HKS Affiliated Authors
James W. Harpel Professor of Capital Formation and Growth
Excerpt
Excerpt
April 25, 2023, Opinion: "Even if they manage to convince their creditors to restructure their debts, commodity-exporting debtor countries are still vulnerable to sudden price fluctuations. Commodity bonds could help remove the most significant source of risk facing many debt-distressed countries in Africa, Latin America, and the Middle East."