During a series of meetings in the upcoming weeks, the International Monetary Fund (IMF) expects the global sovereign debt roundtable to make “tangible” progress in accelerating debt restructurings for deeply indebted countries.
Technical discussions will take place on Friday, according to IMF spokeswoman Julie Kozack. A workshop on comparability of treatment will be held on June 15 and will be organized by China, the IMF, the Paris Club of official creditors, the IMF, the International Institute of Finance, and possibly India, the current president of the Group of 20 major economies.
Kozack informed a regular IMF briefing that this will be followed on June 30 by a gathering of representatives from roundtable participants, with the hope that such gatherings would turn into regular events occurring every few months.
She announced that the next principals meeting would occur in October in Morocco during the IMF and World Bank’s annual meetings.
She issued a warning, noting that the roundtable’s work was more concerned with general processes and procedures than specific country issues.
