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09:27 Nov 13, 2007
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English to Italian translations [PRO] Bus/Financial - Economics
English term or phrase:sovereigns aggressively retired debt
External debt issuance by middle-income countries declined as improved fundamentals and increased reliance on domestic funding reduced external financing requirements and sovereigns aggressively retired debt. Despite this, the increase of concessional and non-concessional lending, including by emerging creditors, would point to the need for work on an internationally accepted debt-workout mechanism which involves all creditors. Countries thus need to agree on a set of principles for resolving potential debt crises that provide for fair burden-sharing between public and private sectors, and among debtors, creditors and investors .