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Maroc Maroc - ASAASERADI.COM - A la Une - 28/Sep 10:13

UNCTAD chief calls for permanent sovereign debt restructuring system

The global financial architecture needs a permanent mechanism for restructuring sovereign debt, as measures currently in place have fallen short for creditors and borrowers alike, the head of the UN Trade and Development agency told Reuters. A raft of recent defaults from Zambia to Ethiopia have fuelled a debate about how to ensure that countries …

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