Tag: DebtServiceDeathSpiral

  • The Peacock Dance: When Every Country Needs Rescue and No One Can Provide It

    George Campbell

    At the IMF Annual Meetings, finance ministers speak of “resilient growth,” but the arithmetic is clear: fifteen of the seventeen countries delivering speeches have debt service ratios approaching 40% of revenue. The 40% threshold is not a policy preference; it’s an empirical finding from 52 sovereign debt crises (1970-2024). At ≈40%, market access is lost,… Read more