ukraine crisis have elevated global debt levels to new heights, beyond the stress nations were already facing before the pandemic. According to the recent IMF World Economic Outlook, the debt-to-GDP ratio in the median emerging market and the middle-income country was about 60 percent in 2021, as compared to 40 percent in 2013 at the time of the taper tantrum. Similarly, for low-income countries, it was double the amount in 2021 as compared to 2013.
The recovery from the pandemic has been largely uneven due to inadequate access to essential healthcare. By 2021, only half of the WHO member states reached the target of vaccinating 40 percent of their populations, and only 10 percent of the population in low-income countries have received at least one dose of the vaccine. Given that countries have varying capacities in addressing health threats and unequal access to public goods, health financing will become crucial in overcoming future health threats.
The Russia–Ukraine war has led to resurfacing of concerns regarding the illicit use of crypto-assets and its impact on the global financial stability. The crypto-assets are evolving quickly, thus G20 should play a key role in the regulation of digital assets through close global coordination with standard-setting bodies. The regulation of the assets must ensure supervision that creates necessary conditions for safe innovation.
CIRSD Vice President Participates at International Conference on Responsible Management Education
Belgrade, October 2025 — CIRSD Vice President Stefan Jovanović participated in the 12th Responsible Management Education Research Conference (RMERC), held last week in Belgrade. The event was organized by the University of Belgrade, Faculty of Organizational Sciences, and the Principles for Responsible Management Education (PRME) Anti-Poverty Working Group, bringing together representatives from academia, the business community, and international organizations from around the world.
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Maria Fernanda Espinosa Calls for Stronger Preventive Diplomacy as the UN Marks its 80th Anniversary
As the United Nations commemorates its 80th anniversary, Maria Fernanda Espinosa, former President of the UN General Assembly and Co-Chair of the Global Preventive Diplomacy Initiative (GPDI), spoke to CGTN’s flagship program The Agenda about the urgent need to modernize the UN and make preventive diplomacy the central pillar of its peace and security agenda.
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CIRSD and NGIC Coorganize a High-Level Conference at the Diplomatic Academy of Vienna
Vienna, October 21, 2025 — The Center for International Relations and Sustainable Development (CIRSD) and the Nizami Ganjavi International Center (NGIC), convened a high-level international conference titled “Shifting Grounds: The Caucasus, Central Asia and Europe in a New Global Order”, in partnership with the Diplomatic Academy of Vienna.
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Vuk Jeremić Addresses the China Institute’s Thinkers Forum on the Future of the World Order
Shanghai, October 2025 — President of the Center for International Relations and Sustainable Development (CIRSD) Vuk Jeremić, took part in the Thinkers Forum organized by the China Institute, marking the jubilee 10th anniversary of this distinguished institution.
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