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Special joint meeting of the Second Committee of the General Assembly and ECOSOC on sovereign debt restructuring and debt resolution mechanisms

  • Date: 14 October 2014
  • Location: New York

Pursuant to General Assembly resolution 68/202, the Second Committee of the General Assembly held a special joint meeting with the Economic and Social Council to consider lessons learned from the debt crises and the ongoing work on sovereign debt restructuring and debt resolution mechanisms on Tuesday, 14 October 2014, from 15:00 to 18:00, in Conference Room 2 (CB), at the UN headquarters in New York. The joint meeting was co-chaired by the Chair of the Second Committee, His Excellency Sebastiano Cardi, Permanent Representative of Italy, and the President of the Economic and Social Council, His Excellency Martin Sajdik, Permanent Representative of Austria.

The meeting focused on the following topics:

  • Lessons learned from policy responses to contagion and debt crises and implications of the changing landscape for debt restructuring
  • Ongoing work on sovereign debt restructuring and debt resolution mechanisms
  • Mandate
  • Organization
  • Substantive Matters
  • GA resolutions
  • Publications
  • Media

Mandate

  • GA resolution 68/202 on “External debt sustainability and development”

Organization

  • Provisional agenda (with links to presentations)
  • Informal summary
  • Biographies of Speakers
  • UN Journal Announcement 1
  • UN Journal Announcement 2
  • UN Journal Announcement 3

Substantive Matters

  • Report of the Secretary-General on “External debt sustainability and development” (A/69/167)
  • UNCTAD’s Sovereign Debt Portal
  • The Fund’s Lending Framework and Sovereign Debt—Preliminary Considerations
  • Strengthening the Contractual Framework to Address Collective Action Problems in Sovereign Debt Restructuring
  • Report of Expert Group Meeting on Sovereign Debt Restructuring: The Road Ahead

GA resolutions

  • GA resolution 68/202 on “External debt sustainability and development”
  • GA resolution 68/304 on “Towards the establishment of a multilateral legal framework for sove

Publications

MDG Gap 2014

Media

UN Press Release

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