African Governments Need to Restructure Their Debt – And Rating Agencies Can Help

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Main author: Kraemer, Moritz
Other authors: Shen, Dennis
Format: Monographs and Working Papers           
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id eprints-37760
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description 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.
format Monographs and Working Papers
author Kraemer, Moritz
author_facet Kraemer, Moritz
Shen, Dennis
authorStr Kraemer, Moritz
author_letter Kraemer, Moritz
author2 Shen, Dennis
author2Str Shen, Dennis
title African Governments Need to Restructure Their Debt – And Rating Agencies Can Help
publisher SOAS CSF Policy Briefings
publishDate 2022
url https://eprints.soas.ac.uk/37760/

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