The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors—Recent Developments, Challenges, And Reform Options
Policy Papers, October 1, 2020
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- The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors—Recent Developments, Challenges, And Reform Options
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Bibliographic details
- Published: October 1, 2020
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513557472.007
Summary
- There have been significant developments in sovereign debt restructuring involving private-sector creditors since the IMF’s last stocktaking in 2014.
- The current contractual approach has been largely effective in resolving sovereign debt cases since 2014, but it has gaps that could pose challenges in future restructurings.
Key findings and themes
- Effectiveness since 2014:
- The contractual approach has largely worked in resolving sovereign debt cases since 2014.
- Remaining challenges:
- Gaps in the current contractual framework could pose challenges in future restructurings.
Subject areas and keywords
- Subject: Asset and liability management, Bonds, Debt restructuring, Financial institutions, International bonds, Public debt, Sovereign bonds, Sovereign debt restructuring
- Keywords: Asia and Pacific, Bonds, debt management, debt restructuring, Debt restructuring, debt service, debt transparency, domestic law, enhanced CACS, exchange offer, foreign currency, International bonds, PP, restructuring negotiations, secondary market, sovereign bond, Sovereign bonds, Sovereign debt restructuring, vulture fund debt speculation
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- Citation preview (format: Chicago) provided on the page:
- International Monetary Fund. "The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors—Recent Developments, Challenges, And Reform Options", Policy Papers 2020, 043 (2020), accessed 9/7/2026, https://doi.org/10.5089/9781513557472.007
Source: https://www.imf.org/en/publications/policy-papers/issues/2020/09/30/the-international-architecture-for-resolving-sovereign-debt-involving-private-sector-49796
Content in this bundle
- Policy Paper