Oproep schulden rechtbank opgenomen in de Sherpa G20 2011 Lobby position

Datum: 09-05-2011

Sherpa, een interantionaal online lobby netwerk heeft in haar "G20 2011 Common Lobbying Positions" de oproep voor een schuldenrechtbank als lobbydoel meegenomen.

Lees in het engels verder

The Global G8 & G20 Working Group has published its 2011 Common Lobbying Positions. These documents contain policy briefs on the key issues that NGOs are advocating to the G8 and G20 in 2011.

Find below the paragraph on Debt:

4.1 Debt

The cancellation of large amounts of ‘Third World Debt’ over the last 10 years has had a
major impact on poverty in some of the poorest countries in the world. However, current
debt cancellation systems are too restrictive, they enshrine creditor control, and they fail
to deal with the question of the legitimacy of debts and the creation of just and
responsible lending and borrowing going forward.
The economic crisis has proved the volatile, unfair and pro-cyclical nature of the
financial system. On a global scale, reckless private behaviour has created large
quantities of public debt and is now providing a supposed 'justification' for austerity
measures. Nearly all the additional assistance provided by the G20 to the poorest
countries - which had no hand in creating the crisis - has been in the form of new loans.
It is imperative to the fight against poverty, inequality and environmental destruction
that the G20 adopts a debt justice agenda:
• To establish a Debt Court or Fair and Transparent Arbritration Procedure based
in a neutral space, which would protect borrowers from lender control,
adjudicate on illegitimate debt, cancel debt which prevents governments from
providing basic services and ensure lenders take responsibility for reckless
lending;
• To support international and national debt audits to allow greater transparency
in debt resolution and the lending process and provide a basis for sharing
responsibility for past illegitimate loans;
• To create binding international responsible lending and borrowing standards,
including on export credit guarantees, which ensure illegitimate debts are not
run-up in the future;
• To stop imposing undemocratic conditions on new lending, debt cancellation or
sovereign bail-outs;
• To support the passage of domestic legislation in G20 countries prohibiting the
activities of so-called Vulture Funds;
• To assist developing countries to mobilise domestic resources through
progressive taxation and the utilisation of capital controls, which will allow
them to break the cycle of debt dependency.
• To increase the availability of non-debt creating assistance to countries coping
with the effects of climate change, economic crises or natural disasters. In
particular proceeds from IMF gold sales should be used to this end.

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