Rethinking Bretton Woods | Mon, Jun 20, 2005
Focus Two: Root Causes of Debt
Rethinking Bretton Woods | Fri, Mar 11, 2005
Rethinking Bretton Woods | Thu, Mar 10, 2005
The conference debated proposals which will be presented at the follow-up to the Financing for Development Conference. The Consultation on Sovereign Debt specifically considered issues surrounding the debt of middle-income countries.
Rethinking Bretton Woods | Wed, Mar 9, 2005
Rethinking Bretton Woods | Tue, Feb 22, 2005
Rethinking Bretton Woods | Tue, Feb 1, 2005
Rethinking Bretton Woods | Fri, Oct 1, 2004
A paper by the international alliance of Catholic agencies, CIDSE, and Caritas Internationalis, supports an alternative debt restructuring mechanism that would be a "fair and transparent procedure for fair and equal relationships between debtors and creditors."
Rethinking Bretton Woods | Sat, Apr 19, 2003
"This paper responds to a statement of the managing director of the IMF that "Ethical principles, principles common to all civilisations are important, yes, essential for an international institution such as the IMF'. It explores what light can be shone on a concrete policy proposal such as the Sovereign Debt Restructuring Mechanism [SDRM] by an ethical analysis which derives from the tradition of Christian reflection embodied in Catholic Social Teaching. It outlines four core insights from this tradition: the universal destination of the goods of the earth; the limits of the market to achieve human ends; the responsibility of governments to work for the common good; and the right of people to participate in decisions that effect them. It argues that this framework gives strong support to the case made by many who argue that the international community should take the opportunity provided by the present discussion on debt crisis mechanisms to go beyond the modest reforms of the SDRM to establish a Fair and Transparent Arbitration Procedure [FTAP] to deal with the problem of recurring international debt crises."
Rethinking Bretton Woods | Mon, Jun 24, 2002
In most countries, when a company goes insolvent it can file for bankruptcy before an independent judicial body. Thereby it can compel the collectivity of debtors to restructure its debt and continue to grow. However, there is as yet no independent body where debtor countries that face insolvency could initiate a timely process for an orderly debt restructuring.
Rethinking Bretton Woods | Tue, Jan 22, 2002