Why the crisis in crisis resolution could go on for decades
Date: Wednesday 18 October 2023
Stricken sovereigns are suffering as China and the Western-dominated IMF Board engage in a titanic wrestling match over crisis-resolution architecture. It’s a massive problem that could be a destructive force for decades. In considering the arguments there’s one thing that almost all commentary has missed: China has a strong case to feel wronged.

Gabriel Sterne
Head of Global Emerging Markets

Private: Gabriel Sterne
Head of Global Emerging Markets
London, United Kingdom
Gabriel delivers macro-economic products tailored for corporates and financial markets, as head of a team that integrates EM macro and strategy views. In recent years he has published wide-ranging research including on stagflation risks, monetary policy credibility, global savings, demographics, Covid scarring, risks and resilience in emerging markets, and sovereign crisis resolution. He joined from investment banking boutique Exotix in May 2014, following 20 years of public sector experience, including at the Bank of England and International Monetary Fund.

Maya Senussi
Lead Economist
+44 (0) 203 910 8121

Maya Senussi
Lead Economist
London, United Kingdom
Maya Senussi is responsible for Oxford Economics’ forecasting and research in the Middle East team, with a specific focus on Turkey and several GCC economies. She has nearly fifteen years of experience in the macro research industry working as an Emerging Markets economist.
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