OECD Sovereign Borrowing Outlook 2023
This edition of the OECD Sovereign Borrowing Outlook analyses the impact of increased macroeconomic and geopolitical uncertainty on sovereign borrowing needs and borrowing conditions. It provides outstanding debt amounts from 2007 to 2022, along with 2023 projections for OECD member countries. It also reviews sovereign debt issuance trends in emerging markets and developing economies. This edition continues to explore the perspective of public debt managers on sustainable bonds, with a focus on reporting requirements and performance of these bonds in markets. It also provides recommendations for sovereign debt management offices on how best to develop and implement buyback programmes.
Editorial
Market and funding conditions have shifted considerably since the last edition of the Sovereign Borrowing Outlook in 2022. In the year since the pace of monetary policy tightening has accelerated, global financial risk appetite has shifted, and investor confidence has declined. This marks the end of a long period of benign funding conditions for sovereign issuers as they adjust to new realities and a rapidly evolving market environment. The 2023 Outlook analyses recent trends in sovereign debt markets, presents new data and forecasts, and discusses considerations for sovereign issuers navigating the immediate challenges presented by this new landscape, and the longer-term issues facing public debt management.
- Click to access:
-
Click to download PDF - 337.39KBPDF