NAIROBI—In March, Kenya made a strategic push for economic self-determination when the Treasury announced that it did not need funding from the International Monetary Fund for the remainder of the fiscal year, which ends in June. Instead, the Kenyan government mobilized 588 billion shillings ($4.5 billion) through the Kenya Pipeline Company’s initial public offering, a stake sale in Safaricom, and the issuance of new Eurobonds. That is roughly five times what the IMF would have offered in a single year. As Treasury Cabinet Secretary John Mbadi put it, Kenya does not need “rescuing.”

Daniel Torok/White House via Getty Images Politics 4 Trump’s Iran Quagmire Could Sink America Daron Acemoglu It remains to be seen just how much more damage US institutions will suffer because of President Donald Trump's ill-conceived foreign adventure in the Middle East. What is certain is that the threat to US democracy, social stability, and economic resilience is now greater than at any time in living memory. considers what the latest ill-conceived war in the Middle East will mean for US democracy and soft power.

Trump’s Iran Quagmire Could Sink America

It remains to be seen just how much more damage US institutions will suffer because of President Donald Trump's ill-conceived foreign adventure in the Middle East. What is certain is that the threat to US democracy, social stability, and economic resilience is now greater than at any time in living memory.

Getty Images Longer Reads 2 The Real Fallout From Trump’s Tariffs Jun Du explains why America’s self-defeating trade policy has helped who it was supposed to hurt, and vice versa.

The Real Fallout From Trump’s Tariffs

Kena Betancur/VIEW/press Economics 1 Consumers or Workers First? Dani Rodrik explains why – and how – policymakers should seek to........

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