14 October 2014
Conference Room 2 (CB), UNHQ
New York
, United States of America
UNCTAD provided substantive support for the preparation of the Special Joint Meeting of the Second Committee of the General Assembly and the Economic and Social Council on "Lessons learned from debt crises and the ongoing work on sovereign debt restructuring and debt resolution mechanisms" held at UN Headquarters in New York on 14 October 2014. The special event is prepared in response to the request made by Member States in GA resolution A/68/202.
The meeting was opened 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. Mr. Richard Kozul-Wright, Director of the Division for Globalization and Development Strategies, UNCTAD, moderated the session and discussion on lessons learned from debt crises. Ms. Yuefen Li, Head, Debt and Development Branch, Division for Globalization and Development Strategies, UNCTAD, briefed delegates on UNCTAD's ongoing work in the area of debt workout mechanism.
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
