All participants in the FfD Review Sessions coming from governments, international institutions, NGOs and the private sector are invited to join the discussion on
Monterrey Consensus Review Sessions: “External Debt”
ON SOVEREIGN DEBT
Date: Monday, March 10, 2008
Time: 1:15 – 2:45 pm Location: New York, UN Headquarters, Conference Room 9
Purpose of Event: The Monterrey Consensus recognized the need for “fair burden sharing” in resolving debt crises and “would welcome consideration by all relevant stakeholders of an international debt workout mechanism to restructure unsustainable debts in a timely and efficient manner” (para 51; 60). But we do not yet have such an orderly and fair debt workout mechanism. This round table discussion seeks insight on what is needed institutionally and in terms of normative standards for debt restructuring, as well as how to bring them about.
Moderator: Bro.Steve O’Neil,SM; NGO Committee on Financing for Development
Vitalis Meja, Afrodad
Ilena Morales or Romulo Torres, Latindadd
Jean Saldanha, CIDSE
Neil Watkins, Jubilee USA
Eva Hanfstaengl, Erlassjahr Germany
Benu Schneider, UN Financing for Development Office
Barry Herman, The New School, a University
PS. See also attached Debt Work Out Mechanism a discussion paper.