- Diese Veranstaltung hat bereits stattgefunden.
Online seminar: A debt moratorium – but for whom? The G20 DSSI and its logic to not help those who need it most
Im Rahmen des Seminars wird Jürgen Kaiser die Ergebnisse der Fachinformation 65: “Moratorium für wen? Wie 2020 die Schuldenerleichterung am Bedarf vorbeigeht” vorstellen. Die Veranstaltung findet auf Englisch statt.
Organized by EURODAD, erlassjahr.de, Jubilee Caribbean and LATINDADD. The seminar will be held in English. Simultaneous Spanish translation will be provided.
The logic of debt relief as a response to sovereign insolvency situation has the genuine objective of restoring a debtor’s economic capacity and therefore should be granted to those states that need it. However, official debt relief initiatives have ever since been guided by the logic to limit debt relief to the poorest – from the Toronto terms of the Paris Club limited to the Severily Indebted Low Income Countries to the multilateral Heavily Indebted Poor Countries Initiative.
In April 2020, the G20 finance ministers adopted the Debt Service Suspension Initiative (DSSI) to support poor countries in fighting the consequences of the corona pandemic. In the tradition of other debt relief initiatives, it is limited to the 73 poorest countries. The focus paper “A debt moratorium – but for whom?” / “Moratoria de pago: ¿para quién?” examines the logic of in- and exclusion according to income and not debt problems by looking at the two regions Central America and the Caribbean. It discusses whether or not the countries selected by creditors include those states which are actually the most in need of relief and whether the DSSI can be considered an effective response to the pandemic and its triggered recession.
In the webinar, the report and its conclusions will be presented and discussed with views from affected regions, coming to discussing civil society strategies to challenge the exclusionary logic of debt relief.
Agenda and Speakers
3 pm: Introductory remarks – Ilaria Crotti, Eurodad
3:05 pm Presentation of the report – Jürgen Kaiser, erlassjahr.de
3:20 pm: Comments from the Caribbean – Heron Belfon, Co-ordinator Jubilee Caribbean
3:30 pm: Comments from Central America – Georgina Muñoz, Executive Director Red Nicaragüense de Comercio Comunitario (RENICC)
3:40 pm: Questions and discussion
4 pm: End of webinar
EURODAD uses the software of the US company “Zoom” for its online seminars. Zoom’s technical infrastructure is stored on US servers. EURODAD does not store any data from online seminar participants in the zoom system. Following the principle of data economy, it is also possible to join the online seminar with an altered username. During this particular seminar, participants will not be able to use the audio or webcam function during the session. Furthermore, other participants’ names (apart from the panel discussants) are not visible to other participants. They are only visible to the moderators of the session. It is always possible to ask questions in the Q&A tool in an anonymous way. The questions that will be handed to the panel moderator will not be attributed to specific persons.