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Zambia , Thursday 16 April 2026

A New York state bill has ambitions to help solve the global debt crisis

Published on: Sunday 11 June 2023

A New York state bill has ambitions to help solve the global debt crisis A bill quietly making its way through the New York state legislature could upend the world of sovereign debt investing. Why it matters: There’s a debt crisis brewing among lower-income nations, and creditor gridlock is prolonging the pain for countries like Zambia and Sri Lanka that need to restructure their unsustainable debt loads. Enter New York: About half of sovereign bonds are governed by New York law — so Albany (the capital of New York...


News source: https://www.msn.com/en-us/money/markets/a-new-york-state-bill-has-ambitions-to-help-solve-the-global-debt-crisis/ar-AA1crdqT

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