The Future of Republican Economics
Ones and Tooze
Financial Assistance Decision-Making in International Debt Crises
In international debt crises, decisions on providing financial assistance to countries like Ukraine are influenced by private investors who have purchased the country's debt. These investors, including BlackRock, Amundi, and PIMCO, form creditor committees like the ad hoc credit committee for Ukraine. The negotiation involves offering concessions on the purchased debt, with parties like Ukraine aiming for significant discounts, such as a proposed 60% discount in this case.
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