financial crime

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The 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.

In 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:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

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CoNGO 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.

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The 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.

In 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:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

____________________________________________________________________________________________

CoNGO 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.

Combating Corruption: The Relevance & Capacities of Faith-Based Organizations

Special Session of the United Nations General Assembly Against Corruption (UNGASS)

Side meeting: “Combating Corruption: The Relevance and Capacities of Faith-Based Organizations”

Representatives from diverse faith traditions, along with UN officials with direct experience in combating and proposing solutions to corruption—trafficking, public corruption, organized crime—will discuss the role of FBOs in corruption prevention and intervention efforts to improve ethics, justice, rule of law, good governance, and sustainable development.

Moderator: Dr. Thomas G. Walsh, Chairman, Universal Peace Federation; Co-Chair, Coalition of Faith-Based Organizations, USA

Panelists:

  • Amb. Thomas Stelzer, Dean, International Anti-Corruption Center, Vienna
  • Mrs. Livia Krings, Crime Prevention and Criminal Justice Officer in the Corruption and Economic Crime Branch of the UN Office on Drugs and Crime (UNODC), Austria
  • Dr. Liberato “Levi” Bautista, President of The Conference of Non-Governmental Organizations (CoNGO) in Consultative Relationship with the United Nations and Main Representative to the UN for the United Methodist Church-General Board of Church and Society
  • Imam Sheikh Mohammad Ismail, The Muslim Chaplain, The University of Sheffield, The Octagon Centre, Sheffield, UK
  • Bishop Munib Younan, Former President, Lutheran World Federation; Honorary President, Religions for Peace, State of Palestine

Question and Answer:

For Q&A, please email questions to coalitionfbo@gmail.com Thank you!

This webinar is sponsored by:

_______________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Drugs & Crime-NY, please visit nyngoc.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Freedom of Religion or Belief, please visit unforb.org.

Combating Corruption: The Relevance & Capacities of Faith-Based Organizations

Special Session of the United Nations General Assembly Against Corruption (UNGASS)

Side meeting: “Combating Corruption: The Relevance and Capacities of Faith-Based Organizations”

Representatives from diverse faith traditions, along with UN officials with direct experience in combating and proposing solutions to corruption—trafficking, public corruption, organized crime—will discuss the role of FBOs in corruption prevention and intervention efforts to improve ethics, justice, rule of law, good governance, and sustainable development.

Moderator: Dr. Thomas G. Walsh, Chairman, Universal Peace Federation; Co-Chair, Coalition of Faith-Based Organizations, USA

Panelists:

  • Amb. Thomas Stelzer, Dean, International Anti-Corruption Center, Vienna
  • Mrs. Livia Krings, Crime Prevention and Criminal Justice Officer in the Corruption and Economic Crime Branch of the UN Office on Drugs and Crime (UNODC), Austria
  • Dr. Liberato “Levi” Bautista, President of The Conference of Non-Governmental Organizations (CoNGO) in Consultative Relationship with the United Nations and Main Representative to the UN for the United Methodist Church-General Board of Church and Society
  • Imam Sheikh Mohammad Ismail, The Muslim Chaplain, The University of Sheffield, The Octagon Centre, Sheffield, UK
  • Bishop Munib Younan, Former President, Lutheran World Federation; Honorary President, Religions for Peace, State of Palestine

Question and Answer:

For Q&A, please email questions to coalitionfbo@gmail.com Thank you!

This webinar is sponsored by:

_______________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Drugs & Crime-NY, please visit nyngoc.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Freedom of Religion or Belief, please visit unforb.org.