5. Capacity to Repay
Debt ÷ GDP 30% to 50%
Debt ÷ Exports 100% to 300%
Debt ÷ Revenues 140% to 260%
Debt Service ÷ Exports 20% to 25%
Debt Service ÷ Revenues 10% to 15%
Short-Term Foreign Debt
÷ Foreign Exchange
Reserves
1:1
7. Refinance
New loan with better terms
Reschedule
Same loan with better terms
Reduction
Write Down,Write Off
Buyback
Payoff at lower balance
Swaps
Trade Debt for Equity