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Karina Patrício

@kpatricio.bsky.social
4.1K followers 2.5K following 228 posts

Assistant Professor @lawatleeds.bsky.social • JIEL Editorial Board member‬ • SIEL-Hart and John Jackson Prizes • LPE, global governance and the law of money, finance and sovereign debt 📍London/Yorkshire, UK

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Karina Patrício @kpatricio.bsky.social · 19/03/2026
After a year of research and engagement with the Uganda Development Bank, @anninak.bsky.social, @bbonizzi.bsky.social, @iweigandi.bsky.social and I share this new briefing on a currency risk-sharing facility for long-term local currency climate finance in Uganda. www.linkedin.com/posts/kpatri...
linkedin.com
Briefing: Currency Risk-Sharing Facility | Karina Patrício Ferreira Lima
Currency risk is a structural constraint in development finance, and this is even more pronounced in climate finance. Climate and infrastructure projects generate revenues in local currency, yet finan...
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Bretton Woods Project @brettonwoodsproject.org · 18/12/2025
New Guest Comment by @kpatricio.bsky.social, Celine Tan and Stephen Connelly sets the record straight on new proposed UK legislation to provide debt relief to developing countries, calling the IMF recent analysis of the proposal “misplaced” #BWObserver Winter25 🔗 tinyurl.com/DebtReliefUK
tinyurl.com
Legislative pathways to sovereign debt relief: What the IMF gets wrong – and how to fix it
New report from IMF on resolving debt restructuring linked to private creditors may lead to flawed analysis.
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Karina Patrício @kpatricio.bsky.social · 11/12/2025
I am pleased to publish this new BWP Observer piece with Celine Tan and Stephen Connelly, engaging constructively with the IMF’s 2025 stocktake on sovereign debt. We argue that different legislative approaches cannot be treated as equivalent. Read here: www.brettonwoodsproject.org/2025/12/legi...
brettonwoodsproject.org
Legislative pathways to sovereign debt relief: What the IMF gets wrong – and how to fix it
New report from IMF on resolving debt restructuring linked to private creditors conflates fundamentally different legislative proposals, leading to flawed analysis.
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Karina Patrício @kpatricio.bsky.social · 11/12/2025
I am pleased to publish this new BWP Observer piece with Celine Tan and Stephen Connelly, engaging constructively with the IMF’s 2025 stocktake on sovereign debt. We argue that different legislative approaches cannot be treated as equivalent. Read here: www.brettonwoodsproject.org/2025/12/legi...
brettonwoodsproject.org
Legislative pathways to sovereign debt relief: What the IMF gets wrong – and how to fix it
New report from IMF on resolving debt restructuring linked to private creditors conflates fundamentally different legislative proposals, leading to flawed analysis.
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Karina Patrício @kpatricio.bsky.social · 27/11/2025
I am excited to join this panel hosted by Phenomenal World on Tuesday 2 December to discuss Argentina’s recurring debt traps, its relationship with the IMF and China, and the recent US intervention in support of the Milei government, among other matters. Sign up here: bit.ly/argentina-imf
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Karina Patrício @kpatricio.bsky.social · 10/10/2025
The recently announced US Treasury swap line to Argentina tells a larger story – one of structural external imbalance and the enduring geopolitics of the dollar system. My commentary explores what this decision reveals and why transparency and accountability over its terms are urgently needed.
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University of Leeds - School of Law @lawatleeds.bsky.social · 10/10/2025
Insightful commentary on Argentina’s balance of payments and the geopolitics of liquidity, from our very own Dr @kpatricio.bsky.social @cblpleeds.bsky.social Read more👇
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Albert Pinto @70sbachchan.bsky.social · 10/10/2025
20 billion dollar US Treasury + Fed bailout for Argentina's Javier Milei. Cui Bono? "Funds at investment firms including BlackRock, Fidelity and Pimco are heavily invested in Argentina, as are investors such as Stanley Druckenmiller and Robert Citrone, both of whom worked with Mr. Bessent."
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Karina Patrício @kpatricio.bsky.social · 10/10/2025
The recently announced US Treasury swap line to Argentina tells a larger story – one of structural external imbalance and the enduring geopolitics of the dollar system. My commentary explores what this decision reveals and why transparency and accountability over its terms are urgently needed.
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Karina Patrício @kpatricio.bsky.social · 19/08/2025
The current moment is quite telling. In the face of heightened uncertainty, investors are increasingly hedging their exposures to the dollar while continuing to hold US assets. If anything, hedging has become the business of the times. on.ft.com/418VPYb
on.ft.com
It’s a run to hedge the dollar, not a run on the dollar
Hedge hogging
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Karina Patrício @kpatricio.bsky.social · 09/06/2025
🚨 Call for Papers: JIEL Junior Faculty Forum 2025 🚨 The Journal of International Economic Law has launched the call for this year’s edition of its Junior Faculty Forum. This a great opportunity for junior scholars to present unpublished work, receive comments from leading experts, and...
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Karina Patrício @kpatricio.bsky.social · 01/05/2025
I am very pleased to host my dear former PhD supervisor @profjohnlinarelli.bsky.social for this upcoming @cblpleeds.bsky.social Guest Seminar at @lawatleeds.bsky.social on 21 May. Please join us! The event is free and open to the public, and will take place in hybrid format.
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Annina Kaltenbrunner @anninak.bsky.social · 25/04/2025
1/2: The launch event of the final report of our project ‘Enhancing MDB Capacity through Local Currency Financing’ is taking place this Monday, 28 April, 1-2pm. The report explores the potential for local currency financing by multilateral development banks. You can register here: 🔗 lnkd.in/dZ7gm7nf
lnkd.in
LinkedIn
This link will take you to a page that’s not on LinkedIn
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Karina Patrício @kpatricio.bsky.social · 21/04/2025
It is with sadness that I learn about the passing of Pope Francis, in my view the most inspiring head of state in today’s world. I greatly admired his advocacy for peace, international law, social justice, and a fairer international financial architecture.
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Jeff Powell @powelljr.bsky.social · 02/04/2025
Important new research on local currency financing from @anninak.bsky.social @bbonizzi.bsky.social @kpatricio.bsky.social @karstenkohler.bsky.social business.leeds.ac.uk/research-air...
business.leeds.ac.uk
Enhancing MDB Capacity through Local Currency Financing
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Annina Kaltenbrunner @anninak.bsky.social · 31/03/2025
Very pleased that the final version of our MDB Challenge Fund report is finally out! We spent a year investigating the barriers to scaling up local currency financing by Multilateral Development Banks. Please see Karina's post for a brief summary and relevant links. Feedback very welcome!
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Karina Patrício @kpatricio.bsky.social · 31/03/2025
1/ After 18 months of work—and with some delay in the public launch—we are pleased to share the Final Report of our project Enhancing MDBs’ Capacity through Local Currency Financing, supported by the MDB Challenge Fund. 🧵
Report cover
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University of Leeds - School of Law @lawatleeds.bsky.social · 13/03/2025
Dr @kpatricio.bsky.social spoke at a senior forum on sovereign debt. Read more below👇: tinyurl.com/m65ffet2 Her co-authored Bill is scheduled for debate in the @houseofcommons.parliament.uk tomorrow! #DebtRelief #FinancialLaw #GlobalEconomy #LawSky #AcademicSky
#News Flare
Background image: House of Commons. 
Smiling Dr Karina Patricio Ferreira Lima in circle to right. 
Text reads: ‘Dr Karina Patricio Ferreira Lima discusses her co-authored Debt Relief (Developing Countries) Bill at Major Sovereign Debt Scoping Forum
Her presentation focused on the evolving sovereign debt landscape for low-income countries, highlighting the growing debt vulnerabilities exacerbated by recent global shocks.’
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Adam Tooze @adamtooze.bsky.social · 23/02/2025
Only coalition that would be viable amongst young German voters would be based on Die Linke. We need to talk about R2G.
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Phenomenal World @phenomenalworld.bsky.social · 23/02/2025
"With the new US government aggressively attacking trade globalization, the next two years will be characterized by global financial turbulence, with its usual impacts on peripheral currencies." NEW: @rugitsky.bsky.social on central banking in Brazil and capital controls for peripheral economies
phenomenalworld.org
Controlling Capital | Fernando Rugitsky
Brazilian economic policy must account for the determinative impact of the global financial cycle on inflation
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The Guardian @theguardian.com · 11/02/2025
The Guardian view on campus cuts: academics pay a high price for Westminster’s mistakes | Editorial
theguardian.com
The Guardian view on campus cuts: academics pay a high price for Westminster’s mistakes | Editorial
The government should not stand aloof as a crisis unfolds in our universities. A new settlement is needed In one of David Lodge’s famous campus novels, a young English literature lecturer pictures her university as “the ideal human community, where ……
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Debt Justice @debtjustice.bsky.social · 10/02/2025
“A debt crisis caused by global factors — a debt crisis that is leading to more poverty, more hunger and war.” Many thanks @jeevunsandher.bsky.social for a powerful speech in Thursday's debate in parliament on debt cancellation
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Dr. Jeevun Sandher MP @jeevunsandher.bsky.social · 10/02/2025
We are so close to ending extreme poverty. But we can't end poverty without solving the African debt crisis. Using English law, we can help end the debt crisis without spending a penny.
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Albert Pinto @70sbachchan.bsky.social · 06/02/2025
4/ The US will be a source of chaos and volatility. The first month of 2025 has set the scene. We analyse here the rapidly shifting international power relations as other countries start to organize "around and without" the US: China, South-South, EU-South... www.phenomenalworld.org/analysis/pol...
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Karina Patrício @kpatricio.bsky.social · 11/02/2025
The Musk blitzkrieg of the US government is looking like a quicker collapse than Twitter.
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Bambos Charalambous @bambosmp.bsky.social · 07/02/2025
As global #debt crises cripples the Global South, I secured a debate on #DebtCancellation for low income countries 🌍 I asked the Govt to support my Debt Relief Bill which would: ✅compel private creditors to accept negotiated terms ✅reduce debt burden for the poorest countries
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Debt Justice @debtjustice.bsky.social · 10/02/2025
Thank you @bambosmp.bsky.social for hosting the debate in parliament and sponsoring the Debt Relief Bill. The bill "would have a significant impact on low-income countries and could be transformative in allowing money spent on servicing debt to go into health & education systems"
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Nathan Tankus @nathantankus.bsky.social · 09/02/2025
articles will be updated with links to the audio readings. My podcast had a short run but it had a great guest list @weisenthal.bsky.social, @adamtooze.bsky.social, @kpatricio.bsky.social & Daniel Mitchell (the head economist of Nixon's pay board, in an interview about that experience)
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Nathan Tankus @nathantankus.bsky.social · 09/02/2025
BIG NEWS! I'm just finished recording myself reading the pieces I wrote January 31st to February 5th (with the exception of the afternoon of the 5th piece). I will finish recording the other three tomorrow (voice recording is hard work!). crisesnotes.podbean.com
crisesnotes.podbean.com
Notes on the Crises Podcast | Nathan Tankus
This is the podcast for the Notes on the Crises newsletter published by Nathan Tankus. The newsletter (and now the podcast) is devoted to covering the ongoing effects of the Coronavirus Depression and...
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Nathan Tankus @nathantankus.bsky.social · 09/02/2025
Here's a recent guest piece from @proufos.bsky.social who I hope would attest to the value of me as an editor. I also have a professional editor that I pay & having her edit guest pieces is a great use of her time since I'm writing stuff too quickly right now www.crisesnotes.com/the-first-ca...
crisesnotes.com
“The First Cause of Stability of Our Currency is the Concentration Camp”: Central Banker Solidarity on the road to Hitler’s Czechoslovakian gold
The forgotten story of Nazi Germany's rise, German central bank head Hjalmar Schacht, the BIS & Bank of England head Governor Montagu Norman
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Karina Patrício @kpatricio.bsky.social · 07/02/2025
It was a pleasure to visit the @lauterpachtcentre.bsky.social @cambridgelaw.bsky.social to present my research on the legal governance of sovereign debt crises at today’s Friday lecture. The Centre has long been a reference for me—an inspiring forum for excellence and groundbreaking scholarship.
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Karina Patrício @kpatricio.bsky.social · 06/02/2025
And massive congrats and kudos to @debtjustice.bsky.social for their tireless advocacy for sovereign debt reform, day in and day out!
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Karina Patrício @kpatricio.bsky.social · 06/02/2025
The UK Parliament is holding an outstanding backbench debate on Debt in Low-Income Countries, with MPs debating the need for the UK Debt Relief (Developing Countries) Bill. Incredibly high level. Kudos to @bambosmp.bsky.social & @jeevunsandher.bsky.social for their brilliant interventions!
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Policy Leeds @policyleeds.bsky.social · 06/02/2025
Today, the 'UK Debt Relief (Developing Countries) bill' co-drafted by @kpatricio.bsky.social (@lawatleeds.bsky.social), @uni-of-warwick.bsky.social colleagues and @debtjustice.bsky.social, was debated by MP's. Congratulations to all involved! Find out more: warwick.ac.uk/fac/soc/law/...
warwick.ac.uk
COVID-19 & Sovereign Debt
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Debt Justice @debtjustice.bsky.social · 06/02/2025
90% of debt contracts used by the global south are rooted in UK law. So the UK could play a massive role in ending the debt crisis. This bill outlines why we need a new debt justice law to address the injustices faced by the global south. Here’s Karina’s thread on the bill bsky.app/profile/kpat...
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Karina Patrício @kpatricio.bsky.social · 06/02/2025
📢 Live today at 1:30pm UK time: UK Parliament’s Backbench Debate on Debt in Low-Income Countries The world’s poorest countries are facing a full-blown insolvency crisis, as the World Bank has warned in its latest International Debt Report. committees.parliament.uk/committee/20...
committees.parliament.uk
MPs to hold a debate on debt cancellation for low-income countries - Committees - UK Parliament
On Thursday 6 February in Westminster Hall, MPs will hold a debate on debt cancellation for low-income countries.
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Karina Patrício @kpatricio.bsky.social · 05/02/2025
We are at a breaking point in international finance. The multilateral order that took shape in the 20th century is crumbling, and the world’s poorest countries are facing severe debt distress. As the US cuts aid assistance, the dollar surges, and tariffs threaten to push interest rates...
committees.parliament.uk
MPs to hold a debate on debt cancellation for low-income countries - Committees - UK Parliament
On Thursday 6 February in Westminster Hall, MPs will hold a debate on debt cancellation for low-income countries.
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Karina Patrício @kpatricio.bsky.social · 05/02/2025
We are at a breaking point in international finance. The multilateral order that took shape in the 20th century is crumbling, and the world’s poorest countries are facing severe debt distress. As the US cuts aid assistance, the dollar surges, and tariffs threaten to push interest rates...
committees.parliament.uk
MPs to hold a debate on debt cancellation for low-income countries - Committees - UK Parliament
On Thursday 6 February in Westminster Hall, MPs will hold a debate on debt cancellation for low-income countries.
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Karina Patrício @kpatricio.bsky.social · 05/02/2025
To encourage reflection on this, what exactly is new about Trump’s approach to the legal grounds we stand on? US governments have consistently challenged these foundations when it comes to Global South countries. What seems new, in my view, is applying the same principles to Canada and Europe.
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Karina Patrício @kpatricio.bsky.social · 04/02/2025
A Q&A with @nathantankus.bsky.social on what it means for Elon Musk to have commandeered control of the US treasury’s payment system. prospect.org/economy/2025...
prospect.org
‘Filled With Unmitigated Terror’
A Q&A with Nathan Tankus on what it means for Elon Musk’s forces to have commandeered some level of control of the U.S. payment system.
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Joel Berger @joelberger313.bsky.social · 04/02/2025
“One source explicitly said that they were only reporting to me because there was no one left in the Federal Government to report security breaches to”
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Nathan Tankus @nathantankus.bsky.social · 03/02/2025
EMERGENCY PIECE: Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous. Worse, exclusive new information revealed here explicate how Musk’s actions relate to Treasury Secretary Scott Bessent (Link at the end)
Banner Image of piece, link at the end of thread
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Karina Patrício @kpatricio.bsky.social · 03/02/2025
I am very much looking forward to visiting @lauterpachtcentre.bsky.social on Friday to hopefully persuade such an amazing audience we need such a thing as international sovereign insolvency law—the topic of my forthcoming book. Wish me luck, and please join us in person or online if you can!
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Karina Patrício @kpatricio.bsky.social · 03/02/2025
Kudos to Adam Tooze for his op-ed in the @financialtimes.com, echoing Indermit Gill in emphasising that the poorest countries are suffering not from a liquidity crisis but a solvency crisis. They urgently need debt relief. As Tooze advocates, sovereign borrowers... www.ft.com/content/124d...
ft.com
The future of international economic institutions is up for grabs
Preserving the status quo on global development will not work
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Karina Patrício @kpatricio.bsky.social · 03/02/2025
Kudos to Adam Tooze for his op-ed in the @financialtimes.com, echoing Indermit Gill in emphasising that the poorest countries are suffering not from a liquidity crisis but a solvency crisis. They urgently need debt relief. As Tooze advocates, sovereign borrowers... www.ft.com/content/124d...
ft.com
The future of international economic institutions is up for grabs
Preserving the status quo on global development will not work
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Karina Patrício @kpatricio.bsky.social · 31/01/2025
It was a pleasure to travel to Brussels for the @ec.europa.eu and TCX Roundtable on the Future of Currency Risk in Development Finance to present the findings of our report ‘Enhancing MDB Capacity through Local Currency Financing’ alongside my colleagues @anninak.bsky.social & @bbonizzi.bsky.social.
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Karina Patrício @kpatricio.bsky.social · 31/01/2025
It was a pleasure to travel to Brussels for the @ec.europa.eu and TCX Roundtable on the Future of Currency Risk in Development Finance to present the findings of our report ‘Enhancing MDB Capacity through Local Currency Financing’ alongside my colleagues @anninak.bsky.social & @bbonizzi.bsky.social.
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Vanessa Ogle @vanessahistory.bsky.social · 27/01/2025
Over at the Socio-Economic Review, we're planning a special issue on offshore finance! Historical contributions are very welcome. CfP here: academic.oup.com/ser/pages/cf.... Please share and spread the word! Excited to be working with @ebharrington.bsky.social and Kimberly Kay-Hoang on this!
academic.oup.com
Call for Papers
Offshore Finance: The Socio-Economics of a Global System Special Issue of Socio-Economic Review Guest editors Brooke Harrington, Dartmouth College, (Brooke.H
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University of Leeds - School of Law @lawatleeds.bsky.social · 23/01/2025
The @universityofleeds.bsky.social is the first Russell Group Uni to quit X! 🎉 🎉 Read more👇 tinyurl.com/2h3tyjfx @lsjleeds.bsky.social #Yorkshire #Leeds #Academia #AcademicSky #HigherEd #LawSky
tinyurl.com
Leeds becomes first Russell Group university to quit X - Research Professional News
Leeds says Elon Musk’s social media site “no longer aligns with our university values”
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Thomas Holland @tjholland.bsky.social · 23/01/2025
Keynes on the corrosive effects of the hereditary principle upon society, whether aristocratic or capitalist
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