Skip to Main Navigation

Achieving Comparability of Treatment under the G20’s Common Framework (English)

The principle of comparability of treatment (CoT) is a key element of the G20’s Common Framework for debt restructuring. However, in its current form, is not being enforced, does not distribute the burden of debt reduction equally among creditors, and does not guarantee compliance by private creditors, except for “light” restructurings. The note proposes two main reforms to address this challenge: (i) carrying out coordinated and simultaneous negotiations across creditors and (ii) using NPV reduction based upon a common discount rate as the only measure of CoT.

Details

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Rivetti,Diego

Achieving Comparability of Treatment under the G20’s Common Framework (English). Equitable Growth, Finance and Institutions Notes Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/426641645456786855/Achieving-Comparability-of-Treatment-under-the-G20-s-Common-Framework