Recognize the need to assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief, debt restructuring and sound debt management (94, MoI 17.4)
Recognize the need to assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief, debt restructuring and sound debt management (94, MoI 17.4)
Commit to support the remaining HIPC-eligible countries that are working to complete the HIPC process (94); Commit to explore, on a case-by-case basis, initiatives to support non-HIPC countries with sound economic policies to enable them to address the issue of debt sustainability (94)
Aims to restore public debt sustainability, while preserving access to financing resources under favourable conditions (98)
Encourages consideration of further debt relief steps [for severe natural disasters and social or economic shocks that undermine a country's debt sustainability], where appropriate, and/or other measures for countries affected in this regard, as feasible (102)
Affirms the importance of debt restructurings being timely, orderly, effective, fair and negotiated in good faith. (98)
Welcomes reforms to pari passu and collective action clauses proposed by International Capital Market Association (100)
Encourages countries, particularly those issuing bonds under foreign law, to take further actions to include those clauses in all their bond issuance (100)
Recognizes "Paris Forum" initiative by Paris Club (99)
Encourages all Governments to take (legislative) action (on non-cooperative minority bond holders), as appropriate (100)
Welcomes provision of financial support for legal assistance to LDCs and commit to boost international support for advisory legal services (100)