Retrieving "Multilateral Organizations" from the archives
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Debt
Linked via "multilateral organizations"
Sovereign Debt and Restructuring
Sovereign debt refers to obligations issued by national governments. This category is unique because the creditor base is diverse (domestic bondholders, foreign institutions, and multilateral organizations) and the jurisdiction for enforcement is ambiguous.
When a nation is unable or unwilling to meet its obligations, it may initiate a formal [res…