After a year of research and engagement with the Uganda Development Bank, @anninak.bsky.social, @bbonizzi.bsky.social, @iweigandi.bsky.social and I share this new briefing on a currency risk-sharing facility for long-term local currency climate finance in Uganda. www.linkedin.com/posts/kpatri...

Briefing: Currency Risk-Sharing Facility | Karina Patrício Ferreira Lima

Currency risk is a structural constraint in development finance, and this is even more pronounced in climate finance. Climate and infrastructure projects generate revenues in local currency, yet finan...

linkedin.com

New Guest Comment by @kpatricio.bsky.social, Celine Tan and Stephen Connelly sets the record straight on new proposed UK legislation to provide debt relief to developing countries, calling the IMF recent analysis of the proposal “misplaced” #BWObserver Winter25 🔗 tinyurl.com/DebtReliefUK

Legislative pathways to sovereign debt relief: What the IMF gets wrong – and how to fix it

New report from IMF on resolving debt restructuring linked to private creditors may lead to flawed analysis.

tinyurl.com

I am pleased to publish this new BWP Observer piece with Celine Tan and Stephen Connelly, engaging constructively with the IMF’s 2025 stocktake on sovereign debt. We argue that different legislative approaches cannot be treated as equivalent. Read here: www.brettonwoodsproject.org/2025/12/legi...

Legislative pathways to sovereign debt relief: What the IMF gets wrong – and how to fix it

New report from IMF on resolving debt restructuring linked to private creditors conflates fundamentally different legislative proposals, leading to flawed analysis.

brettonwoodsproject.org

I am pleased to publish this new BWP Observer piece with Celine Tan and Stephen Connelly, engaging constructively with the IMF’s 2025 stocktake on sovereign debt. We argue that different legislative approaches cannot be treated as equivalent. Read here: www.brettonwoodsproject.org/2025/12/legi...

Legislative pathways to sovereign debt relief: What the IMF gets wrong – and how to fix it

New report from IMF on resolving debt restructuring linked to private creditors conflates fundamentally different legislative proposals, leading to flawed analysis.

brettonwoodsproject.org

I am excited to join this panel hosted by Phenomenal World on Tuesday 2 December to discuss Argentina’s recurring debt traps, its relationship with the IMF and China, and the recent US intervention in support of the Milei government, among other matters. Sign up here: bit.ly/argentina-imf

The recently announced US Treasury swap line to Argentina tells a larger story – one of structural external imbalance and the enduring geopolitics of the dollar system. My commentary explores what this decision reveals and why transparency and accountability over its terms are urgently needed.

Insightful commentary on Argentina’s balance of payments and the geopolitics of liquidity, from our very own Dr @kpatricio.bsky.social @cblpleeds.bsky.social Read more👇

Karina Patrício@kpatricio.bsky.social · 11mo ago

The recently announced US Treasury swap line to Argentina tells a larger story – one of structural external imbalance and the enduring geopolitics of the dollar system. My commentary explores what this decision reveals and why transparency and accountability over its terms are urgently needed.

20 billion dollar US Treasury + Fed bailout for Argentina's Javier Milei. Cui Bono? "Funds at investment firms including BlackRock, Fidelity and Pimco are heavily invested in Argentina, as are investors such as Stanley Druckenmiller and Robert Citrone, both of whom worked with Mr. Bessent."

The recently announced US Treasury swap line to Argentina tells a larger story – one of structural external imbalance and the enduring geopolitics of the dollar system. My commentary explores what this decision reveals and why transparency and accountability over its terms are urgently needed.

The current moment is quite telling. In the face of heightened uncertainty, investors are increasingly hedging their exposures to the dollar while continuing to hold US assets. If anything, hedging has become the business of the times. on.ft.com/418VPYb

It’s a run to hedge the dollar, not a run on the dollar

Hedge hogging

on.ft.com

🚨 Call for Papers: JIEL Junior Faculty Forum 2025 🚨 The Journal of International Economic Law has launched the call for this year’s edition of its Junior Faculty Forum. This a great opportunity for junior scholars to present unpublished work, receive comments from leading experts, and...

I am very pleased to host my dear former PhD supervisor @profjohnlinarelli.bsky.social for this upcoming @cblpleeds.bsky.social Guest Seminar at @lawatleeds.bsky.social on 21 May. Please join us! The event is free and open to the public, and will take place in hybrid format.

1/2: The launch event of the final report of our project ‘Enhancing MDB Capacity through Local Currency Financing’ is taking place this Monday, 28 April, 1-2pm. The report explores the potential for local currency financing by multilateral development banks. You can register here: 🔗 lnkd.in/dZ7gm7nf

It is with sadness that I learn about the passing of Pope Francis, in my view the most inspiring head of state in today’s world. I greatly admired his advocacy for peace, international law, social justice, and a fairer international financial architecture.

Important new research on local currency financing from @anninak.bsky.social @bbonizzi.bsky.social @kpatricio.bsky.social @karstenkohler.bsky.social business.leeds.ac.uk/research-air...

Very pleased that the final version of our MDB Challenge Fund report is finally out! We spent a year investigating the barriers to scaling up local currency financing by Multilateral Development Banks. Please see Karina's post for a brief summary and relevant links. Feedback very welcome!

Karina Patrício@kpatricio.bsky.social · last yr.

1/ After 18 months of work—and with some delay in the public launch—we are pleased to share the Final Report of our project Enhancing MDBs’ Capacity through Local Currency Financing, supported by the MDB Challenge Fund. 🧵

1/ After 18 months of work—and with some delay in the public launch—we are pleased to share the Final Report of our project Enhancing MDBs’ Capacity through Local Currency Financing, supported by the MDB Challenge Fund. 🧵

Dr @kpatricio.bsky.social spoke at a senior forum on sovereign debt. Read more below👇: tinyurl.com/m65ffet2 Her co-authored Bill is scheduled for debate in the @houseofcommons.parliament.uk tomorrow! #DebtRelief #FinancialLaw #GlobalEconomy #LawSky #AcademicSky

Only coalition that would be viable amongst young German voters would be based on Die Linke. We need to talk about R2G.

Mark Copelovitch@mcopelov.bsky.social · last yr.

"Young 🇩🇪 voters are flocking to the far rig-" 🧐🤔

"With the new US government aggressively attacking trade globalization, the next two years will be characterized by global financial turbulence, with its usual impacts on peripheral currencies." NEW: @rugitsky.bsky.social on central banking in Brazil and capital controls for peripheral economies

Controlling Capital | Fernando Rugitsky

Brazilian economic policy must account for the determinative impact of the global financial cycle on inflation

phenomenalworld.org

The Guardian view on campus cuts: academics pay a high price for Westminster’s mistakes | Editorial

The Guardian view on campus cuts: academics pay a high price for Westminster’s mistakes | Editorial

The government should not stand aloof as a crisis unfolds in our universities. A new settlement is needed In one of David Lodge’s famous campus novels, a young English literature lecturer pictures her university as “the ideal human community, where ……

theguardian.com

“A debt crisis caused by global factors — a debt crisis that is leading to more poverty, more hunger and war.” Many thanks @jeevunsandher.bsky.social for a powerful speech in Thursday's debate in parliament on debt cancellation

Dr. Jeevun Sandher MP@jeevunsandher.bsky.social · 2y ago

We are so close to ending extreme poverty. But we can't end poverty without solving the African debt crisis. Using English law, we can help end the debt crisis without spending a penny.

We are so close to ending extreme poverty. But we can't end poverty without solving the African debt crisis. Using English law, we can help end the debt crisis without spending a penny.

4/ The US will be a source of chaos and volatility. The first month of 2025 has set the scene. We analyse here the rapidly shifting international power relations as other countries start to organize "around and without" the US: China, South-South, EU-South... www.phenomenalworld.org/analysis/pol...

The Musk blitzkrieg of the US government is looking like a quicker collapse than Twitter.

Judd Legum@juddlegum.bsky.social · 2y ago

1. Musk is launching a digital wallet and peer-to-peer payment services on X Meanwhile, Musk's associates have just been granted access to confidential information about X's competitors, an official at the Consumer Financial Protection Bureau told Musk Watch.

As global #debt crises cripples the Global South, I secured a debate on #DebtCancellation for low income countries 🌍 I asked the Govt to support my Debt Relief Bill which would: ✅compel private creditors to accept negotiated terms ✅reduce debt burden for the poorest countries

Thank you @bambosmp.bsky.social for hosting the debate in parliament and sponsoring the Debt Relief Bill. The bill "would have a significant impact on low-income countries and could be transformative in allowing money spent on servicing debt to go into health & education systems"

Bambos Charalambous@bambosmp.bsky.social · 2y ago

As global #debt crises cripples the Global South, I secured a debate on #DebtCancellation for low income countries 🌍 I asked the Govt to support my Debt Relief Bill which would: ✅compel private creditors to accept negotiated terms ✅reduce debt burden for the poorest countries

articles will be updated with links to the audio readings. My podcast had a short run but it had a great guest list @weisenthal.bsky.social, @adamtooze.bsky.social, @kpatricio.bsky.social & Daniel Mitchell (the head economist of Nixon's pay board, in an interview about that experience)

BIG NEWS! I'm just finished recording myself reading the pieces I wrote January 31st to February 5th (with the exception of the afternoon of the 5th piece). I will finish recording the other three tomorrow (voice recording is hard work!). crisesnotes.podbean.com

Here's a recent guest piece from @proufos.bsky.social who I hope would attest to the value of me as an editor. I also have a professional editor that I pay & having her edit guest pieces is a great use of her time since I'm writing stuff too quickly right now www.crisesnotes.com/the-first-ca...

“The First Cause of Stability of Our Currency is the Concentration Camp”: Central Banker Solidarity on the road to Hitler’s Czechoslovakian gold

The forgotten story of Nazi Germany's rise, German central bank head Hjalmar Schacht, the BIS & Bank of England head Governor Montagu Norman

crisesnotes.com

Nathan Tankus@nathantankus.bsky.social · 2y ago

I also would hope that past guest writers would attest that I'm a good editor who improves the work and clarity of those that guest write for me. Email is crisesnotes[at]gmail[dot]com