See Public Information Notice: IMF Executive Board Discusses Sovereign Debt Restructuring, Recent Developments and Implications for the Fund’s Legal and Policy Framework; Press Release: IMF Executive Board Discusses Strengthening the Contractual Framework in Sovereign Debt Restructuring; Press Release: IMF Executive Board Approves Exceptional Access Lending Framework Reforms; Press Release: IMF Executive Board Discusses Reforming the Fund's Policy on Non-Toleration of Arrears to Official Creditors.
See Fund Policy on Lending into Arrears to Private Creditors–Further Consideration of the Good Faith Criterion.
At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country's authorities. An explanation of any qualifiers used in summings up can be found here: http://0-www-imf-org.library.svsu.edu/external/np/sec/misc/qualifiers.htm.
The team would like to acknowledge contributions from Ali Abbas, Charlotte Lundgren, Sanaa Nadeem, Alex Pienkowski, Bahrom Shukurov and Hajime Takizawa (all formerly SPR) to previous work on the LIA review.