Global Sovereign Debt Roundtable
Last Updated: December 12, 20231. What is the GSDR?
The objective of the Global Sovereign Debt Roundtable is to build greater common understanding among key stakeholders involved in debt restructurings, and work together on the current shortcomings in debt restructuring processes, both within and outside the Common Framework, and ways to address them.
2. What issues does it cover?
The focus of the Global Sovereign Debt Roundtable is on process and standards, not to discuss country cases. The GSDR does not replace existing restructuring mechanisms such as the Common Framework. Instead, it supports those mechanisms by fostering greater common understanding on concepts and principles, which will in turn facilitate individual restructurings. For example, the Roundtable has facilitated common understanding on information sharing and the role of MDBs in restructuring processes. It has also advanced discussions on the topics of cutoff dates, comparability of treatment, defining the debt restructuring perimeter, debt service suspension and arrears, issues in domestic debt restructurings, and the use of state contingent debt instruments, among other topics.