UK group issues debt restructuring guides
The London Coalition on Sustainable Sovereign Debt published two guides to help private lenders and export credit agencies navigate sovereign debt restructurings. The documents aim to improve creditor coordination and break default bottlenecks ahead of upcoming meetings.
A United Kingdom-backed coalition published two guides on Thursday afternoon to help private lenders and export credit agencies navigate sovereign debt restructurings. The release arrives ahead of upcoming international financial meetings in Bangkok, aiming to accelerate default resolutions for emerging markets. The London Coalition on Sustainable Sovereign Debt designed the frameworks to prevent prolonged debt distress seen previously in Zambia and Ghana by rebuilding lost negotiating expertise among commercial creditors.
