DEBT RESTRUCTURING AND STRENGTHENING INTERNATIONAL COOPERATION: A LITERATURE REVIEW OF GLOBAL ECONOMIC RISK MITIGATION STRATEGIES FOR THE 2025 IMF-WORLD BANK MEETINGS
Keywords:
debt restructuring, international cooperation, global economic risk mitigation, IMF-World Bank 2025, global financial architectureAbstract
The global debt crisis and increasing fragmentation of the international economy are the main challenges facing countries in 2025. This research aims to examine debt restructuring strategies and strengthening international cooperation as an effort to mitigate global economic risks, with a focus on the agenda and relevance in the 2025 IMF-World Bank Meetings. Through a literature review of official documents, policy reports, and scientific literature, this research finds that effective debt restructuring requires transparency, broad creditor participation, and an inclusive and adaptive framework. Meanwhile, international cooperation through multilateral forums such as the IMF, World Bank, and G20 has been proven to accelerate the restructuring process, encourage reform of the global financial architecture, and provide technical and financial support to crisis-affected countries. The results of the study confirm that the success of mitigating global economic risks is highly dependent on political commitment, policy innovation, and synergy between countries. Inclusive debt restructuring and strengthened international cooperation are the key foundations for a fair, sustainable and resilient economic recovery.
Downloads
References
Ahmed, S. (2024). National and international collaboration and its impact on economic development. Interdisciplinary Journal of Research and Development, 11(1). https://doi.org/10.56345/ijrdv11n111
Aprita, D., & Adhitya, R. (2020). Penguatan Kapasitas Negara Berkembang dalam Kerja Sama Internasional. Jurnal Ekonomi Dan Pembangunan Indonesia.
Arif, S. (2001). IMF/Bank Dunia dan Indonesia. Muhammadiyah University Press.
Baumeister, R. F., & Leary, M. R. (2020). Writing narrative literature reviews. Review of General Psychology, 1(3), 311–320. https://doi.org/10.1037/1089-2680.1.3.311
Boorman, J., & Hume, A. R. (2003). Life with The IMF. Journal UII.
Chandra, P. (2023). The Impact of Debt Restructuring on Debt Maturity, Cost of Capital, and Firm Value. Asian Social Science Research Journal, 5(1). https://doi.org/10.14738/assrj.51.15965
Chen, L. (2023). International Economic Cooperation Organization in Globalization and Anti-globalization: Roles and Challenges. Finance and Economics, 2(1), 1895–1908. https://doi.org/10.61173/nynmna91
Eliyah, E., & Aslan, A. (2025). STAKE’S EVALUATION MODEL: METODE PENELITIAN. Prosiding Seminar Nasional Indonesia, 3(2), Article 2.
Gunawan, D. (2024). Financial Risk Management in The Face of Global Economic Uncertainty. Management Journal, 1(2), 176–189. https://doi.org/10.62872/8c26aw59
Hidayat, L. (2021). Restrukturisasi Hutang dan Kinerja Keuangan. Jurnal Bisnis Dan Keuangan, 5(1). https://doi.org/10.31289/jbk.v5i1.100
Ivanova, O. (2023). International Economic Cooperation, International Finance Corporation, Stabilization of Economic Relations. Web of Scientist: International Scientific Research Journal, 3(4), 1159–1166. https://doi.org/10.17605/OSF.IO/7TBWH
Johnson, P. (2020). International economic cooperation. International Affairs, 66(2), 376–377. https://doi.org/10.2307/2620246
Kuncoro, M. (2000). Ekonomi Pembangunan: Teori, Masalah, dan Kebijakan. AMP YKPN.
Kurniawan, R. (2025). Sistem Keuangan Nasional, Resiliensi, Gejolak Ekonomi Global. ASEFBA.
Mankiw, N. G. (2003). Teori Makroekonomi. Erlangga.
Muslimah, S., & Latifah, N. (2022). Peran Institusi dalam Teori Perdagangan Internasional dan Pembangunan Ekonomi. Jurnal Ekonomi Dan Pembangunan Indonesia.
Neysa. (2024). Sinergi Kebijakan Moneter Internasional dalam Mitigasi Krisis Global. NUSANTARA: Jurnal Ilmu Pengetahuan Sosial, 12(6), 2316–2325.
Nugroho, B., & Lestari, M. (2023). The Influence of Debt Restructuring, Previous Year’s Audit Opinion, Leverage, Liquidity, Company Age, And Audit Lag on Going Concern Opinion. Jurnal Penelitian Ekonomi Dan Akuntansi (JPENSI), 8(2). https://doi.org/10.30736/jpensi.v8i2.1659
Prasetyo, A. (2024). Strategi Manajemen Risiko untuk Menghadapi Tantangan Bisnis di Era Globalisasi. Jurnal PSM, 3(1). https://doi.org/10.22202/psm.2024.v3.i1.40705
Pratama, A. (2024). Studi dokumentasi pada kebijakan ekonomi Indonesia dalam menghadapi ketidakpastian global. COSTING: Journal of Economic, Business and Accounting, 7(6). https://doi.org/10.31539/costing.v7i6.13424
Rahman, F. (2025). Financial Risk Management in the Era of Economic Uncertainty: Lessons from Global Crisis. PRODUCTIVITY, 2(1), 1895–1908. https://doi.org/10.62207/15knr669
Ramadhani, S. (2024). Strategi Manajemen Risiko dalam Menghadapi Tantangan Bisnis Global. EBISMEN, 5(2). https://doi.org/10.31258/ebismen.5.2.3576
Sari, D. (2025). Konsep dasar ekonomi internasional dan teori perdagangan internasional. Socius: Jurnal Pendidikan Dan Pembelajaran Ilmu Pengetahuan Sosial, 2(10), 116–122. https://doi.org/10.5281/zenodo.15387779
Smith, J. (2021). The impact of debt restructuring on dynamic investment and financing decisions. Journal of Corporate Finance, 67. https://doi.org/10.1016/j.jcorpfin.2010.06.010
Suharto, D. (2024). Risk Management Strategies in the Face of Global Market Uncertainty. Maneggio, 1(3). https://doi.org/10.62872/8c26aw59
Suryana, D. (2023). Melihat Peluang dan Manfaat Kerjasama Perjanjian Ekonomi Internasional. Transborders: International Relations Journal, 2(1). https://doi.org/10.23969/transborders.v2i1.11590
Toussaint, E. (2019). Bank Dunia & IMF.
Wibowo, R. (2025). Implementasi manajemen risiko dalam menghadapi ketidakpastian ekonomi global. Kohesi: Jurnal Multidisiplin Saintek, 6(6). https://doi.org/10.8734/Kohesi.v1i2.365
Wijaya, S. (2021). Restrukturisasi Utang Terhadap Perusahaan Go Public. Jurnal Magister Hukum, 7(2). https://doi.org/10.14710/mmh.7.2.23147
Yamada, H. (2024). Global Currency Risks and Economic Exposure: A Systematic Review of Hedging Strategies. SSRN. https://doi.org/10.2139/ssrn.4978886
Yuliani, R. (2022). Effect of Debt Restructuring Through Debt To Equity Swap Policy on Financial Performance. Economica: Jurnal Ekonomi Islam, 13(2). https://doi.org/10.22202/economica.2022.v13.i2.3667
