Time for more transparency on sovereign debt
Lagos in Nigeria, one of the countries facing multibillion-dollar arbitration liabilities (Credit: Shutterstock)
In recent years, several countries have been on the receiving end of multibillion-dollar arbitration awards, without formally acknowledging these debts as part of their overall sovereign indebtedness. Starla Griffin of Slaney Advisors, which advises on the sale of investor-state arbitration claims and awards, argues it is time for this practice to stop.
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