LONDON, Oct 8 (Reuters) – The UK-government backed London Coalition on Sustainable Sovereign Debt published two guides on Thursday aimed at helping banks and other private lenders and export credit agencies navigate sovereign debt restructurings.
The documents are part of a wider effort to break bottlenecks that slowed the path out of default for the likes of Zambia, opens new tab and Ghana. The Coalition’s work is also expected to help shape Britain’s agenda as next G20 chair, with developing country debt expected to feature prominently at the upcoming IMF and World Bank Annual meetings in Bangkok.