Sovereign restructurings: a logjam long in the making
www.sovdebtoddities.com
In September 2022, Sri Lanka reached a Staff Level Agreement with the IMF. Six months later, the program is moving to the Executive Board on March 20 after China provided financing assurances that were deemed as sufficient by the IMF – the first time it does so outside of the Common Framework. While this progress is most welcome, there’s still a long way to go as noted by
Sovereign restructurings: a logjam long in the making
Sovereign restructurings: a logjam long in…
Sovereign restructurings: a logjam long in the making
In September 2022, Sri Lanka reached a Staff Level Agreement with the IMF. Six months later, the program is moving to the Executive Board on March 20 after China provided financing assurances that were deemed as sufficient by the IMF – the first time it does so outside of the Common Framework. While this progress is most welcome, there’s still a long way to go as noted by