Sovereign debt restructurings that make use of the common framework introduced earlier this year by the group of 20 leading economies, could produce widely different outcomes, according to a Paris Club official. "The common framework is not just for countries with unsustainable debts but also those with liquidity problems," said William Roos, assistant secretary at the French Treasury and co-chair of the Paris Club, speaking at a virtual conference organised by the Institute of International Finance.
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