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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

Title
Author
Michael Chen, Charlie Fendrych, Andres Paciuc
Tamon Asonuma, Marcos Chamon, Aitor Erce, Akira Sasahara
Myrvin Anthony, Gregorio Impavido, Bert van Selm