More than half of the world’s low-income countries are at high risk of debt distress or are already in it, and several have defaulted. But despite the world’s 20 largest economies having agreed in ...

LONDON, March 28 (Reuters) - Zambia's deal with bondholders this week suggests it will finally emerge from more than three years in default -- and become the first successful restructuring under the ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The Common Framework is now three years old. Zambia has been in default for that ...

Governments across Africa, Asia, and Latin America have been forced to cut spending on education, health care, and infrastructure to keep funds flowing to foreign creditors, undermining global ...

The sovereign-debt crisis is hitting Africa particularly hard and could lead to a lost decade of development. While the G20 has tried to ease the burden, its Common Framework has proven ineffective ...