CESR Sends Submission to UN Expert on Foreign Debt
In a submission to the UN Independent Expert on foreign debt, to inform her forthcoming report on the international debt architecture and human rights, CESR outlined a number of key concerns and proposals, including on issues such as debt relief and cancellation, debt restructuring, gender impact assessments and extraterritorial obligations. The submission draws on the new Principles for Human Rights in Fiscal Policy, an innovative normative tool produced by the collective work of Latin American human rights and fiscal policy experts.
The Principles (steered by CESR and its partners in the Initiative for Human Rights Principles in Fiscal Policy) have been informed by a series of dialogues and consultations with different groups and social movements (including Indigenous and afro-descendant groups, feminist movements, and trade unions) and greatly reflects the need for a clear and specific framework to strengthen accountability of all actors involved. In this submission, we outline how the relevant Principles can inform international debt architecture reform.