Pursuant to General Assembly resolution 67/198, the Economic and Social Council will hold a one-day meeting on “External debt sustainability and development: Lessons learned from debt crises and ongoing work on sovereign debt restructuring and debt resolution mechanisms”.
Following a short opening plenary featuring remarks by the President of ECOSOC, the Secretary-General of UNCTAD and the Assistant Secretary-General for Economic Development of DESA, senior officials of the World Bank and IMF will discuss lessons learned from the history of debt crises. Subsequently, Ms. Yuefen Li (UNCTAD) and Ms. Benu Schneider (UN-DESA) will provide briefings on the ongoing work on sovereign debt restructuring and debt resolution mechanisms, followed by an interactive discussion.
The afternoon session will feature a keynote address by Prof. Joseph Stiglitz, entitled “Gaps in legal and institutional structures for debt restructuring”. It will be followed by a panel discussion on the “Architecture for debt restructuring” and an interactive discussion.
At the closing of the meeting, the President of ECOSOC will make concluding remarks highlighting key points and common messages. The full summary by the President of the Council will be issued as an official document at a later date.