Public Information Notice: IMF Board Discusses Possible Features of a New Sovereign Debt Restructuring Mechanism
September 24, 2002

Statement by the IMF's First Deputy Managing Director on Sovereign Debt Restructuring Mechanism - Further Considerations
September 4, 2002

Public Information Notice: IMF Board Holds Informal Seminar on Sovereign Debt Restructuring
April 1, 2002

More Information on Sovereign Debt Restructuring

The IMF and the Private Sector—A Factsheet



Sovereign Debt Restructuring Mechanism—Further Considerations

Prepared by the Policy Development and Review, International Capital Markets and Legal Departments (In Consultation with other Departments)


August 14, 2002

Use the free Adobe Acrobat Reader to view the full text of 641kb pdf file.

Contents


I.

Introduction

 

II.

The Rationale for the SDRM

 

III.

The Scope of Sovereign Debt Under an SDRM

  A.

General Considerations

  B.

Domestic Debt

  C.

Treatment of Official Bilateral Debt

 

IV.

Sovereign Debt Dispute Resolution Forum

  A.

Powers

  B.

Composition

 

V.

Issues for Discussion

 

Appendix

1.

Background on the Paris Club

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