Tag: brady plan
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You’ve Heard of the Brady Plan, But What About the “Shanghai Plan” to Restructure Developing World Debt?
This week's revelation from the AfDB that Africa's total public debt now stands at $546 billion, more than all of the revenue collected in 2021 by governments across the continent, is the latest indication that the debt issue is blooming into a full-blown crisis ...
China Risks Repeating Debt Restructuring Mistakes of the Past Say Research Trio “HRT”
Chinese creditors' obsession with secrecy and their outright refusal to cancel debts held by low-income countries will undermine the chances of success of any major sovereign debt restructuring initiative, argue World Bank economists Sebastian Horn and Carmen Reinhart along with University of Kiel economist Christoph Trebesch.