Commonwealth finance ministers will meet in Washington D.C. on 17 October 2019 to discuss coordinated interventions to prevent future debt crises.
The meeting will be chaired by the Finance Minister of Cyprus, Harris Georgiades, under the theme ‘Preventing Debt Crises: The Roles of Creditors and Debtors’. It will be preceded by sessions for senior finance ministry officials and central bank governors.
Ministers will explore policy options and strategies by which debtor countries can work with creditors to prevent the recurrence of debt crises. Debt crises, as witnessed recently in Greece and Argentina, can devastate economic growth, increase poverty and derail global agendas such as the UN Sustainable Development Goals and Paris Agreement. Read more on Accounting Weekly.