Center for Global Development

Many developing countries are facing high debt and debt service burdens, but there is no single debt problem—and no one-size-fits-all solution.

In a new CGD blog, Mary Svenstrup, Masood Ahmed, and Charley Ward explore how debt reform proposals can be better aligned with countries' circumstances and today's political and financial realities.

Beyond a Blueprint: Reconciling Sovereign Debt Reform Proposals with Impact and Reality Many developing countries face mounting debt burdens driven by repeated shocks, large fiscal deficits, and tighter financing conditions, but policy responses remain fragmented because countries face different combinations of liquidity and solvency challenges amid growing geopolitical and financial c...