Sovdebt Oddities

Zambia: Third Time’s a Charm?

Zambia reached an agreement with a steering committee of investors to restructure its three outstanding eurobonds, more than three years after…

Apr 2, 2024 • 

Theo Maret

14

November 2023

Zambia: the Official Sector Strikes Back

Zambia’s agreement in principle with bondholders was met with reservations by the IMF and the Official Creditor Committee, and is apparently being…

Nov 13, 2023 • 

Theo Maret

10

September 2023

The cautionary tale of Zambia's domestic debt

The architecture for sovereign debt restructurings tends to be shaped by landmark cases.

Sep 11, 2023 • 

Theo Maret

5

Suriname: in a league of its own?

The IMF just reached a staff-level agreement with Suriname on the third review of the country’s program, which restarted in June after a year-long…

Sep 1, 2023 • 

Theo Maret

5

May 2023

Suriname's sovereign restructuring on the move

Bond restructuring in the books, all eyes now on the IMF?

May 10, 2023 • 

Theo Maret

7

April 2023

Sovereign debt takeaways from the IMF meetings

Sovereign debt was on top of the agenda during the IMF/WB Spring Meetings, between April 10 and 16.

Apr 24, 2023 • 

Theo Maret

8

The (un)Common Framework: push comes to shove

The G20 Common Framework somehow assumed that China could behave like Paris Club creditors within the international financial system.

Apr 6, 2023 • 

Theo Maret

12

March 2023

Sovereign restructurings: a logjam long in the making

In September 2022, Sri Lanka reached a Staff Level Agreement with the IMF.

Mar 8, 2023 • 

Theo Maret

2

February 2023

Sri Lanka: who blinks next?

There have been major developments in recent weeks for Sri Lanka’s debt restructuring process and IMF program negotiations: India and the Paris Club…

Feb 8, 2023 • 

Theo Maret

9

January 2023

IMF financing assurances: no quick fix

The financing assurances policy is proving to be the main roadblock towards IMF program approval in recent sovereign restructuring cases, such as Zambia…

Jan 4, 2023 • 

Theo Maret

4

November 2022

Lending Into Official Arrears, a policy adrift?

In my last blog post, I looked at the Suriname 2021 IMF program to try and make the point that it was enabled by blurred lines between financing…

Nov 16, 2022 • 

Theo Maret

3

Suriname: blurred lines between IMF policies

In 2021 the IMF approved a program under the Extended Fund Facility for Suriname.

Nov 7, 2022 • 

Theo Maret

5