01677cas a2200241 a 4500 AALejournalIMF021669 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513574110 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Legal Dept. Fund Support for Debt- and Debt-Service-Reduction Operations. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (41 pages) Policy 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 The note concludes that the Fund could support a member's use of buybacks, cash sweeteners, or collateral in the context of a Fund-supported program, provided that (i) debt restructurings using buybacks, cash sweeteners or collateral offer significant efficiency gains relative to debt restructurings that do not rely on such instruments, but are underpinned by a regular Fund-supported program; and (ii) an adequate cushion of non-multilateral debt remains after the operation. The conditions under which buybacks, cash sweeteners or collateral can be expected to deliver significant efficiency gains are narrow and specified in some detail. Mode of access: Internet Policy Papers; Policy Paper ; No. 2021/018 Full text available on IMF http://elibrary.imf.org/view/journals/007/2021/018/007.2021.issue-018-en.xml IMF e-Library