COC

A Human Development Approach to Debt Sustainability (April 2006)

Rethinking Bretton Woods | Sat, Apr 29, 2006

This panel discussion at the World Bank's spring 2006 meetings brought together civil society representatives, staff and Board members of the Bretton Woods Institutions to examine the following questions:  Has the Debt Sustainability Framework been up to the task? Does it address the flaws of the HIPC Initiative? Does it incorporate the call by civil society organizations to cancel the debt as an instrument to free resources to fulfill human development priorities?

An Assessment of the New Debt Sustainability Framework from the Perspective of Human Development

April 21, 2006
10:45 - 12:45 PM
World Bank Main Complex, MC C1-100
1818 H Street, NW

Panel 1 : Civil Society Perspectives
Mr. Vitalis Meja, AFRODAD
Mr. Peter Lanzet, EED
Mr. Aldo Caliari, CIDSE/Center of Concern

Panel 2 : Official Perspectives
Mr. Vikram Nehru, World Bank
Mr. Damien Ondo Mane, African Countries ED, IMF European ED
European ED (To be confirmed)

Moderator: Gail Hurley, Eurodad

The Debt Sustainability Framework adopted last year by the Bretton Woods Institutions represented the culmination of a process to replace the debt relief and debt management criteria established under the HIPC Initiative. A review of the first year of implementation is scheduled for this Spring

The Framework and its review come in the context of the Bretton Woods Institutions endorsement of the MDGs, as well as the Monterrey Consensus commitment that debt sustainability assessments should take into account financing requirements to fulfill the MDGs.
 
This panel discussion brought together civil society representatives, staff and Board members of the Bretton Woods Institutions to examine the following questions:  Has the Debt Sustainability Framework been up to the task? Does it address the flaws of the HIPC Initiative? Does it incorporate the call by civil society organizations to cancel the debt as an instrument to free resources to fulfill human development priorities?

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