## Sovereign Debt Restructuring Mechanism (SDRM) Conference — Washington, DC, January 22, 2003

_IMF Seminars, January 1, 1901_

## Source details

**Canonical URL:** [Sovereign Debt Restructuring Mechanism (SDRM) Conference — Washington, DC, January 22, 2003](https://www.imf.org/ja/news/seminars/conferences/2016/12/31/sovereign-debt-restructuring-mechanism-sdrm-conference)

## Other formats

- [Markdown version](/ja/news/seminars/conferences/2016/12/31/sovereign-debt-restructuring-mechanism-sdrm-conference/index.md)
- [Structured JSON version](/ja/news/seminars/conferences/2016/12/31/sovereign-debt-restructuring-mechanism-sdrm-conference/index.json)
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## Bibliographic details
- Published: January 1, 1901

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### Event purpose and context
- The International Monetary Fund hosted a conference on the Sovereign Debt Restructuring Mechanism (SDRM) on Wednesday, January 22, 2003 in Washington, DC.
- The conference invited representatives from the financial sector, the official community, civil society and academia to exchange views on specific design features of the SDRM.
- The IMF staff prepared a new paper describing the design features of the proposal, informed by dialogue with private sector participants, workout specialists, and academics.
- The conference was a step toward responding to the request from the International Monetary and Financial Committee that the IMF develop a concrete proposal for an SDRM for consideration at its next meeting in the Spring.

### Logistics and opening
- Location: Meeting Halls A and B, International Monetary Fund, Washington, DC.
- Registration: 8:00 a.m.
- Welcome and Introductory Remarks: 8:40 a.m. — Mr. Horst Köhler (Managing Director, IMF).
- Keynote address: 9:00 a.m. — Mr. R. Glenn Hubbard (Chairman of the U.S. President's Council of Economic Advisers).

### Agenda and sessions
- 9:30 a.m. - 10:45 a.m. — Session 1: What is the Problem?
  - Chair: Mr. J. Onno de Beaufort Wijnholds (Permanent Representative of the European Central Bank at the IMF).
  - Speakers and topics:
    - Mr. Kenneth Rogoff (Economic Counselor and Director, Research Department, IMF) — Emerging Market Debt. What is the Problem?
    - Mr. Randal Quarles (Assistant Secretary of the U.S. Treasury for International Affairs).
    - Mr. Thomas Palley (Director, Open Society Institute) — Sovereign Debt Restructuring: What is the Problem? (PDF 71 kb).
    - Mr. Patrick Bolton (Professor, Princeton University).
- 10:45 a.m. — Coffee.
- 11:00 a.m. - 1:00 p.m. — Session 2: The Context and Content of the SDRM
  - Chair: Mr. Gerd Häusler (Counselor and Director, International Capital Markets Department, IMF).
  - Speakers:
    - Mr. Timothy Geithner (Director, Policy Development and Review Department, IMF).
    - Mr. Matthew Fisher (Assistant Director, Policy Development and Review Department, IMF).
    - Mr. Sean Hagan (Assistant General Counsel, IMF).
    - Mr. Mark Siegel (Managing Director, David L. Babson & Company Inc.).
    - Mr. Richard Gitlin (President, Gitlin & Company).
    - Mr. Agustín Carstens (Deputy Minister of Finance and Public Credit, Mexico).
- Lunch hosted by Mr. Horst Köhler (by invitation only) — IMF Gallery.
- 2:00 p.m. - 3:45 p.m. — Session 3: The Role of Creditors and the Fund under the SDRM; implications for the impact on capital markets
  - Chair: Mr. François Gianviti (General Counsel, IMF).
  - Speakers:
    - Mr. Donald Bernstein (Partner, Davis, Polk & Wardwell).
    - Mr. Mark Allen (Deputy Director, Policy Development and Review Department, IMF).
    - Mr. Andrew Yianni (Partner, Clifford Chance).
    - Mr. Lee Buchheit (Partner, Cleary, Gottlieb, Steen and Hamilton).
- 4:00 p.m. - 5:30 p.m. — Session 4: Ensuring Integrity in the Process: Verification, Dispute Resolution, and Sanctions
  - Chair: Mr. Jonathan Fried (Senior Assistant Deputy Minister, Finance, Canada).
  - Speakers:
    - Mr. François Gianviti (General Counsel, IMF).
    - Judge Burton R. Lifland (Chief Judge, US Bankruptcy Court, Southern District of New York).
    - Mr. Jernej Sekolec (Secretary, UN Commission on International Trade Law).
- 5:30 p.m. - 7:00 p.m. — Economic Forum: A New Approach to Sovereign Debt Restructuring: An IMF Proposal
  - Chair: Ms. Anne O. Krueger (First Deputy Managing Director, IMF).
  - Panelists:
    - Mr. Jack Boorman (Special Advisor to the Managing Director, IMF).
    - Ms. Stéphane Pallez (Vice-Chairperson Paris Club).
    - Ms. Ann Pettifor (Programme Coordinator, Jubilee Research).
    - Mr. Barry Herman (Chief, Finance & Development Branch, Department of Economic and Social Affairs, UN).
  - Accessibility: Economic Forum was open to the public, Auditorium R-710.

### Related IMF material referenced at the event
- Preliminary Agenda.
- Economic Forum: A New Approach to Sovereign Debt Restructuring: An IMF Proposal.
- Public Information Notice: IMF Board Discusses Possible Features of A Sovereign Debt Restructuring Mechanism — January 7, 2002.
- Speech: Sovereign Debt Restructuring: Messy or Messier? — January 4, 2002 — Anne O. Krueger, First Deputy Managing Director, IMF.
- Speech: Sovereign Debt Restructuring Mechanism - One Year Later — December 10, 2002 — Anne O. Krueger, First Deputy Managing Director, IMF.
- Public Information Notice: IMF Board Discusses Possible Features of a New Sovereign Debt Restructuring Mechanism — September 24, 2002.
- Sovereign Debt Restructuring Mechanism—Further Considerations — August 14, 2002.
- Proposals for a Sovereign Debt Restructuring Mechanism (SDRM)—A Factsheet.
- The IMF and the Private Sector—A Factsheet.
- More Information on Sovereign Debt Restructuring.
- IMF Seminars, Conferences, and Workshops.

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## Content in this bundle

- [Palleypdf (PDF)](/-/media/websites/imf/imported-events/external/np/exr/seminars/2003/sdrm/pdf/_palleypdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/ja/news/seminars/conferences/2016/12/31/sovereign-debt-restructuring-mechanism-sdrm-conference_