Ghana is trying to restructure its local and external debt, … aiming for total debt of 55% of GDP in present value terms. We show present val...

Sri Lanka secured a $2.9bn IMF program pending debt restructuring talks. We assess capacity to pay interest on restructured debt in coming years. ...

Several EMs are seeing outflows from local-currency government bonds. China is one of them, in the context of record portfolio outflows in Q1. Our t...

Kenya is one of the frontier markets cut from the bond market. The IMF program promises a lot of frontloaded fiscal adjustment, … by the stan...

El Salvador’s funding gap through the January bond payment, … could be 4% of GDP in the mild scenario we presented last week. Already ...

Many frontier markets have lost bond market access, … but have to meet sizable external financing needs soon. We estimate such funding needs ...

Sri Lanka has gone into distress as we predicted last year. Devaluation will compress demand and imports drastically, … but will be insuffi...

Sri Lanka repaid another external bond out of reserves in late July. The current account deficit is widening and financing is scarce, … but...

A Eurobond matures in July and buffers are very limited. Current account deficits will also add to financing needs. Repaying the bond out of reser...

Sri Lanka’s debt ratio will continue increasing, … unless new fiscal measures offset recent tax reform. External borrowing needs are ...

Sri Lanka’s current account deficit will widen this year, … and external bond amortization will be hard to manage. We see substantial...