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Special meeting of ECOSOC on “External debt sustainability and development: Lessons learned from debt crises and ongoing work on sovereign debt restructuring and debt resolution mechanisms”

23 April 2013, UN Headquarters, New York

Pursuant to General Assembly resolution 67/198, the Economic and Social Council held a one-day meeting on “External debt sustainability and development: Lessons learned from debt crises and ongoing work on sovereign debt restructuring and debt resolution mechanisms”. Following a short opening plenary featuring remarks by the President of ECOSOC, Secretary-General of UNCTAD and the Assistant Secretary-General for Economic Development of DESA, senior panellists from the World Bank and academia discussed lessons learned from the history of debt crises. Subsequently, UNCTAD and DESA provided briefings on the ongoing work on sovereign debt restructuring and debt resolution mechanisms, followed by an interactive discussion.

The afternoon session featured a keynote address by Prof. Joseph Stiglitz, entitled “Gaps in legal and institutional structures for debt restructuring”. It was followed by a panel discussion on the “Architecture for debt restructuring” and an interactive discussion.

At the closing of the meeting, the President of ECOSOC made concluding remarks highlighting key points and common messages.

ECOSOC resolutions

  • ECOSOC resolution 2012/31 on "Follow-up to the International Conference on Financing for Development"
  • ECOSOC resolution 2011/38 on "Follow-up to the International Conference on Financing for Development"
  • ECOSOC resolution 2011/39 on "Follow-up to the Outcome of the Conference on the World Financial and Economic Crisis and Its Impact on Development: consideration of the possible establishment of an ad hoc panel of experts"

General Assembly resolutions

Background information
on substantive matters

Statements by Member States

 
 
 

Financing for Development Office, 2 U.N. Plaza (DC2-2170), New York, N.Y. 10017
Email: ffdoffice@un.org, Fax: 212-963-0443, Website: www.un.org/esa/ffd