Author

Contributions

  • Mecagni, Mauro. - Contributor
  • International Monetary Fund. - Contributor

Publication

2007 - International Monetary Fund, Washington, DC, District of Columbia

Language

English

Word Count

9,750 words, Guess

Page Count

39 pages

Identifiers

and 1 more

Classifications

  • LCCHG3891.5 .F46 2007

Description

"In the difficult circumstances where a sovereign debt restructuring becomes unavoidable, 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 -- including Argentina, the Dominican Reputlic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay -- have had to restructure their sovereign liabilities, either following a default, or preemptively to avoid a default. This study takes stock of these countries' experiences 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, and the analysis is based on information available as of late 2005..." -- preface, v.

Subjects

Series Statement

  • Occasional paper -- 255.

Other Editions

  • Sovereign debt restructuring and debt sustainability: an analysis of recent cross-country experienceInternational Monetary Fund2007-01-01

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