Donor governments do not have to fund poor country debt relief from their fiscal budgets. They can tap long-unused reserve assets available at the IMF called Special Drawing Rights (SDRs).
Barry Herman
Argentina’s Debt: How to Buy Time in the Pandemic
As the country faces yet another debt crisis, what is a constructive way forward for Argentina and its creditors?
United Nations Commission on International Trade Law
The UNCITRAL comprises of 60 legal experts elected by the Assembly to represent all governments, drawing on both common law and civil law traditions.
Wanted: A New Debt Deal for the World
Beyond just Argentina, it’s time to find a solution for how unpayable sovereign debts are fixed.
Country Bankruptcies and the Shackles of U.S. Law
Argentina and beyond: Is there an effective global solution for country bankruptcies?
Sovereign Debt Difficulties: Had Enough Yet?
Can the fragmentary and chaotic process of resolving sovereign debt crises be made fairer and more effective?