Till Debt do us Part: the Urgency of a Sovereign Debt Workout Mechanism
Published By: United Nations Department of Economic and Social A | Published Date: June, 01 , 2010The danger to global economic recovery posed by the European debt turmoil throws a spotlight on a key missing international institution critical to global finance a sovereign debt resolution mechanism. Countries have run up unsustainable debt burdens in the past, and this can easily happen again in the future. A new framework for sovereign debt restructuring is critical to developing a stable international financial system that promotes economic development enabling countries to achieve the MDGs.
Author(s): United Nations Department of Economic and Social Affairs | Posted on: Jan 31, 2016 | Views() | Download (142)