Debt deadlock

FT SeriesDebt deadlock

Countries in economic distress are struggling to move forward, hampered by the lack of a global playbook, which has enabled China to become a powerful force in restructuring sovereign debt

  • Ghana default puts domestic debt ‘can of worms’ in the spotlight

    IMF insists for first time that a government must deal with local creditors before it will approve a bailout

    Street vendors sell fresh produce at the Makola Market in Accra, Ghana
  • How China changed the game for countries in default

    The fragile process for dealing with insolvent economies is now at risk of unravelling completely owing to a powerful and unpredictable force in sovereign debt

    Montage showing the logos of the World Bank, IMF and the Export-Import Bank of China, the Chinese government emblem, and the faces of Benjamin Franklin and Mao Zedong on US and Chinese notes respectively

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Originally posted on: https://www.ft.com/debt-deadlock