Donor governments do not have to fund poor country debt relief from their fiscal budgets. They can tap long-unused reserve assets available at the IMF called Special Drawing Rights (SDRs).
As the country faces yet another debt crisis, what is a constructive way forward for Argentina and its creditors?
The UNCITRAL comprises of 60 legal experts elected by the Assembly to represent all governments, drawing on both common law and civil law traditions.
Beyond just Argentina, it’s time to find a solution for how unpayable sovereign debts are fixed.
Argentina and beyond: Is there an effective global solution for country bankruptcies?