External publications

Multilateral development banks must participate in debt relief

Zucker Marques, Marina / Ulrich Volz
External Publications (2023)

published on project-syndicate.org, 04.10.2023

Volltext/Full text

The only way to resolve the sovereign-debt crisis is for multilateral lenders to participate in restructurings alongside bilateral and private creditors. But, to ensure equitable burden sharing, losses should be determined using fair rules for comparability of treatment that incorporate the cost of lending.