IMF considers sovereign debt protection

US - The International Monetary Fund has unveiled a radical plan to make itself the gatekeeper for a system designed to give heavily-indebted countries bankruptcy protection.

If the concept ever becomes reality, it could mean that countries at risk of defaulting on their loans could be granted a stay on their interest payments while they reschedule. Four out of the seven G7 countries are said to have backed the idea at the group of leading industrial states' most recent meeting in Ottawa earl

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: