LONDON, Sept 8 - Global creditors will discuss the inclusion of domestic debt in restructuring plans for countries in default next week, two sources with direct knowledge of the matter told Reuters, a sign progress after months of delays.
They are expected to prepare the ground for a more high level reunion during the October IMF-World Bank meetings in Morocco on Oct. 9-15. Overseas private creditors often push for burden sharing with domestic creditors during such debt restructurings. Governments tend to be reluctant over concerns that such a move could lead to instability in their financial sector, as domestic banks and pension funds are usually the biggest holders of these bonds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: