Restructuring Country Debt

T. H. Donaldson

Chapter 12 in How to Handle Problem Loans, 1986, pp 202-228 from Palgrave Macmillan

Abstract: Abstract A country cannot go bankrupt in the sense of distributing its assets among creditors and ceasing to exist. Therefore some of the arguments put forward in Chapter 9 about apportionment of debt for a bankrupt company do not apply. Lenders to countries fall into categories, which tend to negotiate separately but keep a jealous eye on each other. The three minimum types are (1) governments, whether lending directly or through export insurance agencies; (2) medium-term bank lenders and (3) short-term bank lenders.

Keywords: Cash Flow; Central Bank; Trade Creditor; Debt Service; Equity Investment (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-07740-3_12

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