Sovereign Debt Sustainability

Explains that the reason for the failure of recent initiatives to alleviate the poorest countries’ debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the ‘Credit Ratings impasse’.

Explica faptul ca motivul esecului initiativelor recente de a atenua problemele legate de datoria celor mai sarace tari este incapacitatea de a aduce tarile suverane la masa pentru a-si renegocia acordurile de datorie cu creditorii privati, deoarece se tem de agentiile de rating de credit si de perspectiva unei retrogradari: ,,impassul evaluarilor de credit".