CoC advocates principles on sovereign debt restructuring

Rethinking Bretton Woods | Wed, Sep 9, 2015

As the UN gets ready to take action on what would provide, for the first time, a multilateral set of principles to apply in sovereign debt restructurings, Center of Concern joins fellow organizations working on debt in a letter to member countries requesting their support.

The principles would help indebted countries restructure in a fair, timely and orderly fashion, protect transparency and fend off minority creditors’ attempts to achieve extraordinary gain by sabotaging deals reached with the majority of creditors.

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