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

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

By: Harald Finger (author), Mauro Mecagni (author)Paperback

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Description

After a sovereign debt restructuring, restoring the country's debt to a sustainable path 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.

Product Details

  • ISBN13: 9781589066106
  • Format: Paperback
  • Number Of Pages: 90
  • ID: 9781589066106
  • ISBN10: 1589066103

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