{
  "title": "A New Approach to Sovereign Debt Restructuring",
  "publication": "Pamphlet Series, April 16, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/pamphlet-series/issues/2016/12/30/a-new-approach-to-sovereign-debt-restructuring-15722",
  "canonical": "https://www.imf.org/en/publications/pamphlet-series/issues/2016/12/30/a-new-approach-to-sovereign-debt-restructuring-15722",
  "overlayPath": "/en/publications/pamphlet-series/issues/2016/12/30/a-new-approach-to-sovereign-debt-restructuring-15722/index.md",
  "summary": "In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Author: Anne O. Krueger\n- Publication date: April 16, 2002\n- Purpose: Draws together the latest IMF thinking on developing a new approach to sovereign debt restructuring and explores ways to improve the sovereign debt restructuring process as part of efforts to strengthen the architecture of the global financial system.\n- Format: Pamphlet (Pamphlet Series)\n- Page count: 52"
    },
    {
      "heading": "Major themes and substantive findings",
      "content": "- Need for a new approach to sovereign debt restructuring has been extensively discussed inside and outside the IMF.\n- Improving the sovereign debt restructuring process is framed as a key part of the international community’s efforts to strengthen the architecture of the global financial system.\n- The pamphlet consolidates IMF perspectives on the controversial issue of sovereign debt restructuring into a single publication."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Asset and liability management; Collective action clauses; Debt restructuring; Domestic debt; Financial institutions; Legal support in revenue administration; Public debt; Revenue administration; Sovereign debt restructuring\n- Keywords: Collective action clauses; creditor; debt; Debt restructuring; debtor; Domestic debt; emerging market sovereign; Global; holdout creditor; Legal support in revenue administration; majority restructuring clause; PAM; restructuring process; sovereign; Sovereign debt restructuring; sovereign debt restructuring mechanism\n\n---\n\n\nSource: https://www.imf.org/en/publications/pamphlet-series/issues/2016/12/30/a-new-approach-to-sovereign-debt-restructuring-15722"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/pamphlet-series/issues/2016/12/30/a-new-approach-to-sovereign-debt-restructuring-15722/index.md)",
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    "Authors: Anne O. Krueger",
    "Published: April 16, 2002",
    "Series: Pamphlet Series",
    "DOI: https://doi.org/10.5089/9781589061217.054",
    "Author: Anne O. Krueger",
    "Publication date: April 16, 2002",
    "Purpose: Draws together the latest IMF thinking on developing a new approach to sovereign debt restructuring and explores ways to improve the sovereign debt restructuring process as part of efforts to strengthen the architecture of the global financial system.",
    "Format: Pamphlet (Pamphlet Series)",
    "Page count: 52",
    "Need for a new approach to sovereign debt restructuring has been extensively discussed inside and outside the IMF.",
    "Improving the sovereign debt restructuring process is framed as a key part of the international community’s efforts to strengthen the architecture of the global financial system.",
    "The pamphlet consolidates IMF perspectives on the controversial issue of sovereign debt restructuring into a single publication.",
    "Subjects: Asset and liability management; Collective action clauses; Debt restructuring; Domestic debt; Financial institutions; Legal support in revenue administration; Public debt; Revenue administration; Sovereign debt restructuring",
    "Keywords: Collective action clauses; creditor; debt; Debt restructuring; debtor; Domestic debt; emerging market sovereign; Global; holdout creditor; Legal support in revenue administration; majority restructuring clause; PAM; restructuring process; sovereign; Sovereign debt restructuring; sovereign debt restructuring mechanism"
  ],
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}