Ad Hoc Open-ended Working Group to follow up on the issues contained in the Outcome of the Conference on the World Financial and Economic Crisis and Its Impact on Development

12 April 2010

"The impact of the crisis on debt sustainability of developing countries"

• Tentative programme (with links to bios, presentations and statements)
• Informal summary by the Secretariat
• UNCTAD Secretariat Note on “The Impact of the Financial and Economic Crisis on Debt Sustainability in Developing Countries” (September 2009)
• World Bank (IDA) and IMF “Staff Guidance Note on the Application of the Joint Bank-Fund Debt Sustainability Framework for Low-Income Countries” (January 2010)
• GA resolution 64/191 on "External debt sustainability and development" (A/RES/64/191)
• SG report on "Towards a durable solution to the debt problems of developing countires" (A/64/167)
• Related links:
  • Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative
  • The Multilateral Debt Relief Initiative
  • The Joint World Bank–IMF Debt Sustainability Framework for Low-Income Countries

"Mobilization of additional resources to mitigate the impact of the crisis on the most vulnerable”

• Tentative programme (with links to bios, presentations and statements)
• Informal summary by the Secretariat
• “The global financial crisis and sub-Saharan Africa: The effects of slowing private capital inflows on growth” by José Brambila Macias and Isabella Massa
• UN-ECA “The global financial crisis: impact, responses and way forward”
  (E/ECA/COE/28/6)
• UN-ECA “Africa and The Global Financial Crisis: Towards A ‘Just Bargain’ at the G20 Summit”
• European Commission "Spring Package":
  • "A twelve-point EU action plan in support of the Millennium Development Goals"
  • "Financing for Development - Annual progress report 2010 Getting back on track to reach the EU 2015 target on ODA spending?"
• South Center bulletin of 19 April 2010
• ODI "The global financial crisis and developing countries"
  
• Related links:
  • IMF’s role in helping protect the most vulnerable during the crisis
  • Strengthening IMF Support for Low‐Income Countries (LICs)
  • Unprecedented IMF Support to LICs
  • IMF Response to the Crisis: meeting the Needs of LICs

“Access to credit and concessionary finance; fiscal space for countercyclical policies; and the current global reserve system”

• Tentative programme (with links to bios, presentations and statements)
• Informal summary by the Secretariat
• Letter of 28 April 2010 by Co-Chairs
• UN-ECLAC “The reactions of the Governments of the Americas to the international crisis: an overview of policy measures up to 31 December 2009”
• ECLAC/ILO Bulletin N° 2. “The Employment Situation in Latin America and the Caribbean: Crisis in the labour markets and countercyclical responses”
• UN-ECLAC “Latin America and the Caribbean in the World Economy 2008 - 2009. Crisis and opportunities for regional cooperation”
• Related links:
  • IMF Crisis lending
  • IMF Conditionality
  • IMF Extended Credit Facility (replaces PRGF)
  • IMF Standby Credit Facility
  • IMF Rapid Credit Facility
  • IMF New Package of Concessional facilities
  • IMF Reform of Concessional Lending facilities, Press Information Notice
  • IMF’s Flexible Credit Line (FCL)
  • IMF's Special Drawing Rights (SDRs)
  • IMF New Rules for Access to Concessional Loans
  • Staff Position Note - The Debate on the International Monetary System (SDRs as a reserve asset and other needed reforms)
  • Fiscal Policy in Sub‐Saharan Africa in Response to the Global Crisis (fiscal/policy space issues)
  • Fiscal Policy for the Crisis

“Improved financial regulation and supervision”

• Tentative programme (with links to bios, presentations and statements)
• Informal summary by the Secretariat
• Letter of 28 April 2010 by Co-Chairs
• “The regulatory reform agenda - status and implications” by Aditya Narain, IMF
• Related links:
  • IMF The Perimeter of Financial Regulation
  • IMF Lessons of the Financial Crisis for Future Regulation
  • Tha Basel Committee

“Reform of the international financial and economic system, including voice and participation of developing countries in the Bretton Woods institutions”

• Tentative programme (with links to bios, presentations and statements)
• Informal summary by the Secretariat
• Related links:
  • UNCTAD, G-24 Discussion Paper Series “Reforming the IMF: Back to the Drawing Board”
  • Third World Network Briefing Paper 44 “Reform of the international financial architecture”
  • South Center Policy Brief 1 “The Role of the United Nations in Global Economic Governance"
  • World Bank "Voice Reform and Capital Increase" presentation by Ms. Lisa Finneran
  • IMF “Briefing on Outcome of the April 2010 IMFC Meeting” presentation by Mr. Elliott Harris

“Strengthening the role of the United Nations in Global Economic Governance”

• Tentative programme (with links to bios and statements)
• Informal summary by the Secretariat
• Related links:
  • Letter dated 11 March 2010 from the Permanent Representative
    of Singapore to the United Nations addressed to the
    Secretary-General