COC

debt sustainability

Rethinking Bretton Woods | Thu, Feb 20, 2014

Event: Debt Problems of Small Vulnerable States: A Time to Act (February 2014)

On February 24, 2014, RBW Project Director Aldo Caliari spoke at “The Debt Problem of Small  Vulnerable States: A Time to Act,” a panel discussion organized by the United Nations Financing for Development Office. The event took place in the occasion of the first PrepCom in preparation for the Third International Conference on Small Island Developing States, to be held in Samoa in September 2014.

 

Investment agreements blocking sovereign debt restructuring measures, says study (May 2009)

Rethinking Bretton Woods | Tue, May 19, 2009

Investment agreements blocking sovereign debt restructuring measures, says study (May 2009)

Center of Concern staff Aldo Caliari authors a study recently published by UNCTAD, "Risks Associated with Trends in the Treatment of Sovereign Debt in Bilateral Trade and Investment Treaties." The study, originally submitted at an UNCTAD consultation held in 2005, argues that in its  most recent bilateral Free Trade Agreements,  the US government has insisted on clauses that would restrict the policy autonomy that countries need to implement sovereign debt restructuring measures.

Trade Issues Crucial for Effectively Dealing with the Global Financial Crisis (November 2008)

Rethinking Bretton Woods | Sun, Nov 30, 2008

Trade Issues Crucial for Effectively Dealing with the Global Financial Crisis (November 2008)

Leaders of the G20 countries gathered at an Economic Summit in Washington, over the weekend, decided to launch a process to implement reforms of the international financial system. A similar effort is underway at the UN to convene a summit next year. With so much attention focused on the response to the global financial crisis, it would be easy to assume trade issues will take a backseat to financial ones.

For developing countries, this approach would be a tragedy. As the financial crisis continues to unfold, events are making it painfully clear that trade is the main channel by which the financial crisis will make its impacts felt on them, especially on their real economies.
The 2005 G8 Meeting: Making Poverty History? (2005)

Rethinking Bretton Woods | Tue, Sep 6, 2005

The 2005 G8 Meeting: Making Poverty History? (2005)

The 2005 Summit of the Group of 8 leaders of industrialized countries took place in Gleneagles, Scotland, July 6-8. The Summit stood tall among the frantic series of 2005 high-level meetings, reports and other advocacy moments which held promise because of their focus on development issues and on the problems in Africa. However, clouded by despicable terrorist attacks in London that threatened to derail the agenda of the meetings and at some point the meeting itself the July 2005 Summit failed to meet the expectations of so many faith-based and secular NGOs, groups and movements.
US should stop backing flawed economic model (June 2005)

Rethinking Bretton Woods | Mon, Jun 20, 2005

US should stop backing flawed economic model (June 2005)

Coming up hard on the G-8 Summit in Gleneagles, Scotland over July 7-8, 2005, Aldo Caliari, Director of the Center's Rethinking Bretton Woods Project, writes to The Financial Times, "In trying to assert its leadership on the debt cancellation question the US government has gone to great lengths. One would have hoped the government would have also wanted to be seen as the first, not the last, to withdraw its support for an economic model that has failed to promote growth in the developing world and, crucially, the poorest countries in need for debt relief. "
After trying piecemeal, creditor-led approach let debtors frame comprehensive relief scheme (February 2005)

Rethinking Bretton Woods | Tue, Feb 22, 2005

After trying piecemeal, creditor-led approach let debtors frame comprehensive relief scheme (February 2005)

A letter by Aldo Caliari, Director of the Rethinking Bretton Woods project, regarding the Financial Times editorial "Tackling the Challenge of Poverty", questions the lack of a critical approach to creditors' dominance of the implementation of debt relief in assessing its results.

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