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Reforming the global financial architecture | Business Redefined

The global south has come under sovereign debt vulnerabilities ever since COVID19 struck & thereafter major economies began tightening monetary policy to contain run-away inflation following the Russia-Ukraine war. Sri Lanka, Zambia, Ghana, Ethiopia & Suriname defaulted on their debt obligations in the wake of this environment. Is the global financial architecture as presently structured fit for purpose when it comes to sovereign debt distress & resolution? Has the Common Framework delivered on its mandate of accelerating debt restructuring? Business Redefined attended a conference in Brazil dedicated to addressing these & more questions
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