The African Forum and Network on Debt and Development (AFRODAD) welcomes the historic adoption by the UN General Assembly of the G77 + China draft resolution, “A/68/L.57/Rev2: Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes.” The Resolution voted on the 9th of September 2014, was passed with a large majority; 124 UN Member States voted in favour, 41 abstained, and only 11 voted against. The UN has a membership of 193 countries. The vote gives UN member states a mandate to work towards an open and inclusive intergovernmental framework for sovereign debt restructuring.