Navigating Debt Restructuring Challenges

This chapter examines the intricate landscape of debt restructuring, focusing on the political and legal hurdles faced by bilateral and commercial creditors. It highlights the complexities of intercreditor agreements, the influence of state-owned banks, and the impact of legal threats on negotiations in cases like Ukraine and Zambia. The discussion underscores the need for clarity and equitable terms to facilitate successful debt resolutions in an international context.