Rethinking Bretton Woods | Thu, Jan 22, 2009
Focus Two: Root Causes of Debt
Rethinking Bretton Woods | Tue, Nov 11, 2008
Rethinking Bretton Woods | Fri, May 30, 2008
At a conference on debt relief held in Birmingham, a paper by Aldo Caliari, "The Debt Sustainability Framework: How the Bretton Woods Institutions managed to Subvert the Human Development Grounds for Debt Relief" , was presented.
Rethinking Bretton Woods | Thu, Nov 29, 2007
Rethinking Bretton Woods | Sun, Oct 7, 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.
Rethinking Bretton Woods | Sat, Jun 30, 2007
The G8 and the international financial institutions (IFIs) have recently emphasized their concerns about what they call “free-riding”, i.e. the situation in which “non-concessional lenders indirectly obtain financial gain from IDA’s debt forgiveness, grants and concessional financing activities without paying for it.
In this paper, written by Aldo Caliari from Center of Concern and Jean Merckaert from CCFD on behalf of the CIDSE/Caritas Internationalis Working Group on Resources for Development, the functioning of the existing mechanisms for ensuring debt sustainability in the long run, including mechanisms to address debt reaccumulation, are analyzed from a human development perspective.
Rethinking Bretton Woods | Mon, Mar 12, 2007
Rethinking Bretton Woods | Wed, May 3, 2006
Rethinking Bretton Woods | Sat, Apr 29, 2006
Rethinking Bretton Woods | Tue, Nov 22, 2005
In these papers commissioned by UNCTAD for its Expert Meeting on Debt Sustainability and Development Strategies, Aldo Caliari analyses the debt –trade connection.
The first paper focuses on debt management initiatives and the need for a change in paradigm. Debt and trade policies are perceived to be a crucial part of this complex of policies. However, the close interdependence that exists between the asymmetries in the trade system and the chronic nature of the overindebtedness problem faced by developing countries oftentimes goes missing in policy initiatives, the author argues.
The second paper focuses on the threats to debt prevention and resolution stemming from bilateral investment treaties (BITs) provisions on sovereign debt restructuring.