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September 26, 2014

U.S. loses another UN "human rights" vote, on how to avoid repaying loans owed to Western states

On September 26, 2014 the UN Human Rights Council adopted a resolution on foreign debt. The push for the resolution came from states with some of the world's worst human rights situations, like Algeria, China, Cuba, Lebanon, Pakistan, Russian Federation, China, Saudi Arabia, UAE and Venezuela.

The point was to claim "foreign debt and other related international financial obligations of States" hurt "the full enjoyment of all human rights, particularly economic, social and cultural rights." According to the resolution, "the unjust nature of the current system... directly affects the enjoyment of human rights in debtor States " and "Encourages all States to participate in the negotiations aimed at establishing a multilateral legal framework for sovereign debt restructuring processes."

The text was adopted - against American wishes - by an overwhelming number of Council members. There were 33 votes in favor, 9 abstentions and 5 against (the U.S., the U.K., Czech Republic, Germany, Japan).
Date
September 26, 2014
Title
"Effects of foreign debt on the full enjoyment of human rights, particularly economic, social and cultural rights: the activities of vulture funds," UN Human Rights Council Resolution, A/HRC/27/L.26
Attachment
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Date Title
9/26/2014 Voting record on "Effects of foreign debt on the full enjoyment of human rights, particularly economic, social and cultural rights: the activities of vulture funds"
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