This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in … been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in … designing and implementing a comprehensive debt restructuring strategy and draws together some key principles. …

This paper reviews Latvia’s efforts to manage the increase in debt distress resulting from the unwinding of the 2000 … incentives for marked-based debt resolution by improving the legal framework for credit enforcement, introducing tax incentives … for debt write-downs, and strengthening financial sector supervision. These measures have started to yield results, but …

the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had … a more objective framework has been developed for assessing debt sustainability, and this approach continues to be …