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Debt Restructuring

Experience with recent sovereign external debt restructuring suggests that a more comprehensive approach to sovereign debt restructuring is needed. Progress has been achieved in introducing Collective Action Clauses in the international bond issues of emerging market economies. Despite the progress achieved, more work is still required on timely, orderly and effective restructurings that ensure an appropriate involvement of the private sector.

Complete List of Documents in this Section

Frances Fuller, Luis Zamarioli, Bianka Kretschmer, Adelle Thomas and Laetitia De Marez
Lee Buchheit, Chanda DeLong, Guillaume Chabert, Jeromin Zettelmeyer
Benjamin David, Wright Mark L. J.