October 11, 2023 | 8:30 - 10:00 am ET (1:30 - 3:00 pm Marrakesh time)
Defusing the Debt Time Bomb: The Role of an Effective Crisis Prevention and Resolution Architecture
More than 60 countries struggle with high debt burdens and payments, but too few of them make use of the debt restructuring mechanisms available, whether through or outside the G20's Common Framework. Continued debt payments come at the expense of health, social, climate and other priorities - even cutting or delaying pensions and public sector wages. Unfortunately, eventual restructurings are inevitable and are more costly for a countries people, their creditors and our planet.
What needs to change in the debt architecture to encourage and deliver early, prompt and sufficient debt reductions?
Jubilee USA Network's Executive Director, Eric LeCompte, moderates a panel with Matthew Martin, Director, Development Finance International; Lidy Nacpil, Coordinator, Asian Peoples' Movement on Debt and Development; Guillaume Chabert, Deputy Director, Strategy, Policy and Review Department, International Monetary Fund (IMF); Yuefen Li, Co-Chair, Debt Relief for a Green and Inclusive Recovery; Bodo Ellmers, Director of Financing for Sustainable Development Program, Global Policy Forum; Salwa Trabelsi, Professor, ESSECT, University of Tunis.
Sponsors: African Forum and Network on Debt and Development – AFRODAD, Arab NGO Network for Development, Arab Watch Regional Coalition, Asian Peoples’ Movement on Debt and Development, Caritas Africa, Debt Justice Norway, Debt Relief for a Green Recovery, Erlassjahr, European Network on Debt and Development – Eurodad, Friedrich Ebert Stiftung-NY, Global Policy Forum, Jesuit Justice and Ecology Network Africa – JENA, Jubilee USA Network
Location: Room SCO3
Previous registration to the World Bank/IMF Annual Meetings will be required to access the premises. To attend virtually, register to get the access link at: https://forms.gle/UXS4ukwht3qaYRGs7