4min chapter

Moody’s Talks – The Big Picture cover image

Unraveling the recent sovereign default wave

Moody’s Talks – The Big Picture

CHAPTER

Analyzing the Causes and Consequences of the Recent Sovereign Default Wave

This chapter delves into the recent wave of sovereign defaults in lower-income countries, investigating the reasons behind their increasing debt burden and the challenges they face in restructuring. It examines regional variations in debt burdens, the involvement of diverse creditors, and the absence of a global framework for debt restructuring.

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