The IMF has two frameworks for assessing debt sustainability. The market access country framework is more technically advanced, but it isn't delivering reasonable targets for debt restructuring cases…

In a stunning upset today, Sri Lanka’s Maithripala Sirisena defeated ten-year incumbent strongman President Mahinda Rajapaksa. Sirisena is a former member of President Rajapaksa’s cabinet who defecte…

CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.”  Sri Lanka and Tunisia Struggle with Accou…

Emerging Voices features contributions from scholars and practitioners highlighting new research, thinking, and approaches to development challenges. This article is from Ruth Canagarajah, a Fulbrigh…

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…