
India’s Debt Restructuring Support to Sri Lanka and Zambia (2024): Development Diplomacy and Sustainable Economic Recovery
The escalating global debt crisis across the Global South has emerged as one of the most pressing challenges to post-pandemic economic recovery and sustainable development. Severe macroeconomic shocks—exacerbated by supply chain disruptions, rising international interest rates, and commodity price volatility—triggered acute balance-of-payments distress, forcing several developing nations into sovereign default.






