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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 |
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Sovereign Debt Restructuring process is improving amid Cooperation And Reform – Analysis | Ceyla Pazarbasioglu |
Sustained Debt Reduction: The Jamaica Exception | Serkan Arslanalp, Barry Eichengreen, Peter Blair Henry |
A G20 Common Framework for the common person: Why addressing Global Inequality hinges on effective Debt Relief | Tim Hirschel-Burns |
Power in sovereign debt markets: Explaining the uneven debtor–creditor landscape and its implications | Martin Guzman, Maia Colodenco , Anahí Wiedenbrüg |
Sovereign Debt Restructuring: Active New York Assembly Bill Providing for a New Comprehensive Sovereign Debt Restructuring Mechanism and a Limit on Recoveries on Sovereign Debt | Clifford Chance |