1. Ukraine and the IMF's Evolving Debt Crisis Narrative
- Author:
- Susan Schadler
- Publication Date:
- 11-2015
- Content Type:
- Policy Brief
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Against the International Monetary Fund’s (IMF’s) fraught experience with crises where debt restructuring is needed, Ukraine’s recent restructuring agreement has been a success. Several factors — in particular, Ukraine’s geopolitical position and the composition of its creditors — facilitated official support for the deal. As these are unlikely to be replicated in future debt crises, the IMF still needs a revamping of its policies and approach in crises requiring debt restructuring. This policy brief examines a number of key challenges in the evolution of a coherent role for the IMF in future crises.
- Topic:
- Debt, Political Economy, International Monetary Fund, Financial Crisis, and Global Markets
- Political Geography:
- Ukraine