Policy Papers

The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors—Recent Developments, Challenges, And Reform Options

Publication Date:

October 1, 2020

Electronic Access:

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Summary:

There have been significant developments in sovereign debt restructuring involving private-sector creditors since the IMF’s last stocktaking in 2014. While the current contractual approach has been largely effective in resolving sovereign debt cases since 2014, it has gaps that could pose challenges in future restructurings.

Series:

Policy Paper No. 2020/043

Subject:

Asset and liability management Bonds Debt restructuring Financial institutions International bonds Public debt Sovereign bonds Sovereign debt restructuring

Frequency:

occasional