Public Debt Transparency and Global Public Law

As the world faces an intensifying post-pandemic public debt crisis, demands for increased transparency in external public debt management have grown stronger, especially from international organizations such as the International Monetary Fund (IMF) and the World Bank. The 2025 Jubilee Year has reinforced those concerns. Nonetheless, a key question persists: how can transparency be institutionalized as a binding principle instead of just a recommended best practice? A key step towards improving public debt transparency is to analyze it through the lens of constitutional law.