South Asia

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

This paper is a background review representing part of the initial phase of the Financing the Urban Transition work program. The review builds on a growing body of research that highlights both the importance of national sustainable infrastructure and the need to develop more effective and efficient financing mechanisms for delivering compact, connected cities that meet the UN’s Sustainable Development Goals. While progress has been made in both these areas over the last five years, there remains a policy gap between the international/national level and the municipal level.

"One overlooked feature in this ongoing tragedy is that Trump isn't wrong about everything. Some of his critics won't admit it, but several of the themes he sounded during the 2016 campaign — such as the need to rebuild America's deteriorating infrastructure — were correct (if far from original), and some of his foreign-policy instincts were sound even if his command of details was not. A minimally competent president could have made substantial progress on most if not all of these fronts, thereby leaving the country better off and enhancing his prospects for a second term."

Two days after presenting his credentials to President Trump, His Excellency Aizaz Ahmad Chaudhry, the newly appointed Ambassador of Pakistan to the United States, expressed optimism about bilateral relations between the two countries. Respondent Adil Najam, Dean of the Frederick S. Pardee School of Global Studies at Boston University, was more cautious in his assessment of the relationship after years of "reset."