Category: Essays and Reports

SDRM or FTAP: Comment on Ms. Krueger’s first comprehensive proposal for a new debt restructuring mechanism

(June 5, 2002) This brief commentary on the IMF proposal for Sovereign Debt Restructuring Mechanism (SDRM) builds on our earlier reaction to the various speeches Ms. Krueger has delivered on the subject and follows broadly their structure.

Defining Illegitimate Debt: Understanding the issues

(June 1, 2002) The concepts of unpayable debt and an international insolvency procedure are now part of the discourse on international finance. The third side of the triangle needs to be defined and established so debtors can argue that some debt is illegitimate.

Final Judgement

(April 18, 2002) The members of the International Peoples’ Tribunal met in Washington, D.D., on April 18, 2002, to pronounce their Final Sentence in the case against the Debt substantiated in the public hearings held in Porto Alegre, in February, as part of the II World Social Forum.