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In August, the IMF published data on sovereign debt restructuring cases between 1950 and 2010, detailing pitfalls in the process including creditor holdouts and litigation, communication amongst stakeholders and the scope of debt relief in past restructurings. An August report by Canadian think tank The Centre for International Governance Innovation (CIGI) highlights "pressing questions" in the way that international global institutions limit debt costs. The report, Sovereign Debtors in Distress: Are Our Institutions up to the Challenge?, finds that debt restructuring negotiations were not an "unmitigated success." It recommends developing a legal framework for restructuring, examination of the template for...

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