IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components
Abstract The first introductory manual of the IMF framework for Sovereign Debt Restructurings (SDRs) is introduced in this article. SDR processes, in which billions of dollars are negotiated, constitute key elements for the healthy recovery of an over-indebted economy. However, there are no academic...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Fundação Getúlio Vargas, Escola de Direito
2020-09-01
|
| Series: | Revista Direito GV |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1808-24322020000200207&tlng=en |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832570258426167296 |
|---|---|
| author | Alejandro Gabriel Manzo |
| author_facet | Alejandro Gabriel Manzo |
| author_sort | Alejandro Gabriel Manzo |
| collection | DOAJ |
| description | Abstract The first introductory manual of the IMF framework for Sovereign Debt Restructurings (SDRs) is introduced in this article. SDR processes, in which billions of dollars are negotiated, constitute key elements for the healthy recovery of an over-indebted economy. However, there are no academic works that analyze in depth the way in which the Fund organizes them. Based on official documents, this paper aims to bridge this gap by explaining how the components that shape the IMF SDR framework are articulated. To this end, the article analyzes: 1) the framework substantial and procedural rules in order to show it as an abstract normative structure as well as an action procedure applicable to specific cases; 2) the framework evolution, synthetically presenting the discussions that gave rise to its main components and justified its principal changes; 3) the framework latest updates, which modified sensitive areas of the Fund’s surveillance and financing functions. This analytical perspective closes a logical circle that shows the IMF SDR framework in a historical and integral manner and also gives an idealistic insider view to what the Fund is and how it operates. |
| format | Article |
| id | doaj-art-7add132edd0e45cba40fa321c7be7210 |
| institution | Kabale University |
| issn | 2317-6172 |
| language | English |
| publishDate | 2020-09-01 |
| publisher | Fundação Getúlio Vargas, Escola de Direito |
| record_format | Article |
| series | Revista Direito GV |
| spelling | doaj-art-7add132edd0e45cba40fa321c7be72102025-02-02T15:59:10ZengFundação Getúlio Vargas, Escola de DireitoRevista Direito GV2317-61722020-09-0116210.1590/2317-6172201965IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main ComponentsAlejandro Gabriel Manzohttps://orcid.org/0000-0002-9512-0798Abstract The first introductory manual of the IMF framework for Sovereign Debt Restructurings (SDRs) is introduced in this article. SDR processes, in which billions of dollars are negotiated, constitute key elements for the healthy recovery of an over-indebted economy. However, there are no academic works that analyze in depth the way in which the Fund organizes them. Based on official documents, this paper aims to bridge this gap by explaining how the components that shape the IMF SDR framework are articulated. To this end, the article analyzes: 1) the framework substantial and procedural rules in order to show it as an abstract normative structure as well as an action procedure applicable to specific cases; 2) the framework evolution, synthetically presenting the discussions that gave rise to its main components and justified its principal changes; 3) the framework latest updates, which modified sensitive areas of the Fund’s surveillance and financing functions. This analytical perspective closes a logical circle that shows the IMF SDR framework in a historical and integral manner and also gives an idealistic insider view to what the Fund is and how it operates.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1808-24322020000200207&tlng=enInternational Monetary Fund (IMF)Sovereign Debt Restructuring (SDR)International Financial Architecture (IFA) |
| spellingShingle | Alejandro Gabriel Manzo IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components Revista Direito GV International Monetary Fund (IMF) Sovereign Debt Restructuring (SDR) International Financial Architecture (IFA) |
| title | IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components |
| title_full | IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components |
| title_fullStr | IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components |
| title_full_unstemmed | IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components |
| title_short | IMF Sovereign Debt Restructuring Framework: Origin, Evolution and Latest Updates of its Main Components |
| title_sort | imf sovereign debt restructuring framework origin evolution and latest updates of its main components |
| topic | International Monetary Fund (IMF) Sovereign Debt Restructuring (SDR) International Financial Architecture (IFA) |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1808-24322020000200207&tlng=en |
| work_keys_str_mv | AT alejandrogabrielmanzo imfsovereigndebtrestructuringframeworkoriginevolutionandlatestupdatesofitsmaincomponents |