44 Spiritual Poems and Metaphysical Commentaries

After A Sovereign Debt Restructuring Restoring The Country'S Debt To A Sustainable Path Is Key To Ensuring A Credible And Durable Exit From The Crisis. In Recent Years A Number Of Countries Have Restructured Their Sovereign Liabilities Either Following A Default Or Preemptively To Avoid A Default. This Occasional Paper Takes Stock Of The Experiences Of Some Of These Countries--Argentina The Dominican Republic Ecuador Moldova Pakistan Russia Ukraine And Uruguay--With Debt-Restructuring Operations With A View To Assessing The Outcomes And Whether Debt Sustainability Has Been Restored. The Emphasis Of The Study Is On Sovereign Debt Owed To Private Creditors.