Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Author/Editor:

Harald Finger ; Mauro Mecagni

Publication Date:

April 10, 2007

Electronic Access:

Link to Abstract

Summary:

Restoring a country's debt to a sustainable path after a sovereign debt restructuring is key to ensuring a credible and durable exit from the crisis. In recent years, a number of countries have restructured their sovereign liabilities, either following a default, or preemptively, to avoid a default. This Occasional Paper takes stock of the experiences of some of these countries--Argentina, the Dominican Republic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay--with debt-restructuring operations, with a view to assessing the outcomes and whether debt sustainability has been restored. The emphasis of the study is on sovereign debt owed to private creditors.

Series:

Occasional Paper No. 255

English

Publication Date:

April 10, 2007

ISBN/ISSN:

9781589066106/0251-6365

Stock No:

S255EA

Price:

$30.00 (Academic Rate:$28.00)

Format:

Paper

Pages:

45

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