4 Chi J Intl L 245
Celeste Boeri

This Development discusses the International Monetary Fund’s proposed sovereign debt restructuring program, as it relates to Argentina. The Development contrasts two potential IMF solutions to sovereign debt restructuring: a “contractual approach,” which utilizes collective action clauses in sovereign bond contracts, and a “statutory approach,” which utilizes an IMF bankruptcy court. The Development concludes by arguing that the IMF’s plans are not viable solutions for Argentina that that there are other means for restructuring debt that would have less of a negative impact on the value of Argentine bonds.