Introducing a sovereign stress tracker covering 100+ countries, based on the IMF’s Debt Sustainability Framework for Market-Access Countries. The model used in this analysis suggests that sovereign debt strains are lower in 2023 than they were in either 2022 or 2020 for this group of countries. MACs comprise all economies that are lower-middle income and above, including many emerging economies and all advanced economies. In 2021, the IMF released its new Debt Sustainability Analysis framework for Market-Access Countries, in line with its differentiation between MACs and low-income countries. The reasons given for distinguishing between these two groups is that MACs generally have significant access to international capital markets, whereas LICs rely on concessional resources to fulfill their external financing needs. […]