Explore stories from Atlantic Canada.
Prelude to the Best Sommelier of Canada Contest | SaltWireWASHINGTON - A senior U.S. Treasury official on Monday said there were signs of"potential improvement" in sovereign debt restructuring cases and more vulnerable countries were expected to seek help, but further work was needed to accelerate the process.
"The critical test of any progress will be whether it is sustained when, as seems likely, more countries come forward requesting debt treatments," he said. The Group of 20 major economies set up the Common Framework for debt relief for low-income countries during the COVID pandemic, but only two cases - Chad and Zambia - have completed the process, with Ethiopia's request still in work.
Roundtable participants have discussed state-contingent debt instruments which helped advance Zambia's restructuring and Neiman said these can be helpful when creditors disagree on a borrower's future prospects, such as differences in the outlook for oil prices for an oil exporting debtor country.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
France will struggle to meet deficit target, says IMF chief economistExplore stories from Atlantic Canada.
Read more »
Web Summit CEO resigns after recent comments on Israeli conflictExplore stories from Atlantic Canada.
Read more »
Soccer-Kvaratskhelia nets brace as Napoli cruise to 3-1 win at VeronaExplore stories from Atlantic Canada.
Read more »
Canadiens call up Joel Armia from the AHL's Laval RocketExplore stories from Atlantic Canada.
Read more »
China to bolster economic recovery and curb risks, central bank head saysExplore stories from Atlantic Canada.
Read more »