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COLUMNISTS

America’s Debt-Ceiling Debacle

By Katharina Pistor Debt burdens are growing yet excessive reliance on debt finance  is undermining basic tenets of democracy When Greece’s sovereign-debt crisis threatened the euro’s survival, US officials called their European counterparts to express bewilderment at their inability to resolve the issue. Now, the tables have turned, with American …

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Changing Uganda’s development debate

By Hashim Wasswa Mulangwa Our leaders spend more time talking about why Africa has not developed than on creating capacity A few weeks ago the Central bank held its 21st annual Joseph Mubiru memorial lecture, under the title “Unlocking Africa’s growth potential- aligning decision making to implementation and delivery”. One …

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The IMF’s next test

By Gita Gopinath Is it prepared to provide “forward guidance” on how it will tackle potential disruptions in financial markets? This October, central bankers, policymakers, private-sector executives, academics, and representatives of civil-society organisations will convene in Washington, DC, for the annual joint meeting of the International Monetary Fund and the …

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