1. World problems
  2. Unbankruptability of sovereign states

Unbankruptability of sovereign states

Nature

The international community lacks a legal framework to deal with countries which are unable to continue to service their debts. The loaning institutions are in danger of going bankrupt because of the tendency to continue making loans increasing the level of bad debts. Money and stock markets become more volatile increasing risk. Because their is no way for sovereign borrowers to negotiate a rewriting of contracts, the restructuring of debts is disorderly and unpredictable.

Broader

Aggravated by

SDG

Sustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
Content quality
Yet to rate
 Yet to rate
Language
English
Last update
Dec 3, 2024