Jan. 26, 2023, 8:00 PM
A forum to coordinate parties involved in sovereign debt restructuring in Latin America and the Caribbean could help to smooth the processes for countries and creditors, according to the
The new entity would complement existing institutions such as The Paris Club or Common Framework, according to an IDB report released on Thursday. It could develop general practices and norms as well as ease the ability to hold talks before and during actual contract renegotiations.
“Overall coordination is still lacking, particularly given the diversity of creditors and instruments,” a team of experts led by Andrew Powell, …
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