: :inin Kyiv (EET)

IMF’s new debt rules not vulture-proof

Every country has some form of domestic bankruptcy procedures, whereby debtors who are unable to repay can come to some equitable collective settlement with their creditors. International debt, however, has no such set of resolution procedures. As international capital flows have increased dramatically over the past two decades, this lacuna has become more serious. Former International Monetary Fund chief economist Olivier Blanchard sees substantial progress in new measures developed in the IMF. How much of a breakthrough is this in practice?

The new procedures address a problem that occurs when a country needs emergency support from the IMF. As Blanchard explains …read more

Source: Lowy Institute for International Policy

Researches about Ukraine

This website is created to observe information about Ukraine in the world think tansk and research institutes.
More information about project you can read here

Share This

Share this post with your friends!