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Surging interest rates on dollar- and euro-denominated loans in recent years have prompted countries to turn to domestic markets for their borrowing needs. Amadou Sy heads the IMF Regional Studies division. In this podcast, he says there are benefits to issuing debt in local markets and in local currency.
AMADOU SY
Debt | March 2026
Credible institutions and consensus building led to halving public debt
BARRY EICHENGREEN
SERKAN ARSLANALP
PETER BLAIR HENRY
Countries must shift toward fiscal discipline and reforms that raise long-term growth
ZSOLT DARVAS
JEROMIN ZETTELMEYER
Shifts from external to domestic debt come with rewards and risks
Athene Laws
Digitalization | March 2026
Finance ministries must think about digital public infrastructure as they do roads and power grids
Diane Coyle
DAVID EAVES
BEATRIZ VASCONCELLOS
Political economy | March 2026
Wang invites consideration of how governing philosophies lead China to engineer and the US to litigate
MELANIE SISSON
Currencies | March 2026
Eichengreen argues that it is the absence of an alternative currency that has sustained dollar dominance so far
CATHERINE SCHENK
Taxes | March 2026
Why raising revenue is central to development
KATHERINE BAER
RUUD DE MOOIJ
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