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This paper explores whether a broader role for the SDR could contribute to the smooth functioning...

Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical...

As part of the Fund’s ongoing work on sovereign debt restructuring, in October 2014 the Executive...

This paper describes an approach for computing the market value of an interest guarantee on a...

The IMF Executive Board endorsed in October 2014 the inclusion of key features of enhanced pari...

endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and...