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
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