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Why the Bank and Fund have provided too little debt relief too late, and what can be done about it

Added 26 Sep 2013

Saturday, October 12, 12:30 pm – 2:00 pm

 

World Bank, Room TBA

 

In a remarkable stock taking effort, the IMF has stated that in its management of sovereign

debt crises it has often provided insufficient debt relief. There are numerous reasons for

this, some technical, some more political in nature.

 

What exactly have been the reasons for the IFI’s poor performance and what can be done to

improve sovereign debt workout processes in the future? Experts from various fields shed

light on the history of debt workout procedures and make suggestions for improvements:

 

Welcome Remarks:

Michéle Auga, Executive Director, Friedrich-Ebert-Stiftung, New York Office

 

Moderator:

Jürgen Kaiser, erlassjahr.de, UNCTAD experts group

 

Speakers:

“Where the IMF’s honest analysis of the Greek case should lead to honest

consequences”

Anna Gelpern, American University, Washington

 

“The new debt crisis in the Small Island Developing States: the need for bold action”

Gail Hurley, UNDP

 

“The reform debate and the case of Grenada”

Oliver Joseph, Minister of the Economy, Government of Grenada (TBC)

 

“Debt Relief beyond HIPC - where next?”

Matthew Martin, Debt Relief International

 

“A roadmap towards alternatives: Moderator’s summary”

Jürgen Kaiser