The paper presents detailed case studies of countries such as Kenya, Nigeria, and Suriname. While these nations have seen marginal improvements in financing conditions, they still grapple with high capital costs. For example, while Kenya has successfully issued Eurobonds at lower yields than prior issues, it continues to prioritize market financing over potentially costly IMF programs. Conversely, countries like Laos and the Republic of Congo illustrate the challenges faced by lower-rated issuers, entering the market under distressing conditions, thus raising concerns about long-term debt sustainability. […]