Commercial banks are rebelling vehemently against proposals by the major industrialized nations that would force banks and bondholders to participate with governments in restructuring emerging market debt.

Under the proposals, private lenders would be obliged to ease the terms of their loans to countries whose debt is being restructured by multilateral lending agencies, such as the International Monetary Fund.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.