High Interest Rates, Debt Distresses and Sovereign Debt Restructurings: Have We Reached Peak?

The increase in interest rates over the past two years has led to higher borrowing costs and sovereign debt servicing. This, along with a strong U.S. dollar and slowing global economic growth, has resulted in a growing number of developing countries’ debt distresses and restructurings, including Ghana, Sri Lanka and Malawi.

Currently, governments, International Financial Institutions and market analysts expect that inflation, the underlying force of the prevailing high interest rates, will subside soon and subsequently interest rates. Such developments will provide a respite to current debt pressures and push for restructurings.

The conference intends to provide a forum for exchanging views on the current state of affairs and offer insights for future developments.