COVID-19 has laid bare a blatant double standard: the world’s wealthiest countries play by one set of rules and the world’s poorest countries by another. G20 governments have spent trillions to keep ...

More than half of the world’s low-income countries are at high risk of debt distress or are already in it, and several have defaulted. But despite the world’s 20 largest economies having agreed in ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The Common Framework, developed by the G-20 back in the fall of 2020, hasn’t ...

LONDON, June 20 (Reuters) - Cautious optimism in the developing world that wealthier countries and China had finally fixed the tortuous process of sovereign debt restructurings is fizzling again. Debt ...

LONDON, March 28 (Reuters) - Zambia's deal with bondholders this week suggests it will finally emerge from more than three years in default -- and become the first successful restructuring under the ...