The Rise and Development of the Global Debt Movement a North-South Dialogue
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Resolving Sovereign Debt Crises Towards a Fair and Transparent International Insolvency Framework Second Revised Edition
STUDY Resolving Sovereign Debt Crises TowardsaFairandTransparent InternationalInsolvencyFramework Secondrevisededition JÜRGEN KAISER October2013 Duetotheglobalfinancialcrisis,externalsovereigndebthasagainbecomeaprob- lemtoabroadrangeofcountries–fromEuropeanhigh-incomecountriestothe pooreststatesonearth–evenaftertheyhadobtaineddebtreliefthroughexisting multilateralinitiatives. Despitelong-standingexperienceswithsovereigninsolvencies,however,nomecha- nismpresentlyexiststodealwiththecomplexdebtstructuresofmanycountriesin acomprehensiveway.Existingdebtworkoutprocedures–suchastheParisClub, HIPC/MDRI,orBrady-styledebtconversion–haveeitherbeenone-offexercisesnot meanttobeappliedasapermanentmechanism,ortheyarereinforcingcollective actionproblemsforbeingpiecemealincharacter. Thisstudythereforearguestoapplyprinciplesandproceduresofdomesticinsolvency tosovereigns,inordertoreachafairandsustainabledebtworkout.Itexplainsthe principlesofanad-hocoraninstitutionalisedframework,anddescribesthepossi- bilitiestoobtainpoliticalsupportandtechnicaladviceforcountriesthatmayfind themselvesinneedofanorderlydebtworkoutprocess. JÜRGEN KAISER | Resolving Sovereign DEbT Crises Contents Introduction: Greece and the Resurgence of Sovereign Debt . 3 1. The Persistence of Sovereign Debt as Systemic Problem in the Global South . 4 2. Debt Management from the Crisis of the 1980s to the Debt Sustainability Framework. 5 2.1 TheParisandLondonClubs. .5 2.2 TheHeavilyIndebtedCountriesInitiativeandtheMultilateralDebtReliefInitiative. 6 2.3 Exceptionalandnon-negotiatedDebtReductions. -
The Foreign Service Journal, January 2000
DEBT JUBII.EE? ■ BREAKINC WITH THE 20TH CENTURY ■ KISSINGER AND ANGOLA WRESTLEMANIA 2000 Does Foreign Policy Matter in This Campaign? The right vehicle ready for delivery to developing countries At Bukkehave, we always have over 600 automobiles and trucks as well as 800 motorcycles in stock. All makes and models are richly represented: DaimlerChrysler, Ford, Mitsubishi, Toyota, Nissan, Yamaha, Isuzu with right-hand or left- hand drive. We also stock generators and outboard motors. Check out our current inventory at www.bukkehave.com. Our services start with advice at the purchasing stage and include efficient transportation solutions. If you are stationed abroad, we can assist you in finding the right vehicle. Choose from Call us and let us help you find a solution that goes over 600 vehicles the distance - even in in stock terrain where reality is a little tougher than you are accustomed to. Bukkehave Inc. 1800 Eller Drive )>h- P.O. Box 13143, Port Everglades 'IVV< Fort Lauderdale, FL 33316 I USA. Tel. I 800 815 3370 Tel. +1 954 525 9788 Fax +1 954 525 9785 [email protected] www.bukkehave.com CLEMENTS & COMPANY Insumncc Worldwide. 1660 L Street, NW, 9th Floor, Washington, DC 20036 TELEPHONE 202-872-0060 or 800-872-0067 FACSIMILE 202-466-9064 E-MAIL [email protected] WEBSITE wwW.clements.com Attention: U.S. Foreign Service Officers and Specialists Coming To Town For Training? Alexandria Suites Hotel Convenient to: NFATC (5 miles) Washington, D.C. (8 miles) Room & Ride Program: Studio Suite and Intermediate Size Car ® Comfortable within your Per Diem ® Enjoyable ® Affordable Participant in FARA Plus: Housing Program ® Full size, fully equipped kitchens ® Complimentary deluxe breakfast # Free shuttle Van Dorn Metro, NFATC ® On site fitness center ® Pets accepted 420 North Van Dorn Street Alexandria, VA 22304 Phone: (703) 370-1000 Fax: (703) 751-1467 Reservations 1-800-368-3339 www.alexandriasuites.com CONTENTS January 2000 I Vol. -
A Critique of Neoliberalism: Alter-Globalization, Human Rights and the Genoa G8 Summit Xinyi Zhou Guangzhou Foreign Language School, Guangzhou 510000, China
Advances in Social Science, Education and Humanities Research (ASSEHR), volume 300 2018 International Workshop on Education Reform and Social Sciences (ERSS 2018) A Critique of Neoliberalism: Alter-globalization, Human Rights and the Genoa G8 Summit Xinyi Zhou Guangzhou Foreign Language School, Guangzhou 510000, China. [email protected] Abstract. Critiques emerge as neoliberal globalization progresses. Alternative globalization movements continue to act transnationally to counter the consequences of neoliberalism. Drawing on the case of Genoa Group of Eight Summit Protest with the focus on debt relief issue, this paper analysis how the alter-globalization movements affect the inclusion of principles of greater equality and democracy into the globalization process. The paper compares neoliberalism and alternative underpinnings, offers an overview of the Genoa Group of Eight Summit Protest, and analyzes G8 debt relief approaches presented in the Genoa G8 Summit. The author finds that the Genoa Group of Eight Summit protests shed light on alternative globalization movements limited if important impact the promotion of human rights in the ongoing and unequal processes of globalization the world over. Keywords: Neoliberalism; Alternative Globalization Movement; Human right; Genoa G8 Group Protest; Debt Relief. 1. Introduction Alter-globalization movements are concerned with a critique of neo-liberal globalization and its multifaceted consequences. These transnational movements envision alternative forms of globalization by advocating their cause in many areas. As such alter-globalization movements are often misunderstood to propose a view that is against globalization more generally. This paper will argue, and in the case of the so-called Genoa Group of Eight Summit Protest (GGESP), that alter-globalization movements offer a vision for globalization that is intended to drive principles of equality and greater participation in democracy instead. -
Changing the Wind: Movements of Faith for Economic Justice
Changing the Wind: Movements of Faith for Economic Justice Presented at the Faith and Progressive Policy: Proud Past, Promising Future Conference, sponsored by the Center for American Progress Wednesday, June 9, 2004 Jim Wallis Convener, Call to Renewal Editor, Sojourners magazine It was one of those warm spring days in the nation’s capital when the fresh promise of new possibilities seems, just for a moment, to defy the entrenched ways of Washington. Surrounded by the impressive vista of monuments and museums on the Mall, I stood behind a rough lectern on a make-shift stage, looking into the eyes of 1000 low-income people—mostly single mothers who had been on welfare. My job was to speak and my topic was hope. In a city where the currency is power, these poor Americans seemed a bit out of place. Not used to having much clout in their political system, you could tell they were feeling the energy that comes from just being together. They had come on buses from urban and rural communities to “lobby” the Congress for a new welfare reform bill—one that would effectively help people like themselves to escape poverty and move to self-sufficiency. I told them a story. I remember another group of people who wanted to change things meeting in a high mountain town in Mexico, 2,000 miles from Washington D.C. Two-hundred fifty Christian leaders from 50 countries (mostly from the Southern Hemisphere) were gathered for a whole week to ask how they could learn to do a new kind of “advocacy.” Having spent years doing service to the poor in their own countries, and now engaged in effective community development projects, they still saw the poor losing ground. -
IAEA Bulletin Volume 47, No.1
A Chance for Real Change in Bono, activist & globalAfrica rock star, is on a journey to help save millions in Africa. ●I’m here as part of a journey that began in 1984-85. That summer, my wife Ali and I went to Ethiopia, on the quiet, to see for ourselves what was going on. We lived there for a month, working at an orphanage. Africa is a magical place. Anybody who ever gave anything there got a lot more back. Ethiopia not just blew my mind, it opened my mind. On our last day at the orphanage a man handed me his baby and said: take him with you. He knew in Ireland his son would live; in Ethiopia his son would die. I turned him down. In that moment, I started this journey. In that moment, I became the worst thing of all: a rock star with a cause. Except this isn’t a cause. 6,500 Africans dying a day of treatable, prevent- able disease — dying for want of medicines you and I can get at our local chemist. That’s not a cause, that’s an emergency. You know, I could make the soft argument for action — or I could make the more muscular one. The soft argument you’ve all heard before. People are dying over there, needlessly dying, at a ridiculous rate and for the stu- pidest of reasons: money. They’re dying because they don’t have a pound a day to pay for the drugs that could save their lives. There are hard facts that make up the soft argument. -
Hunger Report 2000
A Program toEnd Hunger HUNGER 2000 Tenth Annual Report on the State of World Hunger 1100 Wayne Avenue, Suite1000 Silver Spring,Maryland 20910 USA Printed on recyclable paper with soy inks Bread for the World Institute President David Beckmann President Emeritus Arthur Simon Director Richard A. Hoehn Editor James V.Riker Co-Editor Elena McCollim Design Dennis & Sackett Design, Inc. © 2000 by Bread for the World Institute 1100 Wayne Avenue, Suite 1000 Silver Spring, MD 20910-5603 USA Telephone: (301) 608-2400 Fax: (301) 608-2401 E-mail: [email protected] Web site: www.bread.org All rights reserved. No part of this book may be reproduced in any form without permission from the publisher except for brief passages quoted in a review. Printer: HBP,Hagerstown, MD Cover Photo: The World Bank Manufactured in the United States of America First edition published January 2000 ISBN 1-884361-08-0 ii A Program to End Hunger Table of Contents v Acknowledgments 1 Foreword David Beckmann 2 Introduction Richard A. Hoehn 5A World Without Hunger – Anna and Sarah Deitz 6A Fair Share:Working to End Hunger 10 Who is My Neighbor? – Angel Mortel 12 Chapter 1 – World Hunger Can Be Ended James V. Riker and Elena McCollim 16 The Politics of Food Security in Kosovo – Don Walter 20 The Critical Role of U.S. Leadership – Rep. Tony Hall 32 Chapter 2 – Ending Hunger in the United States James V. Riker and Elena McCollim 34 The Cost of Ending Hunger – John T.Cook 42 The Scandal of Hunger in Washington, DC 44 Asset Development Strategies that Empower People – Ray Boshara -
The Gleneagles Summit: NGO and Civil Society Perspectives on the G8
Report The Gleneagles Summit NGO and Civil society Perspectives on the G8 August 2005 Karin Simonson Ottawa, Canada Programme on NGOs & Civil Society Centre for Applied Studies in International Negotiations Centre d'études pratiques de la négociation internationale The Gleneagles Summit Centre for Applied Studies in Karin Simonson, Research Associate, prepared this report for the Programme on International Negotiations NGOs and Civil Society of the Centre for Applied Studies in International C.P. 1340 Negotiation. Av. de la Paix 7 bis 1211 Geneva 1 The Programme on NGOs and Civil Society Switzerland Worldwide, the role of civil society has been increasing at rapid speed. Non- governmental organizations (NGOs) have become significant and influential T +41 22 730 8675/76 players and generate much interest. Created in 1986, the Programme on Non- F +41 22 730 8690 Governmental Organizations and Civil Society aims at contributing towards a [email protected] better understanding of NGOs and the solutions of complex and conflictive www.casin.ch societal problems involving NGOs. The opinions expressed in this paper reflect only those of the author and not of the institutions to which he/she is or was affiliated. Copyright CASIN © August 2005 1 The Gleneagles Summit Table of Contents SUMMARY............................................................................................................................................................... 1 INTRODUCTION...................................................................................................................................................... -
Transnationalism, Power and Change: Three Decades of Debt Campaigning
Transnationalism, Power and Change: Three Decades of Debt Campaigning Jean Somers, B. Soc. Sc., Msc. Social Research School of Law and Government, Dublin City University Supervisor: Dr. Eileen Connolly January 2014 Dissertation submitted for the award of PhD to Dublin City University i Declaration of Work I hereby certify that this material, which I now submit for assessment on the programme of study leading to the award of PhD is entirely my own work, and that I have exercised reasonable care to ensure that the work is original, and does not to the best of my knowledge breach any law of copyright, and has not been taken from the work of others save and to the extent that such work has been cited and acknowledged within the text of my work. Signed: _________________________________(Candidate) ID No. 56124899 Date: _______________ ii Acknowledgements I would first like to warmly thank all those debt activists from across the globe who agreed to be interviewed by me and who mined their memories for the insights I sought. I am also very grateful to all the organisations which gave me access to their archival material – thank you all for keeping this material over the years. I thank my supervisor, Eileen Connolly, for her guidance and all her practical support over the years. I am also grateful to Peadar Kirby for maintaining his support over the thesis period. My colleagues, the fellow PhD students with whom I shared CA 126 over the years, provided support and sympathy and stimulating discussions. My friends and family kept faith in me and encouraged me to finish. -
G8 Summit 2007 Growth and Responsibility
G8 Summit 2007 Growth and Responsibility Heiligendamm, 6-8 June 2007 G8 Summit 2007 Contacts G8 Summit 2007 Growth and Responsibility Heiligendamm, 6-8 June 2007 Editor Maurice Fraser Pictures: Alamy, Corbis, Getty, Reuters, PA Photos Deputy editor Diana Fortescue Repro: ITM Publishing Services Editorial executive Suzy Robinson Printed by Buxton Press Group editorial director Claire Manuel ISBN 1-905435-45-2 Managing editor Louise Drew Deputy managing editor Zac Casey Editorial: Agora Projects Ltd Sub-editor Nick Gordon Editorial enquiries to Agora Projects Ltd, Adam House, Group art director David Cooper 7-10 Adam Street, London WC2N 6AA Art editor Emma McCaugherty Tel: +44 (0) 20 7520 9327 Fax: +44 (0) 20 7520 9326 Group production director Tim Richards [email protected] Group sales director Andrew Howard Sales manager Martin Murphy ©Newsdesk Communications Ltd June 2007. The entire contents of this publication are protected by copyright. All rights reserved. No part of this publication may be Sales executives Helga Schweissguth reproduced, stored in a retrieval system, or transmitted in any form or by any means: Phil Sims electronic, mechanical, photocopying, recording or otherwise, without the prior Melanie Vaughan permission of the publisher. The views and opinions expressed by independent authors and contributors in this publication are provided in the writers’ personal capacities and are their sole Client relations director Natalie Spencer responsibility.Their publication does not imply that they represent the views or opinions of Newsdesk Communications Ltd and must neither be regarded as constituting advice on any matter whatsoever, nor be interpreted as such.The reproduction of Deputy chief executive Hugh Robinson advertisements in this publication does not in any way imply endorsement by Publisher and chief executive Alan Spence Newsdesk Communications Ltd of products or services referred to therein. -
DATA/ONE Campaign: Implementing Bono's Wish
DATA/ONE Campaign: Implementing Bono’s Wish An IDC Case Study Sponsored by Sun Microsystems Inc. THE COMPANY DATA, a partner of Sun Microsystems, aims to raise awareness about the African crises: unpayable debts, uncontrolled spread of AIDS, and unfair trade rules that keep Africans poor. DATA is an acronym for the crises of Debt, AIDS, and Trade in Africa and was cofounded in 2002 by rock star and social activist Bono, Bobby Shriver, and activists from the Jubilee 2000 Drop the Debt Campaign. The ONE Campaign is a non-profit initiative launched by Bono to raise the voices of citizens to combat AIDS and reduce poverty in Africa. This opportunity, and the offer to make it a reality, was part of a wish granted to Bono as a recipient of the inaugural Technology, Entertainment, Design (TED) Prize, awarded on February 24 at the 2005 TED Conference in Monterey, California. THE Bono wants to mobilize 1 million American voices in support of his fight against AIDS and poverty. With more than 600,000 fans in possession of tickets for the first U.S. leg of U2’s concert tour, Bono wanted a OBJECTIVE technology infrastructure that enabled him to call on fans to join him in his fight from the time and space constraints of a rock concert venue. THE As his band performs in-concert, Bono calls on his fans to join him in his fight. He asks them to send a text message from their mobile phones to a short code — UNITE (86483). The text message establishes an ini- SOLUTION tial link between the fan and the ONE Campaign. -
Social Movements and the Politics of Debt Cancellation
Chicago Journal of International Law Volume 6 Number 1 Article 16 6-1-2005 Social Movements and the Politics of Debt Cancellation Soren Ambrose Follow this and additional works at: https://chicagounbound.uchicago.edu/cjil Recommended Citation Ambrose, Soren (2005) "Social Movements and the Politics of Debt Cancellation," Chicago Journal of International Law: Vol. 6: No. 1, Article 16. Available at: https://chicagounbound.uchicago.edu/cjil/vol6/iss1/16 This Article is brought to you for free and open access by Chicago Unbound. It has been accepted for inclusion in Chicago Journal of International Law by an authorized editor of Chicago Unbound. For more information, please contact [email protected]. Social Movements and the Politics of Debt Cancellation Soren Ambrose* The question of sovereign debt restructuring has come up in the last three years, primarily in response to the plight of Argentina, which in 2001 was forced into the largest governmental default in recent decades. The Sovereign Debt Restructuring Mechanism ("SDRM") proposed by the International Monetary Fund ("IMF") in 2002, while failing to win approval from the institution's board, was a very narrow response to a narrowly defined aspect of the global debt crisis. This article discusses the SDRM, but is more concerned with the larger scope of advocacy on debt issues by civil society movements over the last two decades. While it does take up legal strategies being used in those efforts, it is concerned with such tactics only in the context of the urgent calls for the elimination of the destructive cycle of debt afflicting most of the countries of the Global South. -
An Abstract of the Thesis Of
1 INTRODUCTION The end of the Cold War radically realigned global politics and led to a renewed interest in transnational civil society. The new civil society that helped bring down the Soviet Empire has been considered a major enabling element for worldwide democratization. Simultaneously, social movements addressing issues such as the environment and human rights globalized and increased their prominence within civil society. Leading such movements were inter-governmental organizations (IGOs), like the United Nations, and non-governmental organizations (NGOs), like Amnesty International and Greenpeace. Collectively known as international organizations (IOs), the reorganized worldwide society created an atmosphere where such IOs could proliferate and flourish, and become a significant factor in the post-Cold War world. While IGOs are quite powerful, NGOs have achieved a dramatic impact working as non-state players in international society. Current scholars of international relations have begun to consider the implications of traditionally non-political actors advocating political and social causes. However, much of that work has focused on NGOs and their interactions with each other, the governments of nation-states and IGOs. Keck and Sikkink (1998) evaluate the prominence of NGOs and the transnational networks that such organizations form to frame issue debates and establish them on agendas of international concern. However, another important piece of the puzzle for NGOs to successfully promote a political or social agenda is the role played by individual non- state actors, and not just non-state organizations. Non-state actors often have a unique ability to impact an audience that may not be affected by NGOs, especially when these 2 non-state individuals are celebrities.