Policy Papers

A Stocktaking of The Current International Architecture for Resolving Sovereign Debt Involving Private Sector Creditors

October 7, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Legal Dept., International Monetary Fund. Strategy, Policy, & Review Department, and International Monetary Fund. Monetary and Capital Markets Department "A Stocktaking of The Current International Architecture for Resolving Sovereign Debt Involving Private Sector Creditors", Policy Papers 2025, 034 (2025), accessed October 8, 2025, https://doi.org/10.5089/9798229024464.007

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

There have been major developments in the global economy and sovereign debt markets since the Fund’s stocktaking in 2020. The contractual framework for the resolution of privately held sovereign debt has evolved further. Progress has been made in certain areas, although gaps still remain.

Subject: Asset and liability management, Bonds, Debt restructuring, Domestic debt, Financial institutions, International bonds, Loans, National accounts, Private debt, Public debt, Securities, Sovereign bonds, Sovereign debt restructuring

Keywords: Argentina, Bonds, Bonds, Debt management, Debt restructuring, Debt restructuring, Debt Service, Debt Transparency, Domestic debt, Domestic Debt Restructuring, Domestic law, Enhanced CACs, Exchange offer, External debt, Global, International bonds, International bonds, Loans, Private debt, Restructuring negotiations, Secondary Market, Securities, Sovereign bonds, Sovereign Bonds, Sovereign debt restructuring, Sovereign Debt Restructuring, Statutory tools

Publication Details