The overarching goal of the Project is to promote enhanced responsibility of the parties involvedin sovereign lending and borrowing and more generally in sovereign debt governance. The Projectoffers to complete this objective by reinforcing sovereign debt regulatory and institutionalframeworks of countries supporting the UNCTAD initiative on Sovereign Responsible Financing,through capacity building and raising awareness among stakeholders.The Project will be implemented through a series of activities in which beneficiary countries willbe led to identify and fill the gaps in their regulatory and institutional framework in regard tosovereign debt governance and, in particular, the prevention and management of debt crises.These activities will entail practical workshops, policy advice to national policy makers and thepublication of a final report on the policies and measures adopted by beneficiary countriesfollowing the workshop and study tour.The Project will build on its existing relationships with regional banks (e.g. the Asian DevelopmentBank) and the UNDP to obtain assistance with the organisation of workshops at the regional level.UNCTAD also developed a good partnership with INTOSAI with regard to the incorporation of thePrinciples in International Auditing Standards. This partnership may lead to holding jointworkshops. In addition, the partners will provide inputs such as contacts, technical support andbackground documents.The Project addresses problems jointly identified by UNCTAD and an increasing amount ofcountries dealing with social and economic damages caused by debt crises and by a lack ofefficient regulatory and institutional settings in place to mitigate these damages.