On the latest episode of the Debtwired! podcast, Lazard Managing Director Pierre Cailleteau joins Debtwire CEEMEA’s Laura Gardner to discuss domestic debt restructuring in the context of sovereign debt negotiations.
Pierre explains the difficulties a government is presented with when it chooses to restructure its domestic debt, the risks it can bring to its economy and why these exercises must be carefully calibrated.
He also goes through three case studies where governments have chosen different paths - Ghana, Sri Lanka and Zambia - and explains their decision-making process with regards to domestic debt restructuring.
CLICK HERE to listen to the episode