Martin Kessler
@mkessler.bsky.social
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Executive Director of the Finance for Development Lab; development finance geek;
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Martin Kessler
Ugo Panizza
4 months ago
DebtNerds drinks at the very cool Ground Control in Paris with
@agelpern.bsky.social
@davidmihalyi.bsky.social
@mkessler.bsky.social
@theomaret.bsky.social
@diegorivetti.bsky.social
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Martin Kessler
Initiative for Policy Dialogue
4 months ago
As the launch wraps up, check out coverage we’ve gotten from around the world.
www.theguardian.com/world/2025/j...
www.reuters.com/world/vatica...
www.jeuneafrique.com/1698843/econ...
www.catholicregister.org/item/2403-fi...
oglobo.globo.com/blogs/miriam...
www.infobae.com/economia/202...
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Developing countries ‘need more debt relief’ to fund education and health
Research warns poorer governments prioritising debt payments over essential development spending
https://www.theguardian.com/world/2025/jun/20/developing-countries-debt-write-off-alleviate-extreme-poverty-report
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Martin Kessler
Initiative for Policy Dialogue
4 months ago
Cardinal Turkson reads statement from Cardinal Parolin, Secretary of State, at Jubilee Report Launch.
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Martin Kessler
Initiative for Policy Dialogue
4 months ago
The Vatican-backed Jubilee Report in now live! Join us for the Virtual Launch today, June 20, 9am to 5pm Rome:
gsb-columbia-edu.zoom.us/j/92116812349
Read report:
bit.ly/4kNj3e8
#JubileeReport
@josephestiglitz.bsky.social
@martinguzman.bsky.social
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Martin Kessler
Finance for Development Lab
4 months ago
The Vatican-backed Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy launches today!
#JubileeReport
,
#Jubilee2025
,
#TurnDebtIntoHope
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reposted by
Martin Kessler
Finance for Development Lab
4 months ago
@mkessler.bsky.social
@mazzucatom.bsky.social
@jayatighosh.bsky.social
@marinazucker.bsky.social
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https://bsky.app/profile/marinazucker.bsky.social
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Martin Kessler
Finance for Development Lab
5 months ago
📢 Read Martin Kessler's new piece: "The Age of Opportunistic Fragmentation: Rethinking
#DevelopmentFinance
in Trump II Era". It's time to reflect before
#FfD4
in Sevilla.
@mkessler.bsky.social
@grandcontinent.bsky.social
🔗 Read here (in French) 👇
legrandcontinent.eu/fr/2025/05/2...
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L'ère de la fragmentation opportuniste : penser la finance du développement après Trump | Le Grand Continent
« America First is not America alone ». Sur le multilatéralisme et les institutions de Bretton Woods, Washington tente par tous les moyens de tordre à son avantage le système — sans en sortir complèt...
https://legrandcontinent.eu/fr/2025/05/26/lere-de-la-fragmentation-opportuniste-penser-la-finance-du-developpement-apres-trump/
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Martin Kessler
José Antonio Sanahuja
5 months ago
🤔 Oportuno artículo de Martin Kessler
@mkessler.bsky.social
sobre Trump 2.0 y el escenario global de la financiación para el desarrollo, a discutir en el marco de 🇺🇳 en Sevilla: multilateralismo debilitado, multipolaridad regionalizada, bilateralismo oportunista👇
legrandcontinent.eu/es/2025/05/2...
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La era de la fragmentación oportunista: pensar las finanzas del desarrollo tras Trump - El Grand Continent
«America First is not America alone». Sobre el multilateralismo y las instituciones de Bretton Woods: Washington intenta por todos los medios torcer el sistema a su favor —sin salir completamente de ...
https://legrandcontinent.eu/es/2025/05/26/la-era-de-la-fragmentacion-oportunista-pensar-las-finanzas-del-desarrollo-tras-trump/
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Martin Kessler
7 months ago
David Feldman, been there, done that:
www.jstor.org/stable/10612...
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Martin Kessler
Anna Gelpern
7 months ago
Countdown to
#DebtCon8
paper deadline! March 31 is it. Six. Days. Don’t sleep on it y’all.
#debtcon
#sovereigndebt
#PublicDebtIsPublic
@upanizza.bsky.social
@laynamosley.bsky.social
@mkessler.bsky.social
@georgetownlaw.bsky.social
www.law.georgetown.edu/iiel/initiat...
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DebtCon
https://www.law.georgetown.edu/iiel/initiatives/sovereign-debt-forum/interdisciplinary-sovereign-debt-research-and-management-conference-debtcon/
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Martin Kessler
Anna Gelpern
7 months ago
add a skeleton here at some point
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Martin Kessler
Princeton Sovereign Finance Lab
7 months ago
A reminder that the call for papers deadline for the 2025 DebtCon8 meeting, October 13-15 at Georgetown Law School, is March 31. More information here:
www.law.georgetown.edu/iiel/initiat...
(Policy panel proposals accepted through April 30)
@laynamosley.bsky.social
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DebtCon
https://www.law.georgetown.edu/iiel/initiatives/sovereign-debt-forum/featured-events/interdisciplinary-sovereign-debt-research-and-management-conference-debtcon/
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Martin Kessler
Finance for Development Lab
8 months ago
🌍💰 New Paper by Adil Ababou of
@gatesfoundation.bsky.social
: “Debt for what swaps?" setting out 3 guiding principles to ensure the potential of swap resources is optimized: 1️⃣ Define LT vision 2️⃣ Target expenditures for LT financing 3️⃣ Ensure additionality with government spending.
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Martin Kessler
Finance for Development Lab
8 months ago
🌍💡 New Policy Note just released! “Planning and Implementing the Climate and Development Transformation: Country Platforms as Enablers”. Drafted in partnership with
#C3A
.
#ClimateAction
#SustainableDevelopment
#FinanceForDevelopment
#CountryPlatforms
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reposted by
Martin Kessler
Finance for Development Lab
8 months ago
🌍🤝 Opening of the 2025 Amplifying African Voices dialogue series w/ Prof Tang Xiaoyang (Tsinghua Univ) & Hannah Ryder (Dev Reimagined). Dive into the evolution of
#ChinaAfrica
relations: new models for engagement?#Africa
#Investment
#DebtRestructuring
#AAV
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Martin Kessler
Finance for Development Lab
7 months ago
🚨 New Policy Paper Alert! 📄 📢 "HOW THE UK CAN PLUG THE ODA HOLE?" ➡️ On February 28, 2025, PM Keir Starmer announced a significant ODA reduction from 0.5% to 0.3% of GNI, translating to a projected £6.2 billion cut to the UK's aid budget!
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Martin Kessler
Finance for Development Lab
7 months ago
📈 Focusing on the 2019 debt situation, Marin Ferry and Ishac Diwan uncovered significant differences in how countries managed their borrowing after the 2000s debt reduction schemes. 💡 Not all nations that borrowed extensively fell into crisis.
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Martin Kessler
Finance for Development Lab
7 months ago
🌍 Why are developing countries heavily indebted, again? 🤔 Our latest analysis by Marin Ferry and Ishac Diwan reveals that the debt crises affecting poorer nations are not as inevitable as they seem.
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Martin Kessler
Tim Hirschel-Burns
8 months ago
🚨for development nerds: the new draft of the
#FfD4
outcome doc is OUT! At 1st glance, it seems quite similar w/ a few welcome steps up in ambition, including a new target to 3x MDB lending in next 10 yrs + a call for debt relief to favor concessional creditors
financing.desa.un.org/sites/defaul...
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https://financing.desa.un.org/sites/default/files/2025-03/FFD4%20Outcome%20First%20Draft.pdf
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Martin Kessler
Kevin Carey
8 months ago
Eurobond prospectuses referencing the USAID disruptions: "Kenya, a major beneficiary of USAID, has been significantly impacted, with thousands of health workers facing retrenchment. The temporary 90-day waiver permits some continued aid, but long-term stability remains uncertain. The Kenyan ..."
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Martin Kessler
Bernat Camps Adrogué
8 months ago
The African Financing Stability Mechanism (AFSM) technical and operational report is finally out! Africa is the only continent without a Regional Financing Arrangement, making this initiative a game changer to address African financial vulnerabilities.
www.afdb.org/en/documents...
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African Financing Stability Mechanism (AFSM) Technical and Operational Report
https://www.afdb.org/en/documents/african-financing-stability-mechanism-afsm-technical-and-operational-report
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Can smarter people explain to me why Egypt is 21% richer than South Africa ($18.5k in GDP per capita PPP vs. $15.2) but is a lower middle-income country while South Africa is UMIC? Is it about GNI/GDP or Atlas method? Anyway - it's weird!
8 months ago
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Martin Kessler
Sebastian Grund
9 months ago
1/ 📢New paper alert: "The International Financial Architecture and Sovereign Debt Crisis Resolution" by
@clemensgvl.bsky.social
, Juan Farah Yacoub and myself:
papers.ssrn.com/sol3/papers....
. Short 🧵👇
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https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5108863The
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Martin Kessler
Ugo Panizza
9 months ago
🔥 CALL TO ARMS, DEBTNERDS! 🔥 DebtCon is BACK where it all began. Don't miss the 10-year anniversary conference. 📅 Mark your calendars, sharpen your pencils, and send in those papers.
@agelpern.bsky.social
@laynamosley.bsky.social
@mkessler.bsky.social
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Martin Kessler
Finance for Development Lab
9 months ago
📣 📚 New Release! We just published a Working Paper along with a comprehensive database that spans 1️⃣1️⃣ years and includes 6️⃣0️⃣5️⃣ Debt Sustainability Analyses for Low-Income Countries. Our goal is to allow researchers to dig into how debt projections are made and their impact.
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Martin Kessler
Finance for Development Lab
9 months ago
Authors:
@mkessler.bsky.social
@brendanhv.bsky.social
and Antoine Gaudin Let us know what you think!
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Martin Kessler
Finance for Development Lab
10 months ago
📣 📊 The latest World Bank International Debt Statistics 2024 reveal a worsening crisis for developing countries. With rising global interest rates & capital outflows, financial fragility is at an all-time high. Read our Short Note👇.
#DebtCrisis
#GlobalEconomy
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Our first bluesky substantive post ! How do we get viral here ?
add a skeleton here at some point
10 months ago
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Martin Kessler
Layna Mosley
10 months ago
Die Hard is about a (prospective) bondholder claiming coupon and principal payments on (now obsolete) debt securities. Die Hard is a sovereign finance movie.
add a skeleton here at some point
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Martin Kessler
Devex
10 months ago
Contributors to this opinion piece were: - Mma Amara (Centre for the Study of the Economies of Africa (CSEA)) - Rob Floyd (African Center for Economic Transformation (ACET)) -
@mkessler.bsky.social
(
@findevlab.bsky.social
) - Beverly Musili (Oxfam)
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Martin Kessler
Kevin Carey
11 months ago
World Bank / Cote d'Ivoire debt for development (education) swap: for those who want to dig into all the details of the swap, here's the loan document for the guarantee part of it including description of the overall transaction.
documents.worldbank.org/curated/en/0...
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Côte d'Ivoire - Third Investment for Growth Development Policy Financing Project
The development objective of Third Investment for Growth Development Policy Financing Project for Côte d'Ivoire is to: (1) strengthen competition in key enabling sectors .
http://documents.worldbank.org/curated/en/099111124150025880/BOSIB1bb49b06000c18d5718efdb2d54f6b
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Martin Kessler
Teal
11 months ago
It's happening.... The World Bank's International Debt Statistics (IDS) are a fantastic resource. And a total pain in the ass to work with... Until now. {wbids} - an
#Rstats
package for efficiently getting and working with IDS data. Expect an MVP by eom...
#EconSky
#FinSky
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Martin Kessler
Charles Kenny
11 months ago
Good news the UK IDA 21 pledge of $2.5bn is up from the $2bn pledge at IDA 20. Of course IDA 20 was a nadir. There’s a reception to celebrate the new pledge. Given it is worth 53% of the UK IDA 19 pledge in 2020, I hope glasses are charged half-full.
www.gov.uk/government/n...
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New UK investment to unlock billions to tackle root causes of irregular migration, climate change and growth crises
UK announces contribution to International Development Association (IDA), the World Bank’s fund for the world’s lowest income countries
https://www.gov.uk/government/news/new-uk-investment-to-unlock-billions-to-tackle-root-causes-of-irregular-migration-climate-change-and-growth-crises--2
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Martin Kessler
Daniel Munevar
11 months ago
Great overview of status and main characteristics of the wave of recent debt restructurings by JPM. Useful to think about comparisons with historical benchmarks. In most cases NPV relief is below historical median of 38-42%. A harbinger of serial restructurings?
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Martin Kessler
Jennifer Doleac
11 months ago
I’m thinking a lot about perverse incentives in the CJ system & how to fix them. Ex: which level of govt should pay for incarceration - the state (which operates prisons) or counties (which make sentencing decisions)? Check out my interview w Aurelie Ouss!
www.probablecausation.com/podcasts/epi...
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Episode 110: Aurélie Ouss — Probable Causation
Date: November 19, 2024
https://www.probablecausation.com/podcasts/episode-110-aurelie-ouss
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