Countries in debt crisis will now share more information with all their creditors

Countries struggling with debt will now share more financial details with all their lenders, both public and private. This means everyone involved in a debt restructuring will have the same information from the start.

For years, debt negotiations were slow and often failed because different lenders had different information, or some were left out of early talks. This change aims to make the process faster and fairer by ensuring everyone knows the full picture. It could reduce the time countries spend in limbo, unable to borrow or invest.