Entries for 'Debt Policy'

In this episode of Current Account, Clay dives into the long-awaited results of the 2024 U.S. Presidential Elections, which saw Republican nominee and...

Emerging markets and developing countries (EMDCs) have seen a notable recovery in international market access—driven by improved global financial conditions—despite ongoing geopolitical tensions and higher market volatility in recent months.

Our annual assessment of investor relations and debt transparency programs reveals a wide range of practices across emerging markets and developing countries with the Philippines, Türkiye, Indonesia, Brazil, and Hungary achieving this year's highest scores.

In light of the 2024 Spring Meetings of the International Monetary Fund and World Bank Group, this letter sets out private sector perspectives on the G20-IMF-World Bank convened Global Sovereign Debt Roundtable to expedite a predictable and orderly debt restructuring process.

Sovereign debt vulnerabilities in emerging markets and developing economies were already high before the pandemic and have been further exacerbated by rising global interest rates. Debt strains remain particularly pronounced in low and lower-middle income countries. With heavy reliance on foreign currency borrowing persistently posing significant challenges for some sovereign borrowers, interest expense on local currency debt now accounts for over 80% of total interest costs for emerging market governments.

Our annual assessment of Investor Relations and Debt Transparency practices reveals a wide range of practices across emerging markets and developing countries with Indonesia, Türkiye, Philippines, Colombia, and Brazil achieving the highest scores.

Ahead of the Global Sovereign Debt Roundtable, the G20 Ministerial Meetings and IMF and World Bank Spring Meetings, this letter sets out private sector perspectives on the work of the G20-IMF-World Bank convened Global Sovereign Debt Roundtable.