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.

Published on May 22, 2023

view previous editions


Abbreviations and acronyms
Executive summary
Sovereign Borrowing Outlook for OECD Countries
Sovereign sustainable bonds: Issuance trends and practices
Sovereign debt issuance trends in emerging market economies
Buyback and switch programmes: Evidence‑based recommendations for sovereign debt managers
Annexes2 chapters available
OECD 2022 Survey on Primary Markets Developments
OECD 2022 Survey on Liquidity in Government Bond Secondary Markets
Powered by OECD iLibrary