This paper examines the origins, evolution, and resolution efforts surrounding Sri Lanka's 2022 sovereign debt default …

Since their inception in 1987, debt-for-nature swaps (D4NS) have emerged as a popular policy tool to simultaneously … address sovereign debt burdens and environmental challenges. Drawing on a newly constructed database of global D4NS … transactions. I argue that a combination of limited debt distress, relatively inexpensive debt burdens, and low levels of privately …

Britain's debt was nil in 1688 and 60% of GDP in 1717. From 1717 to 1722 the debt was restructured, including through … (but far less than was feasible) and, very reluctantly, from taxpayers to creditors. Commitment to honor the debt was still …

This paper examines the impact of public debt servicing on private investment in Egypt within the debt overhang … hypothesis. While existing research largely focuses on the debt-growth relationship, limited attention has been given to how debt … key mac-roeconomic variables. Results provide statistically significant evidence of a long-run debt overhang effect …

Sri Lanka’s debt restructuring distinguishes itself from others by its complexity due to a particularly diverse … creditor landscape and novel instruments issued in the restructuring. Not eligible for the G20 Common Framework for Debt … stakeholders. The majority of official debt was held by non-traditional creditors outside of the Paris Club and domestic borrowing …

Leveraging a unique dataset that combines country-level information on debt restructuring with firm-level data from … theWorld Bank Enterprise Surveys (WBES) spanning from 2004 to 2023, we analyze the effects of debt restructuring on firm sales … restructurings, we find that sovereign debt restructuring increases firm performance by 5-9 percentage points, with stronger effects …