| dc.contributor.author | Econ Team | |
| dc.date.accessioned | 2023-11-09T04:19:56Z | |
| dc.date.available | 2023-11-09T04:19:56Z | |
| dc.date.issued | 2022-06 | |
| dc.identifier.uri | https://archive.veriteresearch.org/handle/456/6141 | |
| dc.description | This entry contains 01 infographic available in English. It is also available on the Public Finance Platform. | en_US |
| dc.description.abstract | A country resorts to debt restructuring when its public debt is unsustainable. Debt restructuring involves a substantive default on existing debt contracts. This can occur through an orderly or disorderly process. An orderly default (pre-emptive default) is when (1) a country does not miss a debt service payment or (2) misses a debt service payment after securing consent from creditors to do so. A disorderly default is when a country misses a debt service payment and fails to secure consent from creditors to do so.
This infographic shows that countries who restructure their debt after a disorderly default takes a longer time to restructure debt, as opposed to countries that restructure debt after an orderly default. | en_US |
| dc.language.iso | en | en_US |
| dc.relation.ispartofseries | Public Finance Infographics; | |
| dc.subject | Public finance - Sovereign domestic debt | en_US |
| dc.subject | Public finance - Domestic debt restructuring | en_US |
| dc.subject | Debt restructuring - Disorderly default | en_US |
| dc.subject | Public finance - Public debt | en_US |
| dc.title | Average Time Taken to Restructure Debt | en_US |
| dc.type | Infographics | en_US |
