Restructuring Sovereign Debt

The last years of financial crises have seen developed countries wrestling with the problems of sovereign indebtedness, long thought to be a problem unique to developing countries. Some former “Heavily Indebted Low-Income Countries” initially avoided the debt trap during the first years of this prolonged financial crisis, but are now face severe indebtedness once again.
  
This panel will discuss what we have learned from the past experiences with restructuring sovereign debts, and what options are (or should be) available to today’s and tomorrow’s sovereign debtors.
 
Mr. Lee C. Buchheit, Partner at Cleary Gottlieb Steen & Hamilton, LLP, New York, scholar and practitioner working to resolve sovereign debt problems

Mr. Kent Hughes, Director, Program on America in the Global Economy, Woodrow Wilson International Center for Scholars
 
Mr. Eric Le Compte, Executive Director, Jubilee USA Network

Mr. Monsur Muhtar, Alternate Executive Director for Nigeria and South Africa, and former Nigerian Minister of Finance
 
This event is co-sponsored by the Heinrich Boell Foundation’s North America Office, Jubilee USA Network, New Rules for Global Finance, and the Woodrow Wilson International Center for Scholars.
   
The sponsors share the view that the current financial crisis can only be resolved when there is a just and lasting resolution for this issue.
   
The conversation will be on the record.  We plan to videotape the proceedings and post it on some or all of the sponsors’ websites.  There will also be a summary of the discussion and suggested reading to assist the visitors to the website on the significance of sovereign debt problems and to acquaint them with options for resolving them.
  
Please RSVP to Mary Donahue at mary@jubileeusa.org