Share this article

Listen to this article


This paper seeks to highlight key issues pertaining to debt relief and moratoria under the Debt Service Suspension Initiative (DSSI), including the importance of debt relief under public resource constraints in the developing world, the difficult trade-offs of capital markets access and accruing interest payments, the need for prolonging moratoria, and the disinterest of private creditors in the rehabilitation of third world economies. The findings suggest that, while international cooperation on debt relief is necessary during the pandemic, the distorted motives of private power make the rescue of the developing world a more difficult proposition.

Working Paper

Recent Publications

Browse through the list of recent publications.

The US Federal Reserve

The Blundering Fed

As countries in the developing world have begun to falter economically during the post-Covid era, their publics have begun to seethe with a rage directed at

Read More »