• Hidden sovereign debt
    Developing countries are systematically underestimating the official size of their sovereign debt, an analysis of World Bank statistics has shown. Over the past 50 years, hidden sovereign debt has reached $1 trillion. When Zambia and Chad applied for debt restructuring under the new G20 program in 2021, they faced an unexpected problem: it turned out that the countries did not have complete...
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  • Is Government Debt Bad?
    Is Government Debt Bad? Government debt is one of the most debated topics in economics and politics. Headlines often portray it as a looming danger—something that must be reduced to avoid crisis. Yet many countries operate with large and persistent levels of debt without immediate disaster. So, is government debt inherently bad? The answer is more nuanced: it depends on how much debt...
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