Chapter 9/11? Resolving international debt crises -- the Jubilee Framework for international insolvency

The Jubilee Framework has evolved as a result of debate, over many years, in both the north and the south on the most appropriate and most democratic mechanism for resolving debt crisis.
The debate has focused on whether Chapter 9 of the US legal code (which applies to governmental organisations like municipalities) or Chapter 11 (which applies to corporations) is the appropriate model.
The report briefly examines the situation in Argentina, and the corresponsability of both creditors and debtors for the crisis. This report shows that, contrary to the assertion of Ms Kreuger of IMF, the Jubilee Framework could be put in place immediately to resolve the crisis in Argentina