• Gregory Makoff
  • Antonio Weiss


June 4, 2024, Opinion: "The need for any debt relief has often been contested, actual debt relief has been granted too slowly, and the required amount of relief has been disputed. Frustration with the Paris Club’s successor, the Common Framework, has triggered a search for alternatives.  While international policymakers and experts have proposed reforms of the Common Framework to speed up negotiations, civil society organisations identified the possibility of using legislation in the State of New York to improve outcomes. It’s in this context that, this week, the New York Senate is poised to pass a bill designed to support the orderly restructuring of sovereign debt."