Over the last two years, the notion that the impasse over Iran’s nuclear program could be solved has gone from being a theoretical possibility to becoming a reality, with the landmark agreement between Tehran and six world powers. The potential lifting of Western economic sanctions on Iran has, in turn, quickly boosted interest in the Iranian economy, especially in Europe, which sees a market re-emerging with significant potential, ready for international investments, technology and goods. But in a somewhat contradictory way, the Iranian economy has both been underestimated during the last five years of sanctions, and now runs the risk [...]
During a session of the Angolan parliament late last month, members of the main opposition party, UNITA, boycotted a vote on a private investment law because of concerns over transparency. It was a rare display of dissent against President Jose Eduardo dos Santos, with some UNITA lawmakers questioning the details surrounding recent loan deals with China, struck during dos Santos’ visit to Beijing in June. “How much did our president get from China? Nobody knows. How will we pay for it? Nobody knows,” Raul Danda, a UNITA legislator, told his fellow parliamentarians. “We asked our president to explain what he [...]
Last month, Venezuelan President Nicolas Maduro formally requested that the U.N. mediate its long-standing border dispute with Guyana. In an email interview, Mark Kirton, senior lecturer at the University of the West Indies, discussed Guyana’s relations with Venezuela and the impact of the territorial dispute on bilateral ties. WPR: How extensive are Venezuela and Guyana’s political and economic relations, and what are the main areas of cooperation? Mark Kirton: Relations between the two countries are characterized by prolonged periods of controversy and tension, interspersed with short periods of economic and political cooperation. Tensions stem from Venezuela’s claim to the Essequibo [...]
