IMF (International Monetary Fund)

Debt Relief by Private Creditors: Lessons from the Brady Plan

Debt Relief for Green and Inclusive Recovery Project

Published: 1 October 2021

This paper reviews the main features of and experiences with the Brady Plan, which in 1989 laid the foundation for the restructuring of the sovereign debt of mainly Latin American countries. It argues that the combination of credit enhancement for restructured debt, moral suasion, and tax as well as regulatory relief to encourage private creditors to participate in debt restructurings may provide a template for addressing today's sovereign debt problems.

Cover der Studie "Debt Relief for a Green and Inclusive Recovery"

Debt Relief for Green and Inclusive Recovery

Published: 17 November 2020

This report proposes a Debt Relief for Green and Inclusive Recovery Initiative as an ambitious, concerted, and comprehensive debt relief initiative that frees up resources to support recoveries in a sustainable way, boosts economies’ resilience, and fosters a just transition to a low-carbon economy.

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Cover of the publication "Dual Pressures on Iran"

Dual Pressures on Iran

Published: 3 December 2021
Study

The present study by David Jalilvand examines in view of the pandemic, whether the population and, above all, marginalized groups are affected by the precarious medical care in Iran and whether the sanctions are possibly failing to achieve their goal.