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Emerging debt crises pose a threat to the new global development agenda, follow-up to UN resolution needed
5 Oct 2015
A round table discussion warns of new debt crises and the challenges these will pose to the Sustainable Development Goals if the world does not agree on a new, more effective legal mechanism to restructure sovereign debt. Civil society urges UNCTAD to continue its work on the issue.
Debt sustainability takes centre stage at Trade and Development Board
25 Sep 2015
Representatives of member States contributing to discussions at the sixty-second session of the Trade and Development Board praised UNCTAD's work on sovereign debt crises and the search for a new mechanism to deal with them.
United Nations General Assembly adopts basic principles on sovereign debt restructuring
11 Sep 2015
A draft resolution on "Basic Principles on Sovereign Debt Restructuring Processes" (A/69/L.84) was adopted by the General Assembly of the United Nations in New York at its Sixty-Ninth Session on 10 September 2015, with 136 member States voting for, six against and 41 abstentions. UNCTAD, with over 40 years of experience on debt management and restructuring issues, served as secretariat for the negotiations among Members on the resolution.
United Nations General Assembly to vote on debt restructuring principles
9 Sep 2015
In response to Argentina's "vulture funds" crisis and growing concerns about sovereign debt problems elswhere, the United Nations General Assembly tasked UNCTAD with ways to improve sovereign debt restructuring processes.