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<a href="http://www.accessmylibrary.com/coms2/summary_0286-26229009_ITM" title="Facts and information about IMF/World Bank: What To Do With Emerging Market Bankrupts - The IMF And The Private Sector Seem Poles Apart On How To Deal With The After-effects Of Emerging Market Crises. Anthony Rowley Reports From Washington DC Ahead Of This Year's IMF Meeting.">IMF/World Bank: What To Do With Emerging Market Bankrupts - The IMF And The Private Sector Seem Poles Apart On How To Deal With The After-effects Of Emerging Market Crises. Anthony Rowley Reports From Washington DC Ahead Of This Year's IMF Meeting.</a>
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IMF/World Bank: What To Do With Emerging Market Bankrupts - The IMF And The Private Sector Seem Poles Apart On How To Deal With The After-effects Of Emerging Market Crises. Anthony Rowley Reports From Washington DC Ahead Of This Year's IMF Meeting.
(From The Banker)
Byline: ANTHONY ROWLEY
The solemn calm of IMF headquarters in Washington DC has been disturbed recently by what, for this most sombre and aloof of institutions, is a lively debate about whether or not the world of global finance is ready to accept the idea of formal international bankruptcy proceedings for sovereign debtors. The controversy has set the institution at odds with private financial institutions, which already felt aggrieved by the IMF's alleged reluctance to take them fully into its confidence over emerging market issues.
An IMF plan for a Sovereign Debt Restructuring Mechanism (SDRM) will be high on the agenda ...
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