R18: Restructuring foreign debt

I would suggest this resolution be reworded to show clearly that this is a global issue, actionable in all countries, and not just an Argentinian issue particular to Argentina.

The "Reason" section was deleted in the review process. It's important for context:

The Green Party of Argentina proposes a resolution for the reconversion of the foreign debt of Argentina, based on a new financial and economic imperative: Climate and Environment, aligned with compliance with the Paris Agreement and the 2030 Agenda.

We believe that it is time to present a new negotiation proposal, regarding the payment of the debt, having as a reference the exchange of disbursements, for specific projects in the production of alternative energies and environmental sanitation. And that it is absolutely necessary to include in the technical foundations, not only those of an economic-financial nature, but at the same level of importance, the foundations of the fight against climate change and for this we need the support of the Green Parties at a global level.

Taking into account that:

Argentina and the planet are in a state of environmental and climatic emergency. The "environmental emergency" is not a metaphor, it is felt, seen and, above all, millions of people suffer it in the form of floods, droughts, fires, air pollution and water courses, which make people sick, especially children, girls and people with fewer resources. Also the lack of sewers and drinking water suffered by millions of Argentines, throughout the country, affect their health and quality of life.
Argentina has historical levels of poverty. According to the National Institute of Statistics and Censuses (INDEC) in the second semester of last year, poverty was 39.2% and indigence 8.1%. These percentages imply that in Argentina there are 18,679,605 poor and 3,859,816 million indigent; this figure arises from an extrapolation of the number of urban conglomerates registered by INDEC to the entire country and allows a more precise measurement of the phenomenon of poverty in areas not covered by official statistics. Which indicates that at this moment we are over 50% of Argentines immersed in poverty, in a country that is around 10% monthly inflation.
The protection of forests, essential to face the consequences of climate change, does not have the budget assigned by law, governments successively fail to comply with environmental laws. The result is that Argentina holds the 9th position among the 234 countries that take the least care of their forests, according to the index published by the Food and Agriculture Organization of the United Nations. The loss of our forests and wetlands mainly at the hands of the growing soybean production and the expansion of livestock and real estate, with record fires in the country, which consumed more than 450,000 hectares in 14 provinces and emitted 3,427,563 tons of CO2.
Our country is strongly affected by the consequences of Climate Change due to its geographical position, its coastline of almost 7,000 km, and our hyper-concentrated population in the humid Pampas, where extreme climatic phenomena -floods and droughts- are already evident. The impoverishment of the soil, the rise in sea levels, the degradation of the coasts, the desertification of large areas, the water crises in the center and NOA, the floods and droughts of the NEA, the loss of large masses of glaciers, the appearance of diseases linked to waves of intense heat and the impact that all this causes in health systems, which generate economic losses of more than 1% of GDP per year.
The economy is declining and the existing funds are earmarked for extractivism and not for the care of natural assets and the environment.
We know that the external debt, in the current environmental, social and economic conditions of Argentina, is not payable.

The credit granted to Argentina by the International Monetary Fund, which constitutes the origin of an ascending spiral speculation, which is reiterated in numerous indebted developing countries and resulted in the omission of the duty to conserve and make rational use of nature in benefit of future generations, with the aggravating circumstance that it was a factor in the destruction of forests, pollution and acceleration of global warming.

Investing in the protection of our ecosystems must be the priority to guarantee the benefits of our natural assets for our people in the fight against poverty, increase resilience in the face of natural disasters, make our external
commitments sustainable and guarantee our access to credit.

There is a possible debt renegotiation scheme on environmental grounds. Argentina can indirectly repurchase its debt with assets denominated in local currency, through the sponsorship of conversion programs with third parties that have foreign currency.

The fight against climate change requires justice and equity of creditors and debtors. There is no doubt that the world and we need to create a fundamental, radical response towards equitable, viable social and economic development.

Please add Brazil to this Resolution