The Bretton Woods Committee’s Sovereign Debt work makes actionable recommendations that are aimed at strengthening the global debt architecture. To balance the needs of both…

Introduction This paper examines state-contingent debt instruments (SCDIs) in sovereign debt restructurings, with a particular focus on value recovery instruments (VRIs). This technique provides additional…

Introduction The question of how best to encourage and expand the role of the private sector in meeting the financing and debt relief needs of…

Introduction As discussed in this analysis, establishing a broadly accepted and consistent information base regarding existing debt obligations is a foundational requirement for successful systemic…

Introduction The sharp, COVID-19-related buildup in sovereign borrowing by emerging and developing economies represents a looming challenge: Many countries will require relief in the next…

FOR IMMEDIATE RELEASE (Washington, DC – 5 April 2021) Today, the Bretton Woods Committee launched its Sovereign Debt Working Group and is proud to release the Working Group’s first…