Sovereign Debt Sustainability: Multilateral Debt Treatment and the Credit Rating Impasse

A book that focuses on the structural underpinnings of the failures of the DSSI and Common Framework G20 solutions for debt-distress in the developing world. With a particular focus on Africa, the book takes a step back and examines the long (modern) history between Africa and ‘the West’ and positions the rise of the private creditor within that charged paradigm. It puts a spotlight on the role of the credit rating agencies within the larger financial architecture and finally offers a novel mechanism that could break the ‘impasse’ the book reveals