Uganda Might Have A Debt Problem But It’s Not Going To Be A Large One

It’s always entirely possible that a developing country can have a debt problem. For there are those cautionary tales of places which manage to regress – always, but always, as a result of bad politics or political decisions – and it’s that very regression which makes formerly manageable debt loads into unmanageable.

It’s also true that if external debts loads are high and there’s some endogenous change then that can cause problems. Say, global interest rates rise, or the terms of trade for an export dependent nation do.…

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