Cover Policy Papers
Cross-Country Experience with Restructuring of Sovereign Debt and Restoring Debt Sustainability
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
Policy Papers
Volume/Issue:
Volume 2006: Issue 049
Language:
English
Publication Date:
29 Aug 2006
DOI:
https://doi.org/10.5089/9781498332279.007
ISBN:
9781498332279
ISSN:
2663-3493
Pages:
58
Keywords:
PP; GDP; obligation; long-term debt; Uruguay; debt relief; sensitivity analysis; liquidity crisis; real GDP; IMF staff; GDP growth; foreign currency; Debt sustainability analysis; Debt sustainability; Debt restructuring; Sovereign debt restructuring; Global
Download PDF (1.3 MB) Download Epub
The paper is organized as follows: Section II provides a cross-country overview of the economic conditions, including the composition of sovereign debt and its dynamics prevailing prior to the debt operations, and a discussion of the scope and outcomes—in terms of the debt relief provided by creditors—of the debt restructurings. Section III analyzes the debt profile, liquidity position, DSAs and accompanying stress tests, and an EWS to assess whether debt sustainability has been restored in each country case. Conclusions are set out in Section IV.
  • Collapse
  • Expand
Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2006: Issue 049