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DebtTalks

Sciences Po
Sovereign Debt
Debt Restructuring
IMF
Debt Sustainability
China
Covid-19
World Bank
Argentina
Financial Crisis
Zambia
International Monetary Fund
Paris Club
Hedge Funds
Debt Crisis Of the 1980s
Public Debt Transparency
Global Economy
Sustainable Development Goals
Transparency
Climate Change
Harvard Kennedy School

How do countries incur in debt? And why does debt become unsustainable? How debt crises are triggered, and how a small nation managed to bring the Euro area on the edge of collapse? I am Paola Subacchi (www.sciencespo.fr/psia/sovereign-debt/the-team/), and this is DebtTalks, the podcast of Sciences Po Chair in Sovereign Debt and Finance. With my guests I’ll be discussing the economics and ... more

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Artwork for DebtTalks

Latest Episodes

In this episode of DebtTalks, Paola Subacchi and Martin Kessler explore what happens when a country begins to face mounting debt pressures. What are the early warning signs, and when does concern turn into crisis? The discussion also delves into the ... more

Episode 13 of DebtTalks dives into how Latin America can unlock domestic finance to power - funding major infrastructure while supporting SMEs - to the rise of innovative tools like green and thematic bonds in the Caribbean, the episode explores what... more

As the European Union has emerged as a major bond issuer since the Covid-19 pandemic, this episode explores the fast-growing market for sovereign, sub-sovereign and supranational debt. Paola Subacchi and Lawrence Duquesne-Garner trace the EU’s journe... more

As advanced economies cut international aid, Paola Subacchi and Clemence Landers assess the consequences for developing countries and the global economy. As funding declines, the risks multiply: an aid crisis can deepen debt distress, evolve into a b... more

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Recent Guests

Martin Kessler
Executive Director of the Finance for Development Lab
Finance for Development Lab, Paris
Episode: Debt at the tipping point: warning signs and viable options
Sebastián Nieto-Parra
Head of the Regional Development Dynamics at the OECD Development Centre
OECD Development Centre
Episode: Mobilising capital for economic transformation in Latin America
Lawrence Garner
Managing Director Public Sector Debt Capital Market at Crédit Agricole Corporate and Investment Bank, Sciences Po alumnus
Crédit Agricole Corporate and Investment Bank
Episode: From crisis bonds to long-term investment: financing Europe’s future
Clemence Landers
Vice President and Senior Policy Fellow at the Center for Global Development (CGD)
Center for Global Development (CGD)
Episode: Retrenching aid in a volatile world
Paolo Gentiloni
Former Prime Minister of Italy and European Commissioner for the Economy
United Nations Group of Experts
Episode: Debt in a low-growth world
Guillaume Arditti
Founding partner of Belvedere Advisory and fellow at the Jacques Delors Institute.
Belvedere Advisory
Episode: Closing the financing gaps: innovative finance for developing countries
Piera Tortora
Head of the Secretariat of the Pact for Prosperity, People and the Planet
Episode: Advancing global financial reforms in a turbulent multilateral context
Carlo Monticelli
Governor of the Council of Europe Development Bank and a John Professor at Sciences Po.
Council of Europe Development Bank
Episode: Finance for social good : the Council of Europe Development Bank
Nicole Kearse
Head of Sovereign Finance at the African Legal Support Facility
African Legal Support Facility
Episode: Debt Management in Practice

Host

Paola Subacchi
Host of DebtTalks and chairholder focusing on sovereign debt and finance; numerous episode mentions point to leadership in debt policy discussions.

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Talking Points

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Retrenching aid in a volatile world
Q: What has been the historical role of aid in supporting development, and why is it now under political pressure?
Aid has long served as a public good and a stabilizing force, with donor countries funding health, governance, and growth. However, rising political pressures, competing domestic priorities, and a shift of aid functions into more politically driven departments are making sustained, unconditional aid harder to maintain, leading to debates about efficiency, governance, and how to balance grants with private investment.
Debt in a low-growth world
Q: What role does debt play in the current global economic landscape?
Gentiloni elaborates that debt is increasingly a challenge for both developing and advanced economies, driven by various long-term trends such as aging populations and climate change.
Debt Management in Practice
Q: What would you pick as the most important lessons from the last sort of 15 years of borrowing and the last five years of that restructuring?
Kearse emphasizes the importance of knowing your creditors and having a clear, organized approach to borrowing and contracting.
Debt Management in Practice
Q: How does your work differentiate yourself from the work provided by other advisors?
Kearse states that their unique combination of being in-house legal counsel while providing expertise ensures that sovereigns receive tailored support based on their experience.
Debt Management in Practice
Q: Can you tell us exactly what your role as the head of sovereign finance at the African Legal Support Facility involves?
Nicole Kearse explains that they provide advisory services and capacity building to African governments, helping them manage debt from inception to restructuring.

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Frequently Asked Questions About DebtTalks

What is DebtTalks about and what kind of topics does it cover?

DebtTalks presents a rigorous, policy-oriented exploration of the economics and politics of sovereign debt. Across episodes, it consistently tackles debt sustainability, development finance, multilateral lending, and strategic reforms of the international financial architecture. Interviews blend perspectives from policy makers, finance ministers, development bankers, and think-tank experts, with an emphasis on real-world case studies (e.g., Liberia, Africa, Ukraine) and instruments like debt swaps, social inclusion bonds, and innovative financing for development. A standout feature is its ability to connect high-level policy debates with on-the-ground governance, governance reforms, and the practical constraints facing debtor and creditor n... more

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Which podcasts are similar to DebtTalks?

These podcasts share a similar audience with DebtTalks:

1. Clauses & Controversies
2. The Story of Money
3. Foreign Policy Live
4. FICC Focus
5. The Foreign Affairs Interview

How many episodes of DebtTalks are there?

DebtTalks launched 2 years ago and published 30 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on DebtTalks?

Recent guests on DebtTalks include:

1. Martin Kessler
2. Sebastián Nieto-Parra
3. Lawrence Garner
4. Clemence Landers
5. Paolo Gentiloni
6. Guillaume Arditti
7. Piera Tortora
8. Carlo Monticelli

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