Fourth Annual Sovereign Debt Restructuring Conference: Sovereign Debt, Restructuring, and Risk Management in the Post-COVID-19 Era

Date: Friday, February 26, 2021
Virtual Event

Event Detail

Fourth Annual Sovereign Debt Restructuring Conference: Sovereign Debt, Restructuring, and Risk Management in the Post-COVID-19 Era

The unprecedented contraction in global economic activity from the COVID-19 pandemic drew decisive domestic fiscal and monetary policy measures to ameliorate demand and supply implications, reduce systemic risks, and maintain financial stability. However, medium-term vulnerabilities have risen because of these measures. In particular, sovereign and corporate debt levels have increased amid massive fiscal stimulus spending, contributing to explosive debt accumulation in advance economies, emerging markets, and low-income countries. As a result, issues of risk and sustainability have emerged. The increase in public debt necessitates the development of careful debt management strategies to avoid risks and debt distress situations that could lead to sovereign debt restructurings. This conference will address issues of debt management, sovereign debt, and restructurings in the context of emerging risks in the global economy and provide tangible recommendations in managing debt and dealing with debt resolutions in case of emerging preemptive defaults or post-default situations. 

Conference Co-Chairs:

  • Michael G. Papaioannou, Ph.D., Expert Advisor, International Monetary Fund
  • George Tsetsekos, Ph.D., GIC Secretary, Francis Professor of Finance and Dean Emeritus at LeBow’s College of Business at Drexel University

 

Agenda

Welcoming Remarks

  • George Tsetsekos, Ph.D., Francis Professor of Finance and Dean Emeritus at LeBow’s College of Business at Drexel University
  • Vibhas Madan, Ph.D., Dean, LeBow College of Business at Drexel University

Program Overview

  • Michael G. Papaioannou, Ph.D., Expert Advisor, International Monetary Fund

Debt Management Response

  • Thordur Jonasson, Deputy Division Chief, International Monetary Fund
  • James Knight, Senior Financial Sector Expert, International Monetary Fund

Credit Rating Perspective

  • Elena Duggar, Chair of Macroeconomic Board, Moody’s Investors Service

Financial Advisor Perspective

  • Rafael M. Molina, Managing Partner, Newstate Partners

Global Initiatives on Low-Income-Countries

  • Tamon Asonuma, Economist in the Strategy Policy and Review Department, International Monetary Fund

Market Perspective

  • Federico Sequeda, Vice President, Eaton Vance Management

Audience Q&A

Closing Remarks

  • Michael G. Papaioannou, Ph.D., Expert Advisor, International Monetary Fund

 

Click here for the video replay.

 

Detailed webinar instructions and materials available upon registration. 

 


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Event Location

Date: Friday, February 26, 2021 Time: 12:00 PM - 2:00 PM

Location: Virtual Event

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Speakers

Tamon Asonuma

Tamon Asonuma

Economist in the Strategy Policy and Review Department, International Monetary Fund

Tamon Asonuma is an Economist in the Strategy Policy and Review Department of the IMF. Since joining the IMF on September 2010, he has spent most of times in Research Department and Strategy Policy and Review Department.

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Elena Duggar

Elena Duggar

Chair of Macroeconomic Board, Moody’s Investors Service

Elena Duggar is the Chair of Moody’s Macroeconomic Board, which determines the macroeconomic outlook and a consistent set of forecasts to incorporate in the rating process and research across regions and sectors throughout the rating agency. Elena manages the macro forecasting process, forecast dissemination across rating groups, training and analyst hotline, and internal and external outreach on macro credit topics.

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Thordur Jonasson

Thordur Jonasson

Deputy Division Chief, International Monetary Fund

Mr. Thordur Jonasson is a Senior Financial Sector Expert in the Monetary and Capital Markets Department of the IMF. Prior to joining the IMF, he was a Sr. Securities Markets Specialist in the Global Capital Markets Practice of the World Bank working on developing public and private debt markets and participating in the Financial Sector Assessment Program (FSAP).

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James Knight

James Knight

Senior Financial Sector Expert, International Monetary Fund

James Knight is a Senior Financial Sector Expert in the Debt Capital Markets division, Monetary and Capital Markets department, of the IMF. Prior to joining the IMF in 2017, he was Head of Investor Research at the UK Debt Management Office (DMO), where he worked for over 15 years in policy and research.

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Vibhas Madan, Ph.D.

Vibhas Madan, Ph.D.

Dean, LeBow College of Business at Drexel University

Vibhas Madan, PhD, professor of economics, was appointed dean of Drexel University’s LeBow College of Business in December 2020 after serving as interim dean since November 2019. He joined the Dean’s Office in July 2018 as senior associate dean for academic programs. Prior to that, he served as the head of the Economics Department and then as the founding director of the School of Economics, which was launched as a new school within the College in 2013.

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Rafael M. Molina

Rafael M. Molina

Managing Partner, Newstate Partners

Rafael has over 18 years of experience assisting sovereign and sub-sovereign clients implement liability and risk management strategies aimed at optimising debt service profiles.  In recent years Rafael has worked closely with the Authorities in Antigua and Barbuda, Barbados, Iraq and Liberia in addressing rising public-sector debt challenges. 

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Michael G. Papaioannou, Ph.D.

Michael G. Papaioannou, Ph.D.

Expert Advisor, International Monetary Fund

Dr. Michael G. Papaioannou serves as an Expert Advisor at the International Monetary Fund and is a Visiting Scholar and Professor at the LeBow College of Business, School of Economics, Drexel University.

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Federico Sequeda

Federico Sequeda

Vice President, Eaton Vance Management

Federico Sequeda is a vice president of Eaton Vance Management and a portfolio manager on Eaton Vance’s Global Team. He is responsible for buy and sell decisions and portfolio construction across the entire sovereign space since 2018.

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George Tsetsekos, Ph.D.

George Tsetsekos, Ph.D.

Francis Professor of Finance and Dean Emeritus at LeBow’s College of Business at Drexel University

Dr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.

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Partners

Drexel University LeBow College of Business