Author/Editor: Chuku Chuku, Prateek Samal, Joyce Saito, Dalia S Hakura, Marcos d Chamon, Martin D Cerisola, Guillaume Chabert, Jeromin Zettelmeyer.

Release Date:April, 2023

There are growing concerns that 25 years after the launch of the HIPC debt relief initiative, many low-income countries are again facing high debt vulnerabilities. This paper compares debt more...

Author/Editor: Nathaniel G Arnold, Ravi Balakrishnan, Bergljot B Barkbu, Hamid R Davoodi, Andresa Lagerborg, Waikei R Lam, Paulo A Medas, Julia Otten, Louise Rabier, Christiane Roehler, Asghar Shahmoradi, Mariano Spector, Sebastian Weber, Jeromin Zettelmeyer.

Release Date:September, 2022

The EU's fiscal framework needs reform. While existing fiscal rules have had some impact in constraining deficits, they did not prevent deficits and debt ratios that have threatened the stability of more...

Author/Editor: Marcos d Chamon, Erik Klok, Vimal V Thakoor, Jeromin Zettelmeyer.

Release Date:August, 2022

This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake climate-related investments—to alternative fiscal support instruments. Because more...

Author/Editor: Leonardo Martinez, Francisco Roch, Francisco Roldán, Jeromin Zettelmeyer.

Release Date:June, 2022

This paper surveys the literature on sovereign debt from the perspective of understanding how sovereign debt differs from privately issue debt, and why sovereign debt is deemed safe in some countries more...

Author/Editor: Tim Willems, Jeromin Zettelmeyer.

Release Date:January, 2022

This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an accounting based view of more...