Africa: IMF Launches Discussion of Sovereign Debt Restructuring

[IMF]The IMF is taking a fresh look at sovereign debt restructuring, with a robust work agenda on this issue in the coming months, said Hugh Bredenkamp, Deputy Director of the IMF’s Policy, Strategy, and Review Department. In an interview with the IMF Survey, Bredenkamp noted that sovereign debt is back at the center of economic policy debate as a result of the global crisis, prompting the IMF to develop a new work program on the topic.