In this episode of DevTalks Deep Dive, we explore the latest edition of the Debt Transparency Monitor from USAID’s Fiscal Accountability and Sustainable Trade (FAST) project. Public debt in low- and middle-income countries (LMICs) has been steadily rising over the past decade, further exacerbated by the COVID-19 pandemic, leading many countries into unsustainable debt levels. Inadequate debt transparency, especially with the growing involvement of non-traditional lenders like the People’s Republic of China (PRC), has complicated reporting and increased fiscal risks for LMIC governments.
The episode highlights the importance of debt transparency in areas such as promoting fiscal sustainability, democratic accountability, and economic sovereignty, as well as how international institutions like USAID are working to strengthen public debt reporting and governance. Tune in to learn more about the Debt Transparency Monitor, and read the Monitor to learn about the implications of debt transparency on credit ratings, investment, and broader governance reforms.
Read the Monitor here: https://dec.usaid.gov/dec/content/Detail_Presto.aspx?ctID=ODVhZjk4NWQtM2YyMi00YjRmLTkxNjktZTcxMjM2NDBmY2Uy&rID=NjM0ODA4
