Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498342795
Category : Business & Economics
Languages : en
Pages : 49
Book Description
This paper identifies contractual reforms designed to address collective action problems in sovereign debt restructuring. Since any decisions regarding the design of contractual provisions will need to be made by the sovereign issuer and its creditors, it is recognized that the Fund’s primary role will be to facilitate agreement on the design and use of these provisions.