August 3, 2026

Analysis

Protected: Brady’s Lessons

Stephen Paduano, Julian Watrous

An ambitious debt-restructuring program helped nations recover from the Lost Decade—can it help again today?

Dakar, Senegal, 2024

Filed Under

Latin America and the Caribbean, Sub-Saharan Africa, United States, Finance & Development, Public Administration

Further Reading

Parallel Systems

China, the IMF, and the future of sovereign debt financing

Another Lost Decade?

The systemic character of the global periphery debt crisis.

Restructuring Sovereign Debt

An interview with Ken Shadlen

Further Reading

Parallel Systems

China, the IMF, and the future of sovereign debt financing

At the start of her three-nation tour of Africa this January, US Treasury Secretary Janet Yellen spoke to the Associated Press in Senegal, bemoaning the...

Nicholas Jepson

Another Lost Decade?

The systemic character of the global periphery debt crisis.

Contrary to common beliefs on fiscal fundamentals, the current debt crisis in the global periphery demonstrates that the solvency of sovereign states is determined by...

Karina Patricio Ferreira Lima

Restructuring Sovereign Debt

An interview with Ken Shadlen

Ken Shadlen's research examines how international institutions can create unique challenges for developing countries and, in doing so exacerbate core-periphery inequalities.

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