Sciences Po Chair in Sovereign Debt

Spain becomes latest official bilateral creditor to approve debt pause clauses in its loans to sovereigns from FIEM and FONPRODE for climate, health and food crises lamoncloa.gob.es/consejodeminis…

A huge thank you to the @SovDebtScPo, the @OECD, and all our speakers today for a dynamic and insightful conversation on the global debt landscape and the future trends in sovereign borrowing. #PlaceToSpeak

New York Law Bills: Reform is a good idea in theory, but these bills are badly drafted and hearings are needed. Check out my new piece up on FTAV: on.ft.com/3xTyRs2

Thrilled to share that the @IMFNews Executive Board recently endorsed reforms to promote the IMF's capacity to support countries undertaking debt restructurings. (1/8) imf.org/en/News/Articl…

Most countries are effectively replacing older bonds with lower coupons for new bonds with higher coupons. The spread is quite noticeable for non-investment grade countries.

NEW: Ghana has failed for now to strike a deal with two group of international bondholders to restructure $13 billion of debt reuters.com/markets/ghana-…

Recognizing the sovereign debt crisis in LMICs, G20 members endorsed the Common Framework—but collective action problems hinder progress. @DavidAGrigorian analyzes the proposed Modified Common Framework, an approach that could address these issues: bit.ly/4aqBhge

Statutory and Policy Measures to Enhance Private Sector Participation in Sovereign Debt Restructurings. papers.ssrn.com/sol3/papers.cf… a new working paper, by @DFacilides, @WaibelM09, @AnahiW and me.

A GPT on Debt Management chat.openai.com/g/g-jSuqgAk1p-… What should be ideal training data for such? @TheoMaret @Marcelo_WB @Markbohlund @Kevin_Carey_WB @MarkWPlant @emsovdebt Main Sources: Sustainable Financing of Development and Infrastructure: A Handbook for Borrowers and Lenders themcdf.org/en/news-activi… Sovereign Debt:   A Guide for Economists and Practitioners draft chapters imf.org/en/News/Semina… The Sustainability of Asia’s Debt: Problems, Policies, and Practices adb.org/publications/s… Sustained debt reduction: The Jamaica exception brookings.edu/articles/susta…

Hidden sovereign debt is a major headache in some of the most vulnerable economies. Good news: better debt disclosure laws can help ease the pain! Read my new blog with @IMFNews colleagues: tinyurl.com/4und3mkh

How Jamaica reduced its debt Interesting case study from @B_Eichengreen @PeterBlairHenry et al. 1 flexible fiscal rules 2 partnership with opposition "which fostered a common belief that the burden of debt reduction would be widely and fairly shared." brookings.edu/articles/susta…

Dream of mine just came true: (i) published an “A to Z” handbook on public debt management; (ii) did it with some of the world’s best experts; and (iii) got a sponsor who made it available for free. Thank you so much MCDF, co-authors and producers. @pdmnet surl.li/rzohd

After years of painfully slow negotiations and false starts, Zambia finally seems set to restructure its dollar bonds. What a ride. bloomberg.com/news/articles/…

New @FT @FTAlphaville piece on the Ukrenergo bond. Thanks to @RobinWigg for the hospitality and to Mitu and @mweidemaier for letting me freeride on this (as always) 1/2 (link below)

3 actions to boost debt transparency: 1) design a modern and integrated debt system, overcoming the existing fragmentation; 2) incentivize borrowers' disclosure, particularly during/after restructurings; 3) demand the publication of more granular data from official creditors

Frontier markets have embarked on aggressive policy shifts, and investors in local-currency bonds are starting to reap the benefits. trib.al/DKNdGfB

In collaboration with @SovDebtScPo we kick off a panel on debt relief in practice, featuring #Somalia Finance Minister @BihiEgeh along with @WilliamRoos4 Barthelemy Faye @PaolaSubacchi @MoF_Somalia #ThePlaceToSpeak

Tks @BihiEgeh #Somalia Finance Minister for sharing w @sciencespo students your experience at debt negotiation w the Paris Club In your words “debt cancellation will be essential for nation building”

📢 PRE-DOC at the University of Milano Bicocca @CefesCenter @unimib 👇 Field: Sovereign Debt Full-time (6 months) position competitive pay Starting in May 2024 (flexible) Applications: unimib.it/node/983 Deadline: 29 March 2024 Further information: silvia.marchesi@unimib.it

Zambia may soon get the answer to one of life's greatest mysteries: What does comparability mean when it comes to restructuring bonds versus Chinese state loans? bloomberg.com/news/articles/…