WASHINGTON, Oct 23 (Reuters) – A senior U.S. Treasury official on Monday said there were signs of “potential improvement” in sovereign debt restructuring cases and more vulnerable countries were expected to seek help, but further work was needed to accelerate the process.
Treasury Assistant Secretary for International Finance Brent Neiman noted advances in the cases of Zambia, Ghana and Sri Lanka over the past year, along with development of new technical approaches, adding his hope that Ghana would reach agreement on its external restructuring in the coming weeks.
“We clearly havent gone far enough or fast enough and much more work remains,” Neiman said in a speech at the Johns Hopkins School for Advanced International Studies.
“The critic…
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