Rising debt is “sand in the wheels” to the world’s poorest countries

We explain why rising debt payments owed by low-income countries are a U.S.-China issue.
Cambodia's Prime Minister Hun Sen (C)  during the opening ceremony of the Morodok Techo National Stadium, funded by China's grant aid under its Belt and Road Initiative.
Lon Jadina/AFP via Getty Images

Can the U.S. 'foreclose' on Argentina?

Dec 3, 2012
What recourse do creditors have when a sovereign nation decides not to pay its debt? A case study on that question is playing out in U.S. courts.

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