The United Nations (UN) is preparing a Multilateral Legal Framework for debt restructuring for developed countries

Please read below a few snippets from resolution 68/304 drafted by the United Nations (UN) in September 2014 on global sovereign debt restructuring. Reading between the lines the UN admits our current system is unsustainable and because of “systemic fragilities reform to strengthen the international financial system” is needed; a monetary reset.

Reading between the lines the UN admits our current system is unsustainable and because of “systemic fragilities reform to strengthen the international financial system” is needed; a monetary reset.


Resolution adopted by the General Assembly on 9 September 2014

68/304. Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes

107th plenary meeting.......

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