Sovereign debt remains a defining fault line for global markets. Emerging and frontier economies continue to face high debt burdens, tighter external financing conditions, and complex restructuring processes. At the same time, the international debt architecture is evolving—through the G20 Common Framework, the Global Sovereign Debt Roundtable, and innovations such as state-contingent instruments and climate-resilient debt clauses.
Our latest deep-dive report, Sovereign Debt and Global Financial Stability: A Market-Oriented Lens on Risks, Restructurings, and Opportunities (2025–2027), provides institutional investors, regulators, and policymakers with a comprehensive view of:
- The global macro backdrop for emerging-market debt issuance and spreads
- A country vulnerability map across solvency, liquidity, external resilience, market access, and policy anchors
- Lessons from recent restructurings in Zambia, Ghana, and Sri Lanka
- The evolving role of CRDCs, SCDIs, and collective action clauses
- Strategic implications under baseline, downside, and upside scenarios
This report builds on the Bank & Finance Deep-Dive Series, offering a framework to navigate sovereign risk at a time of heightened macro uncertainty and growing demands for more resilient debt markets.
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