The Foundation is co-sponsoring with Jubilee USA Network the civil society policy forum After SCOTUS: Next Steps in Sovereign Debt Restructuring, co-organized by JSF Senior Fellow Brett House and Jubilee USA Executive Director Eric LeCompte.

The session is part of the Civil Society Program, which will be held from Tuesday, October 7 to Saturday, October 11, prior to and during the 2014 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG). It is organized by the Bank and Fund Civil Society Teams, and will bring together IMF and WBG staff, CSO representatives, government officials, academics, and others to exchange views and dialogue on a wide range of topics

top_jubileeusaAfter SCOTUS: Next Steps in Sovereign Debt Restructuring

In the wake of the US Supreme Court’s dual decisions affecting Argentina on 16 June 2014, the existing norms around market-based approaches to sovereign debt restructuring have been called into question and the inefficiencies and inequities of these ad hoc approaches have been placed in sharp relief.
This session will bring together a wide range of viewpoints from a diverse set of stakeholders in order to review practical, fleshed-out proposals to remedy the challenges created by the SCOTUS decisions and to make future sovereign debt workouts more effective, efficient and equitable. The session is intended to identify how feasible options could be pursued over the coming year in the G20 and other international fora to improve on the current non-system for sovereign debt restructuring and preserve value for creditors and debtors.
Specifically, the goals of the session are: (1) ensuring a high-level discussion of sovereign debt issues at the Annual Meetings; (2) providing a structured venue for CSO voices to be heard on the IMF’s June proposals and those expected for end-September; and (3) identifying complementarities between the existing menu of proposals to improve sovereign debt restructuring processes and outlining possible coalitions to pursue them.

Thursday, October 9
4:00 – 5:30 pm
World Bank, I Building
Room I 2 – 250
1850 I St. NW
Washington, DC


Welcoming Remarks:
Brett House, Senior Fellow
Jeanne Sauvé Foundation

Eric LeCompte, Executive Director
Jubilee USA Network

Sean Hagan, General Counsel & Director
International Monetary Fund

Benu Schneider, Senior Economic Affairs Officer

William Ledward, Senior VP & Portfolio Manager
Franklin Templeton

Martin Brooke, Division Head
Bank of England

Jeremy Pam, Visiting Scholar
Columbia University