《新兴市场稳定资本流动和公平债务重组的原则》述评

《新兴市场稳定资本流动和公平债务重组的原则》(以下简称《原则》)是由一些新兴市场国家和以国际金融协会为首的国际私人债权人组织在2004年11月联合发布的。这一《原则》旨在促使发生债务危机的国家尽早恢复债务支付能力和确保国际资本向这些国家的稳定流动,其中主要涉及到透明度和信息流动、双方对话与合作、善意行动和债权人间公平待遇等基本原则。这些原则对于完善债务危机解决机制具有重要意义。

Comments on the Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets

The Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets,jointly published in November 2004 by several emerging market countries and some private creditor organizations represented by the Institute of International Finance,outline actions and behavior of private sector creditors and emerging market sovereign debtors to promote and maintain stable private capital flows to emerging market economies.There are four main principles,i.e.trans-parency and timely flow of information,debtor-creditor cooperation,good faith actions and fair treatment.These principles are of great importance to the perfection of the international debt crisis management system.