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Thanks to French and German influence, the IMF program imposed strict austerity on Greece but didn't restructure debt.
The fund, which knows how to restructure debt, must ensure the process is run in a competent manner.
The announcement, coming after the hiring of investment banks to restructure debt and find potential buyers, has stymied investors.
AES, a tarnished American giant which owns the biggest distributor, has defaulted on loans from a Brazilian bank; other distributors are trying to restructure debt.
The venture struggled to restructure debt and the courts blocked increases to the regulated rents.Britain's economy started growing again in the fourth quarter of 2009.
In downgrading Greece's debt, Moody's warned that Athens would have difficulty fulfilling its promises to overhaul its finances and might have to restructure debt.
Similar(27)
To fix its finances, Stockton is asking the bankruptcy court to restructure debts totaling about $250 million.
The agency originally planned to restructure debts before selling them in bundles.
So lenders have no choice but to restructure debts, work with the tribe and hope that the economy picks up.
Heterodox polices include restructuring debt contracts, generating unexpected inflation, taxing wealth, and repressing private finance.
That may be restructuring debt, extending terms, converting debt to equity, or creating a joint venture with lender and borrower.
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