How do public development banks work and how can they help mobilise financial
resources to deliver global public goods? What can we expect from the 4th
International Conference on Financing for Development, set to take place in Seville
from 30 June to 3 July 2025? Paola Subacchi speaks with Nicolas Picchiottino about
harnessing finance to close bridge development gaps both between and within
countries.

Hosts and Guests
Paola Subacchi is Professor of Political Economy, University of Bologna, and the
Incoming Chair in Sovereign Debt and Finance at Sciences Po.
Nicolas Picchiottino is the Secretary General of IDFC and the Head of Public
Development Banks at AFD.

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The OECD Global Report 2025 highlights the resuming of a long-term trend of more
than two decades of rising debt levels, accompanied by growing interest payment
burdens in many countries. In this episode of DebtTalk, Paola Subacchi and Fatos
Koc explore policy options – from fiscal restraint and structural reforms to stimulate
growth in advanced economies, to strategies for developing local capital markets in
emerging and developing countries.
Hosts and Guests
Paola Subacchi is Professor of Political Economy, University of Bologna, and the
Incoming Chair in Sovereign Debt and Finance at Sciences Po.
Fatos Koc is the head of Financial Markets Unit at the OECD.

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In Episode 12 of DebtTalks, Paola Subacchi and Sarah Carlson discuss Europe’s debt outlook and the balance between economic growth and debt management. Before diving into these topics, they explore the role of credit rating agencies in the international financial system. The episode offers insights into the methodologies behind sovereign debt ratings, the challenges that these agencies face in today’s complex economic environment, and how ratings can influence both investor confidence and policy decisions.

Hosts & Guests

Paola Subacchi is Professor of Political Economy, University of Bologna, and the Incoming Chair in Sovereign Debt and Finance at Sciences Po.

Sarah Carlson is Senior Vice President at Moody's Ratings, lead analyst for several European countries and a spokesperson on global issues and European matters.

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