[WASHINGTON] More work is needed to improve the sovereign debt restructuring process and help countries facing mounting debt service challenges, the chairs of a global debt roundtable said on Wednesday (Apr 23), as they released a new playbook to aid those efforts.
The Global Sovereign Debt Roundtable, formally launched in late 2022 to help accelerate progress on securing debt treatment for countries in default, met on Wednesday during the spring meetings of the International Monetary Fund (IMF) and the World Bank.
Co-chaired by the IMF, the World Bank and South Africa, the current chair of the Group of 20 major economies, it includes creditors, borrowing countries, private sector executives, debt experts, and financial and legal…
