Title: Sovereign debt restructuring and debt sustainability
First published: 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: Financial crises, Debt relief, Public Debts, Debt service, Debts, Public, Crises financières, Dette publique, Pays en développement, Gestion de la dette, Financiële crises, Service de la dette, Dettes publiques, Öffentliche Schulden, Allègement, Schuldsanering, Dettes, Crise financière, Financiele crises, Allegement, Crises financieres, External Debts
Places: Developing countries
LC classification: HG3891.5 .F46 2007