Why is debt restructuring important?

The G20 Common Framework was launched in 2020 to help countries facing high levels of external debt and interest. Its purpose was simple: bring creditors together, restructure debts fairly, and help countries get back on a sustainable path. Over five years later, the system is failing to deliver timely and adequate debt relief. Countries have…

Why is restructuring important? | Bond

The G20 Common Framework was launched in 2020 to help countries facing high levels of external debt and interest. Its purpose was simple: bring creditors together, restructure debts fairly, and help countries get back on a sustainable path. Over five years later, the system is failing to deliver timely and adequate debt relief. Countries have…

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South Korean firms seek more compensation to exit North Korea projects

Companies with frozen assets in North Korea are seeking further compensation and debt write-offs to permanently wind down their businesses. Members of an inter-Korean business association hold a head-shaving ceremony outside the Blue House in central Seoul, on July 10.YONHAP South Korean companies involved in inter-Korean economic projects on Tuesday called for additional compensation and…