Appendix B — SovTech and the Bigger Picture

Central banks and financial supervisors have been using advanced data science and tech-enabled tools for years: anti-money laundering, prudential supervision, regulatory reporting. The SupTech movement has shown that modular, technology-driven tools can transform how public institutions do analytical work. We are trying to bring that success to sovereign debt.

We are creating an open source ecosystem for sovereign debt analysis. We call it SovTech. It is not a single tool. It is an approach to building tools: modular components that work independently but interoperate.

Principle	What it means
Modularity	Components work like building blocks. Adopt what you need without replacing existing systems.
Open source	MIT licensed. Anyone can examine, adapt, extend. Transparency matters for institutions defending their methodologies.
AI as enabler	Eliminate analytical toil. Free analysts to focus on hard problems. Human-in-the-loop verification for trust.

Who. Teal Insights builds the tools, with support from NatureFinance. The initiative draws on experience across SupTech, sovereign advisory, and sovereign debt research. A paper on SovTech has been proposed for the 4th Public Debt Management Conference in Paris (September 2026).

Climate connection. Sovereign debt terms affect restructuring capacity, which affects climate investment. Better contract transparency supports better debt sustainability analysis.

This corpus is one piece. It shows that large-scale extraction of contract terms from sovereign bond prospectuses is feasible. Other SovTech tools include QCraft, a user-friendly interface for the IMF’s QCRAFT debt sustainability tool that also serves as a proof of concept for modular open source architecture. More components are in development.

All code: GitHub