UNCTAD Webinar Addressing unsustainable debt burdens in developing countries: From emergency responses to systemic reforms
Addressing unsustainable debt burdens in developing countries: From
emergency responses to systemic reforms
19 July 2021, 3:00 – 5:00 pm CEST
The thematic focus of this webinar will be to examine the different policy options to reform the international financial and debt architecture, at both market-based and multilateral levels, to promote comprehensive, effective and equitable sovereign debt restructurings and relief, as well as sound sovereign debt markets that can pro-actively support sustainable and inclusive development.
Guiding questions for panelists:
1.What are the advantages and shortcomings of existing arrangements for debt financing, debt relief and for sovereign debt restructuring?
This would include: a. Contractual market-based improvements (such as enhanced collective action clauses in sovereign bond contracts) b. Existing multilateral solutions, particularly the G20’s Debt Service Suspension Initiative (DSSI) and its Common Framework for Debt Treatments beyond the DSSI.
- Given your professional and/or academic experience, what are your priorities for a reform of the international financial and debt architecture?
- Which are the different ways of mobilizing support for the establishment of a global, consensus-based and inclusive multilateral framework for debt treatment and restructuring?
- How can UNCTAD, international financial institutions and other United Nations system entities promote relevant reform proposals in this regard?
Mr. Martín Guzman, Minister of Economy, Argentine Republic.
Mr. Avinash Persaud, Emeritus Professor of Gresham College and Chair of the CARICOM Commission on the Economy, Barbados.
Ms. Stephany Griffith-Jones, Financial Markets Director at the Initiative for Policy Dialogue, Columbia University and Emeritus Professor at the Insitutes of Development Studies at Sussex University.
Ms. Yuefen Li, Special Advisor on Economics and Development Finance of the South Centre and Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights to the UN Human Rights Council.
Chair: Mr. Richard Kozul-Wright, Director, Division on Globalization and Development Strategies, UNCTAD
PLEASE VISIT THE EVENT PAGE FOR FURTHER DETAILS