Questions and Answers on the Global Sovereign Debt Roundtable
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Objective
- The objective of the Global Sovereign Debt Roundtable is to build greater common understanding among key stakeholders on debt and debt restructuring challenges, shortcomings in debt restructuring processes, both within and outside the Common Framework, and work together on ways to address them.
- Last Updated, April 15, 2026.
Composition and Governance
- The roundtable is co-chaired by the IMF, World Bank and G20 Presidency (the United States in 2026).
- Membership comprises official bilateral creditors (both traditional creditors members of the Paris Club and new creditors), private creditors and borrowing countries.
Timeline and Meetings
- The GSDR started its work in February 2023.
- Since then, it has regularly met at Principals level in the context of the IMF-World Bank Spring and Annual meetings, with several technical or preparatory meetings in between, including open workshops.
- It will continue to meet in a similar fashion going forward.
Focus and Scope
- The focus of the Global Sovereign Debt Roundtable is on process and standards, not to discuss country cases.
- The GSDR does not replace existing restructuring mechanisms such as the Common Framework; it supports those mechanisms by fostering greater common understanding on concepts and principles to facilitate individual restructurings.
Key topics and outcomes
- The Roundtable has facilitated common understanding on:
- information sharing and the role of MDBs in restructuring processes;
- cutoff dates;
- comparability of treatment;
- defining the debt restructuring perimeter;
- debt service suspension and treatment of arrears;
- issues in domestic debt restructurings;
- the use of state contingent debt instruments;
- other related topics.
Content in this bundle
- 6th GSDR Cochairs Progress Report, April 15, 2026
- Compendium of Common Understanding on Technical Issues
- Liability Management Operations: A Practitioner’s Manual
- Sovereign Debt Restructuring: A Playbook for Country Authorities
- 4th GSDR Cochairs Progress Report, April 23, 2025
- 5th GSDR Cochairs Progress Report, October 15, 2025
- 3rd GSDR Cochairs Progress Report, October 23, 2024
- 2nd GSDR Cochairs Progress Report, April 17, 2024
- GSDR Cochairs Progress Report, October 12, 2023
References