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DTSTART;TZID=America/New_York:20211028T090000
DTEND;TZID=America/New_York:20211028T103000
DTSTAMP:20260708T130157
CREATED:20211018T194644Z
LAST-MODIFIED:20211018T194644Z
UID:10001523-1635411600-1635417000@ngocongo.org
SUMMARY:The global debt crisis and the role of private creditors
DESCRIPTION:Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors \nThe results of the G20 initiatives to relieve the debt of the Global South\, which has been hard hit economically by the pandemic\, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors\, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments\, it has so far not found the political will to make such participation mandatory. However\, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief. \nIn the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia\, government\, and financial institutions to discuss the following questions among others: \n\nIs there empirical evidence that debt relief excludes countries from much-needed development finance?\nOn what grounds could the participation from the private sector in official debt relief initiatives\, comparable to other creditors\, be expected?\nIn what ways can the G20 compel private sector participation and equal burden-sharing?\n\nFurther event details will be forthcoming\, but please stay apprised of updates here: https://ny.fes.de/ \n____________________________________________________________________________________________ \nCoNGO Notes: For more information on the NGO Committee on Financing for Development\, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna\, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York\, please visit ngocsd-ny.org.
URL:https://ngocongo.org/event/the-global-debt-crisis-and-the-role-of-private-creditors/
LOCATION:worldwide/virtual
CATEGORIES:CoNGO Member Events,CSO event
ATTACH;FMTTYPE=image/png:https://ngocongo.org/wp-content/uploads/2021/10/newsletter-10-28-event.png
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20211028T090000
DTEND;TZID=America/New_York:20211028T103000
DTSTAMP:20260708T130157
CREATED:20211018T194644Z
LAST-MODIFIED:20211018T194644Z
UID:10002162-1635411600-1635417000@ngocongo.org
SUMMARY:The global debt crisis and the role of private creditors
DESCRIPTION:Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors \nThe results of the G20 initiatives to relieve the debt of the Global South\, which has been hard hit economically by the pandemic\, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors\, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments\, it has so far not found the political will to make such participation mandatory. However\, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief. \nIn the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia\, government\, and financial institutions to discuss the following questions among others: \n\nIs there empirical evidence that debt relief excludes countries from much-needed development finance?\nOn what grounds could the participation from the private sector in official debt relief initiatives\, comparable to other creditors\, be expected?\nIn what ways can the G20 compel private sector participation and equal burden-sharing?\n\nFurther event details will be forthcoming\, but please stay apprised of updates here: https://ny.fes.de/ \n____________________________________________________________________________________________ \nCoNGO Notes: For more information on the NGO Committee on Financing for Development\, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna\, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York\, please visit ngocsd-ny.org.
URL:https://ngocongo.org/event/the-global-debt-crisis-and-the-role-of-private-creditors-2/
LOCATION:worldwide/virtual
CATEGORIES:CoNGO Member Events,CSO event
ATTACH;FMTTYPE=image/png:https://ngocongo.org/wp-content/uploads/2021/10/newsletter-10-28-event.png
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