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…

Some fundamental problems with the IMF’s Common Framework for debt restructuring have become apparent. Not the least, debt restructuring shouldn't just be an issue for low-income countries.

Economists Benn Steil and Glenn Hubbard give their respective takes on the debt ceiling and the United States' national debt.

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…

Now that Congress voted to pass a bill based on the Biden-McCarthy compromise, an immediate debt ceiling crisis appears to have been averted. Still, a much larger debt problem awaits.