By: Xinyan Xu*, Haocheng Yin
Abstract: The frequent occurrence of global economic crises and the impact of the COVID-19 pandemic have led to a surge in the scale of debt in developing countries, a concentrated peak in debt repayment, and increased uncertainty in debt repayment capacity, and global debt governance faces severe challenges. The current global debt governance model
Keywords: International Monetary Fund, Developing Countries, Sovereign Debt Crises, Social Network Perspective
Journal of International Economy and Global Governance 2025, 2(4), 81-101;
https://doi.org/10.12414/jiegg.250614