About the authors: Benn Steil is director of international economics at the Council on Foreign Relations and the author of The World That Wasn’t: Henry Wallace and the Fate of the American Century .

Through time, governments have often been dependent on debt to finance themselves, some in the local currency and much in a foreign currency. The consequences of sovereign default have been both ...

Ukraine has fewer than four weeks to strike a deal with its creditors or risk a default that could seriously harm the economic recovery of the war-ravaged country. Two years ago, Ukraine's private ...

Sovereign defaults are at a record high, with 14 default events since 2020, Fitch said. That's compared to 19 such events between 2000 and 2019, according to the ratings agency. Default events are ...

Sovereign default risks are on course to rise further in 2021, with Iraq, Sri Lanka, Angola and Gabon at high probability of default, say Goldman Sachs analysts.

The analytical paper, published this month, says the number of sovereigns in default went from 92 in 2023 to 86 in 2024 – the ...

He said that Pakistan stood 2nd only to Turkey in Global Emerging Market (EM) Rankings in Default Risk Reduction, as the ...

* WEF highlights threat from fiscal crises, chronic diseases * Risk of underinvestment in infrastructure also key * Warns of increased interconnection among risks * Danger that underlying strains, ...

As per the latest data by Bloomberg shared by Adviser to Finance Minister Khurram Shehzad, Pakistan stood second only to ...

Pakistan has recorded a remarkable improvement in its sovereign default risk, becoming the second-best performer globally ...

Moody’s attempt to improve the transparency and predictability of its credit ratings should be welcomed. But is it high time the agency dropped the pretence of default-signalling when, like its rivals ...