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Comparative Analysis of Debt Restructuring Strategies in Developing Economies: A Case Study of Ghana, Zambia, and Sri Lanka

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Comparative Analysis of Debt Restructuring Strategies in Developing Economies: A Case Study of Ghana, Zambia, and Sri Lanka (EN)
Kamburawala, Tharindu Udayanga
Abeyrathne, Dilmini Hasintha
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article (EN)
2023-12-31
The issue of global debt distress is a matter of great concern, not just for the affected developing countries but also for developed countries and international organisations. According to the United Nations Development Program (2022), 54 developing economies are currently grappling with severe debt problems. During the period of 2020 to 2022 Ghana, Zambia, and Sri Lanka, representing the African and Asian regions, have found themselves in dire financial straits. This study aims to discover the common and specific reasons that led to the mounting debt crises in these three countries. The study describes the tax revenue challenges and governance issues, middle income trap and China’s role in debt restructuring discussions as common challenges apart from country specific challenges. Timely discussions with the International Monetary Fund (IMF) and expedited agreements with creditors, and updated debt restructuring mechanisms are drawn to attention in this study. (EN)
IMF (EN)
debt restructuring (EN)
developing countries (EN)
debt distress (EN)
developed countries (EN)
HAPSc Policy Briefs Series
English
Hellenic Association of Political Scientists (HAPSc) (EN)
2732-6586
2732-6578
HAPSc Policy Briefs Series; Τόμ. 4 Αρ. 2 (2023): HAPSc Policy Briefs Series; 147-153 (EL)
HAPSc Policy Briefs Series; Vol. 4 No. 2 (2023): HAPSc Policy Briefs Series; 147-153 (EN)
Copyright (c) 2023 Dilmini Hasintha Abeyrathne, Tharindu Udayanga Kamburawala (EN)
http://creativecommons.org/licenses/by/4.0
Hellenic Association of Political Scientists (HAPSc)
HAPSc Policy Briefs Series
Articles



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