Kraemer, Moritz and Shen, Dennis (2022) African Governments Need to Restructure Their Debt – And Rating Agencies Can Help. London: SOAS CSF Policy Briefings.
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Abstract
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.
| Item Type: | Monographs and Working Papers (Other) |
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| SOAS Departments & Centres: | Departments and Subunits > Department of Economics School Research Centres > Centre for Sustainable Finance |
| Date Deposited: | 18 Jul 2022 09:56 |
| URI: | https://eprints.soas.ac.uk/id/eprint/37760 |
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