💨 Abstract

A British lawmaker has introduced a bill to speed up debt restructuring negotiations for poor countries struggling with unsustainable debt, under English law. The bill aims to compel private creditors to negotiate in good faith and quickly, allow debt payment freezes, and cap claims via lawsuits. Support for the bill has grown since aid spending cuts in the UK and US.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖