Time is Ripe for Innovation in the World of Sovereign Debt Restructuring

2020-11-25T10:01:38-05:00November 19, 2020|

By Peter Breuer and Charles Cohen

عربي, 中文, Español, Français, 日本語, Português, Русский 

When corporations have too much debt and need to restructure it, creditors often end up exchanging bonds or loans for stocks. They trade the guaranteed payout of a fixed-income investment for an equity position whose return depends on the company’s future results. […]

Reform of the International Debt Architecture is Urgently Needed

2020-10-06T09:12:59-04:00October 1, 2020|

By Kristalina Georgieva, Ceyla Pazarbasioglu, and Rhoda Weeks-Brown

عربي, 中文, Español, Français日本語, Português, Русский 

The COVID-19 pandemic has pushed debt levels to new heights. Compared to end-2019, average 2021 debt ratios are projected to rise by 20 percent of GDP in advanced economies, 10 percent of GDP in emerging market economies, and about 7 percent in low-income-countries. […]

Time to Act Now: It’s All About the Right Policy Mix

2019-03-15T14:05:00-04:00October 19, 2017|

By IMFBlog

October 19, 2017

“The road ahead is not an easy one,’’ the IMF’s Executive Directors wrote after the IMF’s first ever Annual meeting in 1946.’’ We do not underestimate the difficulties facing us.’’

More than 70 years later, we’ve encountered many a storm across continents from the Latin American sovereign debt crisis to the Savings and Loans crisis to the Asian crisis. And then there was the global financial […]

Asia: The Challenge of Capital Inflows

2017-04-15T14:37:16-04:00May 18, 2010|

History has shown that persistent and large capital inflows can be a double edged sword. While they bring with them numerous benefits, they do pose risks and policy dilemmas. Continued large capital flows pose, for example, the risk of overheating and runups in asset prices that may subsequently render the region vulnerable to outflows and asset price busts.
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