The authorities have made significant progress on their comprehensive debt restructuring strategy. They completed the domestic debt restructuring last year and the restructuring of their Eurobonds in October...
How reliable are public debt statistics? This paper quantifies the magnitude, characteristics, and timing of hidden debt by tracking ex post data revisions across a comprehensive new database of more than...
The note provided a basis for the Joint World Bank-International Monetary Fund (IMF) debt for development swaps: an approach framework paper and includes a discussion on the potential role of the World...
The Sri Lankan economy has shown early signs of stabilization with improved fiscal and external balances, supported by a recovery in remittances and tourism and the continued debt service suspension. However...
Indonesia’s subnational governments (SNGs) play an important role in delivering infrastructure services and are responsible for implementing one-half of total government capital expenditure. Despite significant...
This is a statement by H.E. Mario Marcel, Minister of Finance, at the 105th meeting of the Development Committee held on April 22, 2022. The pandemic has hit the Latin American and Caribbean Region (LAC)...
The principle of comparability of treatment (CoT) is a key element of the G20’s Common Framework for debt restructuring. However, in its current form, is not being enforced, does not distribute the burden...
China’s lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China’s loans, also the associated defaults remain “hidden”, as missed payments and...
Chad’s debt ratios have worsened since the onset of the COVID-19 pandemic and downside risks have increased given the uncertainties around the intensity and duration of the pandemic and oil price volatility...
This paper studies external sovereign bonds as an asset class. It compiles a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the...
The overall and external debt of the Republic of Congo are classified as in distress, pending finalization of debt restructuring agreements with one external commercial creditor and clearance of arrears...
This Toolkit is aimed primarily at policy makers, financial institutions, and enterprises. It examines different types of corporate restructuring procedures on the basis that one size does not fit across...
In March 2017, against the backdrop of rising debt vulnerabilities, G20 countries endorsed and committed to promote the G20 Operational Guidelines for Sustainable Financing. The aim of these guidelines...
Analyzing public debt in low-income developing countries (LIDCs) is like solving a puzzle with many missing pieces. Forty percent of LIDCs have not published any sovereign debt data in the last two years...
The overall and external debt of the Republic of Congo are classified as “sustainable” but debt is currently considered “in distress” pending finalization of debt restructuring agreements with two private...
I discuss the multifaceted economic and financial vulnerabilities that have been created or exacerbated by the COVID-19 pandemic on a foundation of already weak economic fundamentals in many countries...
This note is part of the series of COVID-19 Notes developed by the World Bank Group’s Equitable Growth, Finance and Institutions (EFI) team. By highlighting concrete examples of insolvency and debt restructuring...
These remarks were delivered by David Malpass, President of the World Bank Group, to the Annual Meetings 2020 Development Committee on October 16, 2020. The Board approved a fast track approach to emergency...
These remarks were delivered by David Malpass, President of the World Bank Group, to the Annual Meetings 2020 Development Committee on October 16, 2020. The Board approved a fast track approach to emergency...