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.
November 5, 2019Global
Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…
September 10, 2019Election 2020
The Democratic and Republican presidential contenders have begun defining their approach to major foreign policy issues as they jockey for position in their parties’ primaries.