Consolidation

 

How to Negotiate Debt Settlement



IMF-Egyptian Debt Negotiations: Number 3

IMF-Egyptian Debt Negotiations: Number 3
This monograph assesses the modus operandi of debt negotiations between Egypt and the International Monetary Fund (IMF), using the four agreements of 1987, 1991, 1993, and 1996. Political, technocratic, and individual bargaining factors are considered as possible explanations of processes and outcomes of IMF?Egyptian negotiations. Both the 1987 and the 1991 agreements were suspiciously negotiated, with political factors dominating processes and outcomes. Egypt's geopolitical role in international affairs is carefully examined as a possible variable. The final two agreements, signed in 1993 and 1996, were less clouded by political factors, allowing for the greater possibility of IMF due process to work. From the role of the IMF in the American debt forgiveness of Egypt following the Gulf War to the ever-contentious issue of the devaluation of the Egyptian pound, dealing with the IMF has been an important feature of Egypt's politicking.



Debt Games: Strategic Interaction in International Debt Rescheduling by Vinod K. Grrarwal,
Debt Games: Strategic Interaction in International Debt Rescheduling by Vinod K. Grrarwal,
This book explains the significant variation that has emerged over time and across cases in international debt rescheduling during the past one hundred and seventy years. Based on a novel situational theory of bargaining, Professor Aggarwal's study provides a method to deduce actors' payoffs in different bargaining situations to develop "debt games," which are then used to predict negotiating outcomes. This integrated political-economic approach to analyze bargaining episodes goes beyond simple economic models or purely descriptive studies. In doing so, it contributes to international political and economic theory, game theory, and historical research on debt negotiations.



Settlement offer - A settlement offer or offer to settle is a term used in a civil lawsuit to describe a communication from one party to the other suggesting a settlement - an agreement to end the lawsuit before a judgment is rendered. Attorneys typically negotiate terms of a settlement on behalf of their clients, so a settlement offer is usually conveyed by one party's attorney directly to the other party's attorney.

Offer in compromise - The Offer in Compromise (or OIC) program is an Internal Revenue Service program which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed in order to clear the debt.

Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky.

Legal tender - Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law.



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