Entries for 'Debt Transparency'
September 19, 2023
In a higher-rate environment, the global debt stock rose by $10 trillion to a new record high of $307 trillion in H1 2023.
September 13, 2023
Over the past 15 years, EM government debt levels have soared, with domestic debt accounting for much of the increase. Debt issued under foreign law now constitutes only about 10% of total borrowing by EM governments.
May 17, 2023
The global debt stock grew by $8.3 trillion to a near-record $305 trillion in Q1 2023; the combination of high debt levels and rising interest rates has pushed up debt service costs, prompting concerns about the use of leverage in the financial system.
February 22, 2023
The nominal USD value of global debt declined by some $4 trillion to slightly below $300 trillion in 2022. Helped by stronger growth and inflation, global debt/GDP fell again in 2022 – but is still above pre-pandemic levels.
January 13, 2023
The growing links between financial leverage and non-financial risks (e.g. climate) are complex and will require new data tools and metrics to monitor and address.
November 22, 2022
With higher interest rates weighing on issuance, global debt edged lower again in Q3 2022, to some $290 trillion.
June 21, 2022
The Institute of International Finance welcomes the opportunity to respond to the House of Commons International Development Committee’s inquiry on debt relief in low-income countries. We commend the Parliament for taking this step in investigating this important issue.
January 13, 2022
We are pleased to report that the Voluntary Principles for Debt Transparency now have a Repository for data disclosures; our thanks to the OECD for se...
April 29, 2021
This Second Addendum references the recent extension of and modifications to the G20/Paris Club Debt Service Suspension Initiative through December 31, 2021, providing a similar extension of/modifications to the private sector Terms of Reference.
April 9, 2021
In light of the 2021 Spring Meetings of the World Bank Group and International Monetary Fund, this letter provides private sector views that build on our November 2020 letter to the G20.
December 3, 2020
To support debtor countries requesting debt service suspension from their private creditors, we have published Summary Terms for a Voluntary Debt Serv...
December 3, 2020
This Addendum references the recent extension of and modifications to the G20/Paris Club Debt Service Suspension Initiative through June 30, 2021, providing a similar extension of/modifications to the private sector Terms of Reference.
November 12, 2020
In the wake of the extension of the G20 Debt Service Suspension Initiative (DSSI), as well as recent thoughtful proposals for reforming the international sovereign debt architecture, the IIF offers these private sector perspectives that build on our September 22 letter to the G20.
September 22, 2020
We remain strongly supportive of the intent behind the DSSI. However, we also recognize that the underlying premise may have changed—the issues in some countries are no longer temporary liquidity problems, but rather more fundamental solvency concerns. This letter sets out three key points which we believe are crucial.
May 28, 2020
Informed by our working group discussions, this letter is meant to frame the accompanying Terms of Reference for private sector consideration of borrower requests within the DSSI.
May 28, 2020
The Terms of Reference are a toolkit for DSSI-eligible sovereign borrowers that request forbearance from their private creditors. This new framework offers a flexible template for in-scope borrowers and their private creditors to advance conversations and enable voluntary debt service suspension, on terms in line with official bilateral creditors.
June 10, 2019
A new set of private sector principles to enhance transparency in sovereign debt markets.
June 8, 2019
As prepared for delivery to G20 Finance Ministers and Central Bank Governors Meeting
Thank you, Deputy Prime M...
May 3, 2019
We are pleased to invite comments and suggestions on the latest draft of the voluntary Principles for Debt Transparency. Feedback is welcomed from all stakeholders, including private sector financial firms; official sector bodies including international organizations, finance ministries and debt management offices; and civil society.