U.N. nations approve principles for sovereign debt restructuring
UNITED NATIONS (Reuters) - The United Nations General Assembly on Thursday approved what it described as global “basic principles” for sovereign debt restructuring processes to improve the global financial system, an initiative that was inspired by Argentina’s debt crisis.
There were 136 votes in favour, six against and 41 abstentions in the vote on the resolution, which was submitted to the 193-nation General Assembly by South Africa.
Unlike the Security Council, which has the power to issue legally binding resolutions, General Assembly resolutions are non-binding. But they carry political weight.
The resolution urges debtors and creditors “to act in good faith and with a cooperative spirit to reach a consensual rearrangement” of sovereign debt.
“A sovereign state has the right ... to design its macroeconomic policy, including restructuring its sovereign debt, which should not be frustrated or impeded by any abusive measures,” it added.
U.N. nations approve principles for sovereign debt restructuring
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Risoluzione ONU non vincolante, però ben 135 nazioni hanno votato a favore, certo che le sei che hanno votato contro varanno in termini di PIL quasi o più delle 135 che hanno votato a favore. In cambio di qualche pozzo della faja del orinoco potrebbero cambiare idea quelle che hanno votato contro?
Vedi l'allegato 461162