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One of the demands made by people all over the world is that an independent arbitrator should carry out debt evaluations. In every other instance of unpayable debt whether it be an individual or a company, there is a mechanism for bankruptcy and a restructuring of debts. Debtors and creditors are also mediated by an independent third party. But in the case of heavily indebted countries, a country’s debt is evaluated by the creditors; the World Bank and IMF, creating a lack of fairness over any debt relief deal. The solution offered by eminent economists and campaigners alike is the principle of a Fair and Transparent Arbitration Process on debt. This would involve an independent panel of judges to determine whether a country deserves debt relief and how much they would receive. For a couple of years the IMF toyed with the idea of a mechanism to restructure a nations debt, but it failed to garner enough support among creditors.