July 28, 2022Emerging Economies
Struggling to make ends meet as inflation and interest rates climb, many emerging markets will have to pursue difficult debt restructuring with international creditors.
October 28, 2022Greece
Since the creation of the European Union in 1992 and the subsequent launch of the euro, Greece’s economic relationship with the rest of Europe has been a turbulent one. Greece’s chronic fiscal mismanagement and resulting debt crisis has repeatedly threatened the stability of the eurozone.
July 20, 2022Laos
In recent months, Laos’ economy has crashed.
October 1, 2021Budget, Debt, and Deficits
With the U.S. national debt already exceeding $16 trillion, President Trump’s tax reform and budget deals with Congress have added to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.
March 25, 2021Kenya
The economic impact of COVID-19 has exposed the underlying fragility of China’s Belt and Road Initiative (BRI) in Kenya, already the subject of scrutiny over corruption, pollution, and debt concerns. BRI fueled an ambitious infrastructure push in Kenya.
October 7, 2020Emerging Economies
A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players. The main impediment to collective action may be…