It has done so by developing the national capacity to analyze debt issues and to design a national debt strategy, and by using this capacity to negotiate the best possible debt relief and new financing terms from its creditors. In addition, it has moved from being a passive recipient of whatever terms creditors were prepared to offer, to an active participant, setting its own agenda based on its needs for financing poverty reduction and reaching the Millennium Development Goals (MDGs).
New York State law has enormous implications for sovereign debt sustainability and debt crises resolutions,
- 01/16/2025
- Policy Brief