Second Annual Workshop on Political Economy of Sovereign Debt
The sovereign finance landscape is undergoing significant changes. Many low-income countries continue to face high risks of debt distress and crisis. Shifts in donor countries’ priorities have resulted in reduced grant financing, leading to increased borrowing needs in many cases. China remains a major bilateral lender, but net flows from China have reversed in recent periods. Continued uncertainty regarding tariffs, commodity prices, and geopolitical tensions further complicates the situation. Simultaneously, many developing countries have begun to rely more heavily on domestic rather than external borrowing.
The Second Annual NYU Workshop on the Political Economy of Sovereign Finance brings together scholars to examine the rapidly evolving landscape of sovereign debt. Topics include the shifting roles of bilateral and multilateral creditors, domestic political constraints on borrowing, China’s influence as a global lender, the rise of domestic debt in developing countries, and the design of debt contracts and restructuring mechanisms.