Debt and Global Finance

Efforts to improve the framework for the resolution of international financial crises have been on the policy agenda for several years, but the recent financial crisis has brought new urgency to the issue. The wave of liberalization among developing countries in the 1970s has now left them especially vulnerable to the volatility of financial markets. Most key players now agree on the importance of a new mechanism to resolve sovereign debt insolvency crises, however there is less agreement on how best to achieve this goal. IPD’s Debt Restructuring and Sovereign Bankruptcy Task Force brings together policy makers and the world’s leading experts on this topic to develop better instruments and processes to resolve debt crises.

The global financial crisis and ensuing economic recession have been at the top of the agenda over the past year. As a consistent, constructive critic of the instruments and behaviors that are now widely understood to have led to the meltdown of the US and global financial systems, IPD has been at the forefront of efforts to analyze the causal roots of the current crisis. Our Financial Markets Reform Task Force has convened the global best and brightest to advise leaders and policymakers on crafting immediate solutions that minimize economic damage, as well as proposing reforms to the system of global economic and financial governance.