In this area you find documents addressing specifically emerging markets problems associated with multilateral debt. Among them, multilateral debt relief as part of a broader agenda which includes an appropriate analysis of the role played by a) bilateral resources, b) international negotiations and agreements, c) private sector financial resources, d) policies aimed at strengthening governance and improving domestic absorptive capacity.
Although emerging market economies have become more resilient to individual shocks, multilateral financing institutions continue to work to improve the framework for crises management and resolution. This activity helps prevent debtor countries and market participants from placing excessive reliance on the financial support provided by the multilateral institutions.
For countries benefiting from multilateral financial assistance, the definition of sound exit strategies from multilateral debt is essential to avoid the prolonged use of multilateral resources. This includes better program design, macroeconomic and structural conditions to achieve debt sustainability, more effective conditionality and a careful consideration of the timing to regain market access.
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. Some advanced countries have played a role in leading by example.
Despite the progress achieved, more work is still required on timely, orderly and effective restructurings that ensure an appropriate involvement of the private sector.
The following are documents published up to and including the year 2003. From 2004 to 2010 all documents can be found only in the archive available in the website’s Reserved area. Instead, since January 2011, all documents will be found in both areas of the website. Access to the Reserved area is free, but limited to Partners only. Please find more information at the Join us section.
| MMonday | Ttuesday | Wwednesday | Tthursday | Ffriday | Ssaturday | Ssunday |
|---|---|---|---|---|---|---|
| 1 February | 2 February | 3 February | 4 February | 5 February | ||
| 6 February | 7 February | 8 February | 9 February | 10 February | 11 February | 12 February |
| 13 February | 14 February | 15 February | 16 February | 17 February | 18 February | 19 February |
| 20 February | 21 February | 22 February | 23 February - Found events | 24 February | 25 February | 26 February |
| 27 February | 28 February | 29 February |
The aim of our Discussion Forum is to promote dialogue on specific topics proposed by the Secretariat and by Partners.
