“Good Practices in Sovereign Debt Borrowing” Monday 22 February 2021, 4PM GMT, Online Event

“Good Practices in Sovereign Debt Borrowing” Monday 22 February 2021, 4PM GMT, Online Event

Good Practices in Sovereign Debt Borrowing 

About this Event

Date: Monday 22 February 2021
Time: 4PM GMT
Location: Online Event 

The pandemic and the resulting collapse in economic activity have significantly increased the risk of debt distress in many countries, especially the poorest ones. A number of initiatives, notably the G20 debt relief for the world’s poorest countries, have been unveiled to avert instances where servicing existing debt would compound and constrain those countries’ response to the crisis.   As the debt position of many countries and its long-term sustainability have been extensively scrutinised – and debt premia have increased as a result – the importance of assessing the real need to incur new debts and to improve transparency in sovereign borrowing has been also recognised. Several recent debt scandals confirm that debts sometimes are wrongly incurred, or the purpose of their use is not the appropriate one. The G20 have stressed the importance of transparency (G20 Operational Guidelines for Sustainable Financing) while the Institute of International Finance has recently published a set of voluntary principles to improve transparency in sovereign debt markets (IIF Principles for Debt Transparency).   It is clearly important to deal with debt ex-post and ensure that countries are able to manage their debt and mitigate the risk of facing distress situations. This issue that has been evident through several crisis and restructuring situations, the most recent ones being Argentina and Ecuador. It is, however, equally important to deal with debt ex-ante; this means assessing whether and at which conditions countries should incur in debt obligations. Focusing on debt resolution will only deal when the problems as they occur but it will not attempt to tackle the source of the problem: it cures rather than prevents.   This webinar is co-hosted by the Institute for Global Law Economics and Finance (IGLEF) and the Global Policy Institute (GPI), both of Queen Mary University of London. Join us on 22nd February at 4PM (GMT) for a panel discussion.

  Register here >>
Speakers

Barry Eichengreen – Professor in Economics and Political Science (University of California Berkeley)
 
Anne O. Krueger – Former Chief Economist (World Bank) and Managing Director (IMF)
W. Gyude Moore – Senior Policy Fellow (Center for Global Development)
Rodrigo Olivares-Caminal – Professor in Banking & Finance Law (Centre for Commercial Law Studies, Queen Mary University)

Paola Subacchi – Professor in International Economics (Global Policy Institute, Queen Mary University of London)

  Register here >>
Copyright © 2021 CCLS, Queen Mary University of London, All rights reserved.

Our mailing address is: CCLS Events Team, Centre for Commercial Law Studies, Queen Mary University of London, 67-69 Lincoln’s Inn Fields, London WC2A 3JB

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