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The Political Economy of Debt

Editor

Listed:
  • Kshitiz Dahal
    (South Asia Watch on Trade, Economics and Environment (SAWTEE))

  • Paras Kharel
    (South Asia Watch on Trade, Economics and Environment (SAWTEE))

Abstract

Many countries witnessed a surge in their public debt levels after the COVID-19 pandemic and hence public debt issues were once again at the forefront. South Asian nations also saw a rise in their public debt levels. Unsustainable public debt led Sri Lanka to default on its sovereign debt in April 2022 and Pakistan witnessed severe difficulties in servicing its debt. Nepal, while not witnessing any imminent debt crisis, has, nonetheless, seen a meteoric rise in its public debt stock. Against this background, the book chapter presents important insights from the experiences of public debt in three South Asian countries—Nepal, Pakistan, and Sri Lanka. It identifies what lies at the heart of the debt crisis witnessed by Sri Lanka and Pakistan, which offers valuable lessons to countries like Nepal on treading a sustainable path of debt accumulation.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Kshitiz Dahal & Paras Kharel (ed.), 2024. "The Political Economy of Debt," Books, South Asia Watch on Trade, Economics and Environment, number the-political-economic-of.
    • Handle: RePEc:saw:wbooks:the-political-economic-of-debt
    as

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    File URL: https://www.sawtee.org/publications/The-political-economic-of-debt.pdf
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    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    public debt; government debt; budget deficit; fiscal mismanagement; debt-trap; debt sustainability; debt management;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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