COC

debt relief

Center of Concern joins filing in precedent-setting sovereign debt trial (March 2014)

Rethinking Bretton Woods | Fri, Mar 21, 2014

Center of Concern joins filing in precedent-setting sovereign debt trial (March 2014)

 

Center of Concern joins Jubilee USA Network and 75 other religious and development groups in filing an Amicus (friend-of-the-court) brief with the US Supreme Court in the famed case between Argentina and NML Capital. Jubilee decided to join as an amicus in this case because the precedent the case may set will impact poor countries in financial distress and allow a small group of hedge funds to target debt relief assets with consequences on vulnerable populations everywhere in the world.

 

Global Poverty and the Global Common Good in U.S. 2008 Elections (October 2008)

Rethinking Bretton Woods | Thu, Oct 30, 2008

Global Poverty and the Global Common Good in U.S. 2008 Elections (October 2008)

As part of its series Elections 2008: Voting the Common Good, Center of Concern has released a new paper, Global Poverty and the Global Common Good.

In 2000 governments from across the world gathered together to sign the Millennium Declaration that contains a commitment to reduce poverty in the world by half by 2015.

RBW Project speaks in Congressional Hearings on Debt and Responsible Lending (November 2007)

Rethinking Bretton Woods | Thu, Nov 29, 2007

RBW Project speaks in Congressional Hearings on Debt and Responsible Lending (November 2007)

On November 8 2007, RBW staff Aldo Caliari joined other members of Jubilee USA as a witness in hearings of the U.S. House of Representatives Committee on Financial Services, on the Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007.
Debt forgiveness should be part of pro-development trade agenda, US NGOs tell Congress (October 2007)

Rethinking Bretton Woods | Sun, Oct 7, 2007

Debt forgiveness should be part of pro-development trade agenda, US NGOs tell Congress (October 2007)

As part of the efforts surrounding the Cancel Debt Fast, aimed at passing in Congress the Jubilee Act, being promoted by Jubilee USA, more than fifty organizations with diverse trade backgrounds have signed onto a letter addressed to members of Congress that argues debt cancellation needs to be a key component of a pro-development trade agenda.
 
Click here for the letter.

Click here for more information on the Jubilee Act.

 

World Bank to bypass restrictions in lending for infrastructure to Sub-National entities (May 2006)

Rethinking Bretton Woods | Mon, Mar 26, 2007

World Bank to bypass restrictions in lending for infrastructure to Sub-National entities (May 2006)

 World Bank to bypass restrictions in lending for infrastructure to Sub-National entities

 By Aldo Caliari and Paul Martin

A World Bank report titled "Sub-National Development Program. A proposed World Bank Group initiative to scale up and mainstream technical assistance and financial support to sub-national entities" raises concerns about its potential to encourage further privatization and high levels of indebtedness by sub-national entities.

The New World Bank/IMFDebt Sustainability Framework: A Human Development Assessment (April 2006)

Rethinking Bretton Woods | Wed, May 3, 2006

The New World Bank/IMFDebt Sustainability Framework: A Human Development Assessment (April 2006)

In this paper for CIDSE ( International Cooperation for Development and Solidarity), Rethinking Bretton Woods project Director Aldo Caliari looks at the debt sustainability framework of the World Bank and International Monetary Fund (IMF) based on an approach that holds that human development imperatives should take precedence over debt payments, a principle that has been partially endorsed by the International Conference on Financing for Development and other international instruments. 
A Human Development Approach to Debt Sustainability (April 2006)

Rethinking Bretton Woods | Sat, Apr 29, 2006

A Human Development Approach to Debt Sustainability (April 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?