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Blog Post
April 20, 2022
In 2021, Ghana announced a plan to issue sovereign bonds of up to $2 billion, with proceeds due partially to fund a free secondary school program. Just months later, Ghana’s rising debt burden means this is no longer feasible. Can developing countries tap the social bond market in order to fund publ...
Blog Post
March 04, 2022
As the war in Ukraine shakes the moral conscience of the world, the question is what the global community can do to help those suffering within the country and outside. One proposal, laid out in POLITICO on Tuesday, is to use the $650 billion worth of Russia’s Central Bank assets that have been froz...
Blog Post
January 26, 2022
Consider the situation. Faced with growing fiscal stress, the government of an energy-exporting country decides to cut generous subsidies, doubling the price of fuel overnight. Protestors are out on the streets, clashing violently with security forces called in to maintain law and order. They vent t...