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Revitalizing the Global Architecture for Sovereign-Debt Restructuring:

The governments of developing countries face a pressing problem: growing and, in many cases, unsustainable sovereign-debt loads. New York State law governs about half of the developing worldโ€™s sovereign-bond issues. New York legislation slated for 2024 could shape the restructuring framework that will decide how sovereign debt is managed.
New York United States France General United Kingdom Brahimas Coulibaly Chris Mfula

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