Good news: UN resolution on Debt restructuring passed!

The Women’s Major Group welcomes the UN resolution which was passed by 124 votes to 11 on Tuesday at 21:30 CET, and which gives the United Nations the mandate to create a multilateral legal framework for debt-restructuring. The initiative for the UN Resolution was triggered by a vulture funds lawsuit, in which a New York court ruled that Argentina must pay vultures in full, while blocking payments to other creditors who had agreed to debt restructuring. […]