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Sovereign Debt Restructuring and Debt Sustainability: An Analysis of Recent Cross-Country Experience
Unavailable
Sovereign Debt Restructuring and Debt Sustainability: An Analysis of Recent Cross-Country Experience
Unavailable
Sovereign Debt Restructuring and Debt Sustainability: An Analysis of Recent Cross-Country Experience
Ebook152 pages42 minutes

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

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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.

LanguageEnglish
Release dateApr 10, 2007
ISBN9781452724096
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Sovereign Debt Restructuring and Debt Sustainability: An Analysis of Recent Cross-Country Experience

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