Government Debt in Rough Waters: A Navigation Guide

Reports and studies — New York, Financial Advisory, Sovereign Advisory

September 29, 2020

How governments learn to live with such debt levels or find orderly — or less orderly — ways to reduce them will have a critical impact on people’s lives across the world.

In this report, Lazard’s Sovereign Advisory Group examines ways to improve outcomes for governments facing a debt reckoning. The report explores key characteristics of today’s sovereign debt landscape:

  • The wide variation in public debt levels across countries and the fact that each country’s capacity for debt is highly idiosyncratic
  • The complex policy trade-offs faced by governments at risk of financial distress
  • How a significant evolution in the creditor base is changing the dynamics of debt restructuring
  • How the process of debt restructuring could be made smoother

Download the review to read the findings in full.

Latest Insights

February 22, 2024 Reports and studies
February 20, 2024 Reports and studies

View all