Multilateral development banks must participate in debt relief

published on project-syndicate.org, 04.10.2023

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The only way to resolve the sovereign-debt crisis is for multilateral lenders to participate in restructurings alongside bilateral and private creditors. But, to ensure equitable burden sharing, losses should be determined using fair rules for comparability of treatment that incorporate the cost of lending.

Über den Autor

Volz, Ulrich

Ökonom

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