High Risk of Debt Distress: Breaking the Impasse in Global Debt Restructuring
This World Bank debt conference brings together researchers, policymakers, and practitioners to reflect on the latest developments in sovereign debt markets and discuss possible solutions to the developing country sovereign debt crisis. The first session, "Debt Sustainability," moderated by President Malpass, will feature Carmen M. Reinhart, Pablo Saavedra, and Jeromin Zettelmeyer, who will discuss the old and new challenges of sovereign debt sustainability: How can overoptimism bias be avoided? How can the accuracy and completeness of the underlying debt data be ensured? And how should rising domestic debt stocks and climate-related risks be incorporated into the analysis? The second panel, "Debt Distress and Restructurings," moderated by Indermit S. Gill, will feature Laura Alfaro, Lee C. Buchheit, and Ceyla Pazarbasioglu, invited to share their views on debt restructurings as a prerequisite for economic recovery. Learn more: http://wrld.bg/IfEU50NP9m3
00:00 Welcome
00:50 Remarks by David R. Malpass, President, World Bank Group
07:17 Debt sustainability: Overview and panel discussion
1:05:00 Live Q&A | Debt sustainability
1:24:34 Debt Distress and Restructurings: Introduction, overview, and panel discussion
2:21:27 Live Q&A | Debt Distress and Restructurings
2:42:26 Closing remarks by Indermit Gill, Chief Economist of the World Bank Group
2:55:56 Closing remarks by David R. Malpass, President, World Bank Group
ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org