Restructuring
in sentence
849 examples of Restructuring in a sentence
As a result,
restructuring
efforts have often been piecemeal.
For example, between the early 1980s and 1994, Brazil had six different external debt
restructuring
deals, and Poland had eight, before the decisive
restructuring
under the more encompassing Brady Plan restored medium-term debt sustainability.
Venezuela’s previous debt restructuring, during the emerging-market crisis of the 1980s, was almost 40%.
Research by Juan Cruces and Trebesch, who provide estimates for the size of debt write-offs, shows that in almost half of the 64
restructuring
episodes from 1980 to 2011, the cumulative haircut ended up amounting to more than 50%.
Ambitious recent proposals to provide comprehensive assistance to battered Puerto Rico could, in principle, facilitate debt restructuring, though it is too early to say.
While creditors should revise their expectations downward, the real tragedy is for ordinary citizens, for whom the
restructuring
process implies a protracted period of worsening impoverishment.
Similarly, while the world today searches for ways to confront dependence on fossil fuels and seeks other, cleaner energy sources, Russia continues to live off its oil and gas, which only encourages it to delay the economic and political
restructuring
that it will need to succeed in the long term.
The same logic applies here: A judge can remove any doubt that actual insolvency exists, while also ensuring that credit remains available during a
restructuring.
No one, including Republican Senator Chuck Grassley, Chair of the powerful Senate Judiciary Committee, believes that debt
restructuring
by itself will bring back growth; but extending Chapter 9 of the bankruptcy code to Puerto Rico would help.
The superficial explanation of the discrepancy between GDP growth and job gains attributes the gap to the
restructuring
of inefficient state-owned enterprises (SOEs), which caused public-sector employment to plummet, from 112.6 million to 67 million, from 1995 to 2004.
Instead of
restructuring
the manifestly unsustainable debt burdens of Portugal, Ireland, and Greece (the PIGs), politicians and policymakers are pushing for ever-larger bailout packages with ever-less realistic austerity conditions.
The last thing they need is for people to be led to believe that an implicit transfer union is already in place, and that reform and economic
restructuring
can wait.
It is certainly the case that contagion will rage after any Greek
restructuring.
Today’s strategy, however, is far more likely to lead to blowup and disorderly
restructuring.
Insolvent states need help with restructuring, both in the financial sector and well beyond it, so that they can work their way out of crisis.
The only question is whether the country’s debt
restructuring
will be orderly and controlled or chaotic and contagious.
Restructuring
the microeconomics syllabus would send a far more inspiring – and accurate – message: even complex ideas developed by experts can be understood and applied by educated laypeople.
Restructuring
Debt in the DarkCAMBRIDGE – As the Annual Meetings of the International Monetary Fund and the World Bank begin in Washington, DC, one member country is conspicuously absent: Venezuela.
A
restructuring
is ultimately in everybody’s interest; starving the economy of imports merely weakens Venezuela’s capacity to produce and repay.
A critical component of successful debt
restructuring
is to ensure that similarly situated creditors receive comparable treatment.
Restructuring
in the post-Argentina world is made more challenging because the holdouts’ success in that case means that bondholders inclined to negotiate a solution will have to explain to their own investors why they are not pursuing the potentially more lucrative holdout strategy.
In this event, PDVSA could obtain a court-mandated standstill order with respect to legal action against it until a
restructuring
agreement is reached, thereby avoiding a disorderly seizure of assets.
When a significant number of holdouts insist on being paid in full, it becomes impossible to design an effective restructuring, unless other creditors reduce or defer their claims.
No strategy to undermine holdouts can also mean no
restructuring
at all, which could mean chaos or even a failed state.
No
restructuring
appears to have occurred until 1995, and many enterprises have become terribly run down.
Ukraine’s budget and external deficits had already become unsustainable and needed radical restructuring, so Russian aggression was enough to push the economy over the edge.
Within each industry, the best enterprises dash ahead, as should be the case when real
restructuring
is taking place.
So, whenever it came to
restructuring
the EU, they always accepted a level of influence that was small relative to their country’s size.
By weakening the alliances between local governments and SOEs, Zhu’s tax-sharing system facilitated the strategic
restructuring
of the state-owned economy.
In addition to
restructuring
the financial sector, recovery programs in the US, the United Kingdom, and other industrial countries hardest hit by the financial crisis must include relief for home and business owners, and job creation through infrastructure projects, clean-energy technologies, and improvements in healthcare and education.
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