Pakistan’s inability to live within its means has resulted in persistent macroeconomic imbalances and necessitated numerous financial support programs with the International Monetary Fund (IMF). Large fiscal deficits year after year have translated into a rapidly rising... Lire la suite

The Debt Sustainability Framework for Low-Income Countries (LIC-DSF), developed by the IMF and World Bank, serves as a vital instrument for assessing debt-related risks in vulnerable economies. With many low-income countries experiencing escalating debt pressures... Lire la suite

African policy institutes gathered on October 9th as part of the Amplifying Africa’s Voice (AAV) initiative to discuss the upcoming Finance for Development (FfD4) conference, which will take place in Sevilla, Spain, in 2025. A primary goal of the meeting was to... Lire la suite

BY UGO PANIZZA Geneva Graduate Institute & CEPR This policy note delves into the complex world of state-contingent debt instruments, focusing on Value Recovery Instruments (VRIs) and the significant challenges associated with their issuance, particularly... Lire la suite

An Updated Bridge Proposal: Towards A Solution to the Current Sovereign Debt Crises and to Restore Growth BY Ishac Diwan, Martin Guzman, Martin Kessler, Vera Songwe, and Joseph E. Stiglitz. The Finance for Development Lab (FDL) and Columbia University’s... Lire la suite