Draft Principles on Promoting Responsible Sovereign Lending and Borrowing
Policy Brief #5
“The Resolution of Debt Crises: The Policy and Research Agenda”, was a one day seminar organized by UNCTAD and IPD, held February 11, 2011 at Columbia University in New York City.
Following this seminar, the UNCTAD has finalized a set of proposed principles intended to establish clear responsibilities for borrowers and lenders of sovereign debt.
The principles will be presented to governments at regional meetings to solicit their views and feedback and to build consensus on implementing an internationally agreed set of such principles in the future. Eventually, such principles could set a global standard for the contracting of sovereign debt, against which to assess the quality of contracts and the sustainability of debt.
View the UNCTAD Press Release referring to this publication.