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Federal Reserve Bank of Cleveland: 2024 Financial Stability Conference

It is estimated that within Latin America, most countries have a sovereign debt that exceeds half of their GDP. This is cited as a factor limiting the region from attaining sustainable development goals. There is concern that governments spend more on debt interest payments than on education or healthcare. Oxfam calls this phenomenon "debtocracy" trapped in cycles of debt. They claim that private creditors block or avoid participation in multilateral debt relief efforts, such as Debt Suspension Services. This webinar will discuss the role of law in pursuing debt sustainability while respecting human rights. This session is bilingual--some presentations will be in English and others in Spanish.