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April 4, 2023

Economics
Renewing America Series: The Debt Ceiling Fight and the Future U.S. Debt Picture

As the battle over raising the U.S. debt ceiling continues to take shape, former Treasury Secretary Jack Lew and former Senator Rob Portman discuss the politics surrounding the coming fight, the poss…

Play A U.S. Senate Republican staffer sets up a visual aid ahead of a news conference about the debt ceiling held by Senators Rand Paul (R-KY), Mike Lee (R-UT), Rick Scott (R-FL) and Ron Johnson (R-WI), among others, at the U.S. Capitol building in Washington, U.S., January 25, 2023.

April 12, 2024

Economics
The IMF and World Bank Spring Meetings: What to Know

The IMF and World Bank’s spring meetings will focus on the prospects for a soft landing after years of global economic turbulence. But major challenges remain, including growing climate finance needs…

May 3, 2023

Economics
Getting Debt Restructuring Terms Right

State contingent instruments can play a role in debt restructuring agreements, but they shouldn’t be a give-away to investors.  There is a compelling case for their use in Zambia—but not in Sri Lanka…

Andrea Shalal moderates an IMF roundtable on tackling public debt with Ceyla Pazarbasioglu, Director, Strategy, Policy and Review Department IMF, Felix Nkulukusa, Secretary to the Treasury, Zambia, Marco Buti, Head of Cabinet of European Commission and Pierre-Olivier Gourinchas, Director and Economic Counsellor, Research Department, IMF, during IMF Spring Meetings at the International Monetary Fund Building in Washington, U.S.

June 2, 2023

United States
Out of the Debt Ceiling Fire, But Still in the Frying Pan

Now that Congress voted to pass a bill based on the Biden-McCarthy compromise, an immediate debt ceiling crisis appears to have been averted. Still, a much larger debt problem awaits.  

Biden and McCarthy

July 28, 2022

Emerging Economies
Debt Distress: Can Emerging Markets Withstand Rising Costs?

Struggling to make ends meet as inflation and interest rates climb, many emerging markets will have to pursue difficult debt restructuring with international creditors.

People block a main road as they wait for gas trucks to arrive in Colombo, Sri Lanka.