November 26, 2019Rwanda
On November 10, Rwandan security forces shot dead two Ugandan nationals accused of smuggling tobacco across the border. Smuggling has become more common after Rwanda closed its border with Uganda in late February amidst a dispute between Ugandan President Yoweri Museveni and Rwandan President Paul Kagame.
November 5, 2019Uganda
Uganda is heading toward a debt crisis. According to a senior official at the Bank of Uganda, unless the country is able to sustain a growth rate of at least 7 percent—which economic projections show Uganda will not do—the country will default on its payments. As is the case for many African countries, China is Uganda’s largest creditor, making up 39 percent of total debt this past fiscal year. If Uganda defaults, it is unclear how China will react.
October 17, 2019Defense and Security
Captain Brian L. Sittlow is a naval officer, specializing in submarines, and a military fellow at the Council on Foreign Relations (CFR). The opinions expressed in this article are solely those of th…
October 9, 2019Ukraine
The latest episode of The President’s Inbox is live. I sat down with Steve Sestanovich, CFR’s senior fellow for Eurasian and Russian studies and the former U.S. ambassador-at-large for the former Sov…
October 9, 2019Taiwan
Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…
July 30, 2019Trade
The Democratic candidate has laid out a comprehensive trade policy, but it speaks more to party activists than to voters.
October 24, 2019Japan
Japanese investors have an obvious incentive to search for yield abroad. But why has foreign demand for Japanese bonds almost matched Japanese demand for foreign bonds?