Format:
1 Online-Ressource (circa 30 Seiten)
,
Illustrationen
ISBN:
9781513529967
Series Statement:
IMF working paper WP/20, 34
Content:
This paper examines the causes, processes, and outcomes of Barbados' 2018-19 sovereign debt restructuring-its first ever. The restructuring was comprehensive, featuring several rarely used approaches, including the restructuring of treasury bills, and the use of a retrofitted collective action mechanism. The debt restructuring has helped to set Barbados' public debt on a clear downward trajectory. A sustained reform effort, maintaining high primary surpluses and ambitious structural reforms, will be needed to gradually reduce public debt from about 160 percent of GDP before the restructuring to the country's 60 percent debt-to-GDP target
Additional Edition:
Erscheint auch als Druck-Ausgabe Myrvin, Anthony Barbados' 2018-19 Sovereign Debt Restructuring-A Sea Change? Washington, D.C. : International Monetary Fund, 2020 ISBN 9781513529967
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781513529967.001
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