01787cas a2200265 a 4500 AALejournalIMF016236 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513529967 1018-5941 BD-DhAAL BD-DhAAL Anthony, Myrvin. Barbados' 2018-19 Sovereign Debt Restructuring-A Sea Change? / Myrvin Anthony, Gregorio Impavido, Bert van Selm. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the causes, processes, and outcomes of Barbados' 2018-19 sovereign debt restructuring-its first ever. The restructuring was comprehensive, featuring several rarely used approaches, including the restructuring of treasury bills, and the use of a retrofitted collective action mechanism. The debt restructuring has helped to set Barbados' public debt on a clear downward trajectory. A sustained reform effort, maintaining high primary surpluses and ambitious structural reforms, will be needed to gradually reduce public debt from about 160 percent of GDP before the restructuring to the country's 60 percent debt-to-GDP target. Mode of access: Internet Impavido, Gregorio. van Selm, Bert. IMF Working Papers; Working Paper ; No. 2020/034 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/034/001.2020.issue-034-en.xml IMF e-Library