Separately, Chevron last month signed an asset exchange agreement with PDVSA, expanding its footprint in Venezuela's heavy ...

Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.” ...

Other reactive measures have aimed to improve the restructuring process. Following the Mexican crisis of 1994, the OECD’s G10 proposed introducing collective action clauses (CACs) in bond contracts, ...

Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting ​bond prices, ...

In October 2025 the IMF released the 2025 Debt Stocktaking Policy Paper. This represents the first comprehensive review of documentation relating to international sovereign restructurings since 2020.

Venezuela has retained Hogan Lovells US LLP as legal counsel for what is expected to be one of the largest sovereign debt ...

A recent development in the credit rating space could signal important progress in one of the more intractable challenges in global development finance. The challenge is how countries can manage ...

Just four years after plunging into one of Africa’s most closely watched debt crises, Ghana is setting an ambitious new goal: ...

At their November summit, G20 leaders adopted a new common framework for restructuring sovereign debt on a case-by-case basis. Could this be the first step toward a comprehensive global resolution ...

Argentina is on the verge of completing one of the largest sovereign debt restructurings in history. Argentina is seeking to restructure about $82 billion in bonds, plus $21 billion or so in past due ...

Ukraine launched a new effort to restructure certain sovereign debt obligations as the nation vies to improve its financial health and defend itself against Russia. The finance ministry on Monday ...