RBW Attends Meetings on Sovereign Debt

Rethinking Bretton Woods | Sun, Jul 6, 2014

On July 8, 2014, at New York University, New York, Aldo Caliari, the director of Rethinking Bretton Woods Project, participates in a meeting to contribute to conceptualizing a capacity-building program to help countries implement the "Principles on Responsible Lending and Borrowing," produced in a process convened by United Nations Conference on Trade and Development (UNCTAD). On July 7, 2014, Caliari took part in a meeting of UNCTAD's Working Group on a Debt Workout Mechanism, also held at New York University, New York. This meeting of the expert group comes at a critical juncture as a recent ruling by US Courts, by removing financial incentives for creditors to participate in orderly debt workouts, will make future debt restructuring even more difficult.