Many highly indebted advanced economies face a grim fiscal outlook. Under current policies, the public debt ratios of ...

This paper develops a theory of sovereign debt sustainability driven by the government’s motive for redistribution. It studies a heterogeneous-agent small open economy in which redistribution relies ...

Nigeria's debt servicing costs surpassed capital spending by N3.9tn in two years, driven by naira depreciation and high interest rates, consuming public fu ...

A new study analyzes Philippine debt sustainability, finding that while the debt-to-GDP ratio remains above 60 percent, fiscal policy remains on a solvent path.

The World Bank has decided to evaluate Nigeria’s strategy for meeting its payment obligation before it decides to restructure the country’s debt. This was disclosed at the IMF-World Bank annual ...

The Radical Debt Transparency report—an update to 2021’s Debt Transparency in Developing Countries—shows that despite significant improvements in recent years, major debt transparency deficiencies ...

The toppling of President Nicolas Maduro has thrust Venezuela's debt crisis — one of the world's largest unresolved sovereign defaults — into the limelight. Following years of economic crisis and U.S.

Mr. Bernstein was the chair of President Joe Biden’s Council of Economic Advisers from 2023 to 2025. Budget hawks have fretted for decades about America’s deficits and debt, repeatedly advising our ...

The United States is grappling with a staggering national debt that has surged to $38 trillion by late 2024. This alarming figure has prompted the Government Accountability Office (GAO) to issue a ...