Restructuring Debt of Poorer Nations Requires More Efficient Coordination

Reducing poverty and improving equity
Apr 09, 2022 | IMF, Guillaume Chabert, Martin Cerisola, Dalia Hakura

Spurred by low interest rates, high investment needs, limited progress raising additional domestic revenue, and stretched systems for managing public finances, the debt ratios of Debt Service Suspension Initiative (DSSI) countries have increased, partly reversing a decline seen in the early 2000s. Guillaume Chabert, Martin Cerisola, and Dalia Hakura suggest in their IMF blog that putting in place mechanisms that ensure coordination and confidence among creditors and debtors has become urgent. Improvements to the G20 Common Framework could play an important role by ensuring broad participation of creditors, and fairer burden sharing. Strengthening debt management and debt transparency should be priorities as this will help countries manage debt risks, reduce the need for debt restructurings, and facilitate more efficient and durable resolution if debt becomes unsustainable.
https://blogs.imf.org/2022/04/07/restructuring-debt-of-poorer-nations-requires-more-efficient-coordination/ations

print button Print
Related Articles:

Popular Articles

Poverty as a Wicked Problem

The belief that poverty can be prevented by identifying and dealing with its causes, and the...  Read More

Is Mars Ours?

Jun 13, 2021 | The New Yorker, Adam Mann

NASA and China having landed mobile rovers on the surface of Mars has raised the question of...  Read More

Think Local and Act Global - A Conversation with GGF 2030 fellow Cara Stauß

Nov 15, 2018 | Global Policy,

World affairs, diplomacy and trade are no longer solely the domain of nation-states, as cities...  Read More

Global Extreme Poverty

According to household surveys, 44 percent of the global population lived in absolute...  Read More

Popular Videos

A Message from Alan Doss, President of the Kofi Annan Foundation

Highlights from the G20 Think Tank Summit GLOBAL SOLUTIONS in Berlin

Happy Birthday Kofi Annan!

T20 Summit GLOBAL SOLUTIONS – Sean Cleary

Global Trends, Risks and Rewards — Where Are We Now, Where Are We Going?