The IMF is seeking a new way out for indebted countries. Proposed new IMF rules could allow some struggling nations to “reprofile” their debt instead of defaulting.

The IMF is seeking a new way out for indebted countries. Proposed new IMF rules could allow some struggling nations to “reprofile” their debt instead of defaulting.

The beauty of an IMF-supported debt reprofiling is that it takes the final assessment of sustainability away from the IMF staff and hangs it on the ability of a country’s reformers to convince financial markets that their public finances are soundThat’s a change worth making.

http://qz.com/224564/a-great-new-way-for-the-imf-to-help-debt-laden-countries-without-forcing-them-to-default/

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