Debt Relief for Green and Inclusive Recovery Project
This paper reviews the main features of and experiences with the Brady Plan, which in 1989 laid the foundation for the restructuring of the sovereign debt of mainly Latin American countries. It argues that the combination of credit enhancement for restructured debt, moral suasion, and tax as well as regulatory relief to encourage private creditors to participate in debt restructurings may provide a template for addressing today's sovereign debt problems.
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Table of contents
Contents
Abbreviations
Abstract
1 Introduction
2 A brief history of the context in which the Brady Plan evolved
3 The Brady Plan
3.1 Central features of the Brady Plan
3.2 The Mexican Brady deal 1
3.3 Supporting measures: Moral suasion and tax relief 1
4 Conclusions: Main lessons and implications for private creditor debt
relief today for green and inclusive growth
References
Author's Bios