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, Reuters, Thursday, reported the Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, as saying. A raft of recent defaults from Zambia to Ethiopia have fuelled...The post UNCTAD Chief Calls For Permanent Sovereign Debt Restructuring System appeared first on New Telegraph.
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