World Bank (bankruptcy guidelines)

The World Bank's "bankruptcy guidelines" provide a framework for countries facing severe financial crises to manage their debt and economic challenges responsibly. These guidelines encourage transparent negotiations, fair treatment of creditors, and restructuring of debts to restore stability. They aim to promote sustainable economic recovery while minimizing social and economic disruption. Essentially, the guidelines serve as a set of best practices for countries needing help to reorganize their finances, ensuring that solutions are fair, orderly, and supportive of long-term growth.