Open Letter to Governor Hochul and Members of the New York State Legislature on the Sovereign Debt Stability Act

04/25/2024
Open Letters
Debt and Global Finance

We – the undersigned former Heads of State and Government, artists, concerned citizens, and policy makers – rise in support of a transformative initiative on which only New York has the power to act, with the potential to relieve the hardship of millions, help stabilize the global economy, and promote justice on a scale that reverberates far beyond the boundaries of the Empire State. We urge you to champion and pass the Sovereign Debt Stability Act (S5542/A2970) this year to reform New York’s governance of sovereign debt to help secure New York’s economy and protect the most vulnerable around the world from abusive and unfair lending practices.

The full launch event is available to watch here: Morning Session and Afternoon Session

Download Executive Summary of Jubilee Report (PDF)

Open letter to Governor Hochul and Members of the New York State Legislature urging them to champion and pass the Sovereign Debt Stability Act (S5542/A2970) this year to reform New York’s governance of sovereign debt to help secure New York’s economy and protect the most vulnerable around the world from abusive and unfair lending practices.