March 2025How to Deal with Debt’s DownsideInternational arrangements for rescuing countries from debt distress must be improvedANNE O. KRUEGERPodcastWhen 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 2024New Surveillance TestsIMF monitoring of member countries’ economic health faces a new and generational challengeCeyla PazarbasiogluLoad MoreRelated LinksF&D HomepageF&D TopicsF&D AuthorsCountry Focus
