Countries with euro bond market debt may need to extend the horizon for repayment under collective action clauses in contracts, and official debts may require mechanisms ensuring developing countries receive more fresh finance than they repay on old debts.
normativepending
Speaker
Jeffrey SachsEvidence Quote
“it may be that they have to say to the creditors well we need to extend the horizon for repayment under certain kinds of contracts where there are collective action clauses... the developing countries are getting more finance in fresh form than they are repaying in on old debts”
Source
Jeffrey Sachs: "We're in a crisis and it will get worse in the coming months."— Prague Finance InstituteCreated: 8/10/2026, 9:58:27 PM
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