The Debt Burden: How to create a sustainable debt management framework. (Webinar)
March 29, 2021
The world is currently facing an unprecedented level of sovereign debt and debt is continuing to pile up. The state of sovereign borrowing was critical prior to the pandemic, with several countries already facing limited fiscal space and increasing levels of debt, but the situation has deteriorated, tipping some economies over the edge. In this seminar, the preliminary conclusions of a paper on good practices in sovereign borrowing were presented. The main topics covered were:
- The status and causes of the debt accumulation problem
- The importance of debt management as a preventative measure.
- Initiatives put in place to address the causes and consequences of the debt problem.
- How the lack of transparency has hindered accurate debt sustainability assessments and investment analyses.
- Policy lessons critical to successful debt management.
And the presentation of an academic research paper: «The Debt Burden: how to create a better debt management framework”
Legal Aspects of International Borrowing. (Research)
March 22-26, 2021
Good Practices in Sovereign Debt Borrowing. (Webinar)
February 22, 2021
The pandemic and the resulting collapse in economic activity 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, were 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 were been extensively scrutinized – and debt premia increased as a result – the importance of assessing the real need to incur new debts and to improve transparency in sovereign borrowing also increased. Recent debt scandals confirm that debts were sometimes wrongly incurred, or their purpose is not the appropriate one.
Legal Training Program. (Virtual)
October 19-22, 2020
DDebtCon: Distributed Interdisciplinary Sovereign Debt Research and Management Conference. (Virtual)
September 7-18, 2020
Collective Action Clauses: Argentina, Ecuador, and their Future. (Webinar)
September 1, 2020
In a major enhancement of the sovereign debt restructuring process, the G20 and International Monetary Fund endorsed collective action clauses developed by the International Capital Market Association in 2014. These included a ‘single limb’ clause which would potentially allow all creditors to be bound into a restructuring in a single vote. However, this clause was not used in the Argentinian and Ecuadorian restructurings.
Sovereign Debt Restructuring: From the Brady Plan to Ecuador. (Webinar)
July 30, 2020
How to Manage the Coming Sovereign Debt Crisis?. (Webinar)
June 10, 2020
Should Private Sector Debt Relief be Part of the Exit Strategy?. (Webinar)
May 19, 2020
In this «Rebuilding Macroeconomics» webinar on May 19, Rosa Lastra and Rodrigo Olivares-Caminal along with Alexander Douglas, Katharina Pistor and Franklin Allen look ahead to when the economy stabilizes, and firms and households have higher debt burdens.
Born Out of Necessity: A debt standstill for COVID-19. (Webinar)
May 7, 2020
In this webinar co-hosted by the London School of Economics (LSE) and the Centre for Economic Policy Research (CEPR) on May 7, Lee Buchheit, Mitu Gulati, and Ugo Panizza, along with Patrick Bolton, Pierre-Olivier Gourinchas, and Beatrice Weder di Mauro explain why low- and middle-income countries are particularly vulnerable, discuss what is at stake for the world economy, and present a mechanism to implement a debt standstill which would free significant resources to cover some of the more immediate costs of the COVID-19 crisis.
Development & Debt In Lower-Income Economies. (Webinar)
February 10, 2020
Anna Gelpern (Georgetown Law) moderated a conversation with Kristalina Georgieva (IMF Managing Director) and David Malpass (World Bank President) on the debt situation in lower-income economies.
Sovereign Debt Forum Launch.
November 13, 2019
Global Waves of Debt: Causes and Consequences (Book Launch)
December 19, 2019
Featuring conversation with David Malpass (Former World Bank President) and Kenneth Rogoff (Harvard University) as well as a panel discussion including Anna Gelpern (Georgetown Law).