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RE: LeoThread 2024-02-07 01:07

in LeoFinance • last year

🧵 1/ Global creditors to discuss sovereign creditors' ratings at virtual meeting. Focus on debt reprofiling, swaps, buy-backs, and debt service suspension. Attendees include IMF, World Bank, G20, and rating agency officials. #finance

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    🧵 2/ The meeting aims to reach consensus on handling local debt restructurings, treatment comparability, and cut-off dates. Previous delays in debt treatment for defaulted countries prompted the launch of the roundtable in 2022.

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      🧵 3/ Representatives from borrowing countries, official creditors, debt experts, and financial/legal advisers also attending. The roundtable co-chaired by IMF, World Bank, and Brazil. Precedes World Bank and IMF spring meetings in April.

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