African Governments Need to Restructure Their Debt – And Rating Agencies Can Help
| Main author: | Kraemer, Moritz |
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| Other authors: | Shen, Dennis |
| Format: | Monographs and Working Papers |
| Online access: |
Click here to view record |
| Summary: |
An effective global debt restructuring framework remains an urgent need, and a supportive element could consist of a change of sovereign rating practices. By integrating severity of financial losses in a default episode, rating agencies could better serve investors, while also incentivising overleveraged governments to seek debt relief. As interest rates rise, the world economy slows and food prices mount, procrastination around debt relief would result in avoidable humanitarian crises. |
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| Other authors: | Shen, Dennis |
| Language: | English |
| Published: |
SOAS CSF Policy Briefings
2022
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