We declare our full solidarity with Ukraine. We stand by the side of our Ukrainian partners and colleagues and, at the same time, by the side of our partners in Russian civil society who are beset by harsh repression.
The business of the AIIB is the financing of large infrastructure projects such as power plants, dams and transport routes. Such investments are inherently associated with high environmental and social risks, as well as corruption and high levels of debt. This study provides an overview of the institution's close alignment with China and its transparency and information disclosure rules.
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.