When Rodrigo Paz assumed office in November 2025, he declared an "Economic, Financial, Energy, and Social Emergency." Bolivia's total debt stood alarmingly high at 95%, liquid reserves stood below one month of imports, and the country had run persistent current...
Panda bonds-RMB-denominated sovereign debt issued in China's domestic market-are rapidly gaining traction among emerging market and developing economies (EMDEs). With Chinese government yields near historic lows and frontier market borrowing costs approaching 10%, the headline appeal is clear: cheaper funding...
Bending the Climate Change Curve by Blending Finance: What is the Real Potential Value-Added of Guarantees?" Download the paper The investment needs for mitigating and adapting to climate change are substantial and challenging to finance for emerging markets and developing...