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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 |
---|---|
Zambia: Third Time’s a Charm? | Théo Maret |
A Modified Common Framework for Restructuring Sovereign Debt | David Grigorian |
How the Brady Plan Delivered on Debt Relief: Lessons and Implications | Neil Shenai, Marijn A. Bolhuis |
Promises and Perils of Sovereign Debt Transparency | Stephen Park, Tim Samples |
Debt Reduction in Latin America and the Caribbean | Ugo Panizza, Andrew Powell |