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.
| ISBN: | 9781589066106 |
| Publication date: | 30th March 2007 |
| Author: | Harald Finger, Mauro Mecagni |
| Publisher: | International Monetary Fund (IMF) |
| Format: | Paperback |
| Pagination: | 90 pages |
| Genres: |
Public finance and taxation Macroeconomics |