How Sovereign Debt Crises Are Becoming Geopolitical: Lessons from Sri Lanka – The SAIS Review of International Affairs

A recent working paper from a team of experts at the International Monetary Fund (IMF) noted that, “Sri Lanka’s debt restructuring distinguishes itself from others by its complexity due to a particularly diverse creditor landscape and novel instruments issued in the restructuring.” The statement underscores how sovereign debt crises like Sri Lanka’s 2022 debt restructuring