Displaying results 1 - 10 of 20
COVID-19 is a matter of life and debt, global deal needed
23 Apr 2020
The coronavirus pandemic hits developing countries at a time when they have already been struggling with unsustainable debt burdens for many years, as well as with rising health needs. UNCTAD calls for $1 trillion in debt relief.
United Nations lays down clear principles in tackling sovereign debt
29 Jul 2015
United Nations responds to sovereign debt crises by adopting principles, with UNCTAD support, that could underlie a new legal framework and regulatory mechanisms.
UNCTAD supports the internationalisation of national laws to fight against uncooperative creditors
15 Jul 2015
On the occasion of the Conference on Financing for Development (FFD) UNCTAD held a high-level side event on 14 July 2015 entitled “Dealing with Uncooperative Creditors”.
European Parliament adopts Resolution on Financing for Development supporting UNCTAD's work in the field of Sovereign Debt
19 May 2015
On 19 May 2015, the European Parliament in Strasbourg voted a Resolution on Financing for Development A-143/2015 calling for EU participation in the UN General Assembly process. The text was adopted with a majority of 19 votes in favour, 1 against, and 3 abstentions.
EU Parliamentarians support UN initiative on Sovereign Debt Restructuring Processes
19 May 2015
UNCTAD and EURODAD jointly organised a meeting at the European Parliament in Brussels on 12 May about the work of the UN General Assembly regarding a legal framework for sovereign debt restructuring processes.
Debt and Development: The Next 15 years
15 May 2015
At a Short Courses on Key Issues on the International Economic Agenda for Geneva-based Diplomats, held on 15 May 2015, Mr. Dusan ZIVKOVIC made a presentation on Debt and Development: The Next 15 years.
Sovereign Debt Workouts - Roadmap and Guide published by UNCTAD
28 Apr 2015
In an effort to help to resolve future sovereign debt crises of the sort that have tested governments from Iceland to Argentina to Greece since the global financial meltdown of 2008, UNCTAD has published a "roadmap" of steps that countries can take before and during debt restructuring.
Nobel economist Joseph Stiglitz backs UNCTAD's work on debt workouts
10 Apr 2015
A workshop on a multilateral legal framework for debt restructuring processes took place on March 31st 2015, at Columbia University in New York City.
Legal framework for sovereign debt restructuring processes: a first step
25 Feb 2015
Member States, international organizations and financial institutions recently took part in the first working session of the United Nations Ad Hoc Committee on sovereign debt restructuring processes, organized by UNCTAD in New York.
Legitimacy and Impartiality in a Sovereign Debt Workout Mechanism
7 Jul 2014
The fourth session of the UNCTAD Working Group on a Debt Workout Mechanism was held in New York 07 July 2014. The discussions focused on identifying the best ways of making the Debt Workout Mechanism legitimate and impartial.