Rowan Rockafellow (罗安)
@rrockafellow.bsky.social
EM debt, China, and Climate Finance | CGD, Ex-USAID
And, finally, I really like this chart.
June 20, 2025 at 4:55 PM
And, finally, I really like this chart.
Collateralized loans and repos make for prolonged, messy restructurings. They appear to get restructured a lot. They also dilute and subordinate other creditors. Uncertainty around details of these contracts undermines sovereign credit analysis and likely widens uncertainty premia.
June 20, 2025 at 4:55 PM
Collateralized loans and repos make for prolonged, messy restructurings. They appear to get restructured a lot. They also dilute and subordinate other creditors. Uncertainty around details of these contracts undermines sovereign credit analysis and likely widens uncertainty premia.
High-level debt data is improving. Share of low-income countries with 2+ year old data is down 15 percentage points. 80% now publish external, domestic, central government-guaranteed debt. World Bank IDS data added $630 B previously undisclosed loan commitments since 2018.
June 20, 2025 at 4:55 PM
High-level debt data is improving. Share of low-income countries with 2+ year old data is down 15 percentage points. 80% now publish external, domestic, central government-guaranteed debt. World Bank IDS data added $630 B previously undisclosed loan commitments since 2018.