PodcastWhen Sovereign Debt Breaks its PromiseFor decades, governments have been tapping into global sovereign debt markets to smooth ups and downs in revenue with the hope that it would help spur investment. But what happens when government borrowing fails to deliver? Mark Aguiar is the Director of the International Economics Section at Princeton University, and his research suggests that sovereign borrowing to stabilize the economy may have the opposite effect.MARK AGUIARJune 2024The IMF Must Lead on Debt SustainabilityReform of its lending arrangements for middle-income countries is overdueMIA AMOR MOTTLEYJune 2024The Poisoned Chalice of DebtSovereign borrowing—meant to spur investment and smooth ups and downs in revenue—may do just the oppositeMARK AGUIARLoad MoreRelated LinksF&D HomepageF&D TopicsF&D AuthorsCountry Focus
