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depth restructuring what at all is it and how does it impact a countrys economy [Music] hello guys welcome to Gabby IUs Channel today we will be discussing the topic of depth restructuring in a country depth restructure is the process of renegotiating the terms of a countrys debt in order to make it more manageable and sustainable this can include extending the maturity of the debts reducing the interest rates or even writing off a portion of the date according to the international monetary fund IMF the global debt has docHubed an all-time high of 257 trillion dollars in 2020 with developing countries holding a docHub portion of this debt there are a number of reasons why a country may need to restructure its debt one common reason is a docHub economic downturn which can make it difficult for a country to meet its depth of vacations other reasons include a change in the government policies or a natural disaster for example in the year 2010 Greece was facing a severe debt c