EM Drop-In: Sovereign debt risks in a fracturing global economy

EM sovereign debt problems have been thrust back into the spotlight after the latest World Bank and IMF meetings, with promises of a quicker resolution to restructurings in debt-distressed EMs. But can the hurdles that have gummed up debt talks really be overcome? And which other EMs might follow in the footsteps of Sri Lanka, Ghana and Zambia towards default?

Our latest EM Drop-In explored the latest on debt restructuring, how Chinese and Western lending might develop in the future, and where sovereign debt risks are most acute. During this online briefing, economists from across our EM services addressed key issues, including:

• Whether Western and Chinese creditors can put aside their differences;
• What other EM debt risks are lurking out there;
• The outlook for EM sovereign bonds.