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Since the “Common Framework” was launched, only four countries – Chad, Ethiopia, Zambia and Ghana – have requested for restructuring of their debts. This does not speak too well about the success of the initiative.
A statement from a variety of campaigning organisations about the debates at COP 15 on biodiversity in Montreal from December 7-19 issued during the debates there
<p><span>Thank you, Adam, I appreciate the opportunity to speak here today. I last gave a talk at PIIE a couple of years ago, while wearing my previous hat as an academic. One great thing that you immediately notice about PIIE’s experts and affiliates is that in addition to economic theory, they care about the practical details, institutional and otherwise, that can constitute the difference between a successful or unsuccessful policy. Now, as a policymaker at Treasury, I have a more visceral appreciation for this reality, including when it comes to cross-border lending a...
The Principles for Stable Capital Flows and Fair Debt Restructuring are voluntary guidelines offering an effective framework for sovereign debt crisis...