The Center for International Governance Innovation (CIGI)’s Global Economy Program and Columbia University’s Initiative for Policy Dialogue (IPD) will co-host a conference on Sovereign Debt Restructuring, to be held at Columbia University on September 22, 2015. Sovereign debt restructuring plays a major role in the preservation of financial and political stability. However, no commonly agreed multinational rules exist and each case has the potential to open the door to greater instability and to spread antagonism.
This CIGI-IPD conference at Columbia University will summarize lessons learned over the past year of discussions led by the United Nations, ICMA, the IMF, Columbia University IPD and CGEG, CIGI, and UNCTAD, and aim to provide guidance to policymakers and inform the ongoing discussions at the United Nations on how to implement a multinational legal framework for sovereign debt restructuring. Director of the Global Economy Program Domenico Lombardi, Senior Fellows Gregory Makoff and Susan Schadler, and Manager of the Global Economy Program Alisha Clancy will attend on behalf of CIGI's Global Economy program. Director of the International Law Research Program Oonagh Fitzgerald, and Senior Fellows Mark Jewett and Steven Schwarcz Swill attend on behalf of the International Law Research program.