State-Contingent Debt Instruments: Prospects for Enhancing Growth

Cleary Gottlieb partner Richard Cooper and associates Ignacio Lagos and Martin Sasson co-authored the article, “State-Contingent Debt Instruments: Prospects for Enhancing Growth,” the fourth report of the Bretton Woods Committee’s Sovereign Debt Working Group.

The publication examines state-contingent debt instruments (SCDIs) in sovereign debt restructurings, with a particular focus on value recovery instruments (VRIs).

Read the full article here.

Read the previous reports of the Bretton Woods Committee here.