Other reactive measures have aimed to improve the restructuring process. Following the Mexican crisis of 1994, the OECD’s G10 proposed introducing collective action clauses (CACs) in bond contracts, ...

At the heart of the dispute are creditor concerns that Ethiopia’s restructuring proposal could favour bondholders over other ...

Separately, Chevron last month signed an asset exchange agreement with PDVSA, expanding its footprint in Venezuela's heavy ...

In October 2025 the IMF released the 2025 Debt Stocktaking Policy Paper. This represents the first comprehensive review of documentation relating to international sovereign restructurings since 2020.

Just four years after plunging into one of Africa’s most closely watched debt crises, Ghana is setting an ambitious new goal: ...

Restructuring Venezuela's sovereign debt and that ‌of state oil firm PDVSA will bring the country "out of the shadows" of the global financial system, interim Central Bank President Luis Perez said on ...

Argentina is on the verge of completing one of the largest sovereign debt restructurings in history. Argentina is seeking to restructure about $82 billion in bonds, plus $21 billion or so in past due ...

Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting ​bond prices, ...

Venezuela has retained Hogan Lovells US LLP as legal counsel for what is expected to be one of the largest sovereign debt ...

Veteran French banker Matthieu Pigasse has emerged as a central figure in Venezuela’s debt restructuring efforts after his ...

Ukraine launched a new effort to restructure certain sovereign debt obligations as the nation vies to improve its financial health and defend itself against Russia. The finance ministry on Monday ...

Sovereign debt markets are beginning to develop a way to manage shocks before they escalate into full restructuring episodes.