When Governments Owe Money

There’s no end in sight for sovereign debt crises in developing economies. What started with Sri Lanka and Lebanon has now spread to other countries, including Bolivia, Kenya, and Pakistan. What’s causing these crises? Are they likely to spread? And what can be done to tackle them? Anupam Manur joins Aditya Ramanathan to discuss some of the uncomfortable truths about sovereign debt crises and why they can be hard to solve. You can listen to our episode from last year on the Sri Lanka crisis here: All Things Policy Ep. 796 : What went wrong with the Sri Lankan economy?