Rising interest rates and slowing global growth are tipping a growing number of countries into debt crises. Yet global initiatives to help countries overcome these vulnerabilities have proved insufficient. Debt transparency remains inadequate. These vulnerabilities are making it harder for many developing economies to recover from the setbacks of the past three years. This event aims to explore what they can do to avoid debt crises and generate growth at a time when public-debt levels are at 50-year highs. It will bring together academic experts, policymakers from developing economies, and private-sector representatives to discuss potential solutions. Learn more: wrld.bg/FBxk50NEk1X #ReshapingDevelopment
SPEAKERS
- David R. Malpass, President of the World Bank Group
- Tina Vandersteel, Head of Emerging Country Debt, GMO
- Raghuram Rajan, Professor of Finance, University of Chicago's Booth School
- Ahmed Shide, Minister of Finance, Ethiopia
- Nigel Clarke, Minister of Finance and the Public Service, Jamaica
- Host: Paul Blake, External Affairs Officer, World Bank Group
AGENDA
00:00 Welcome
01:09 Opening remarks by David Malpass, World Bank Group President
02:54 Debt context for the world
09:00 Debt restructuring process in Ethiopia
14:00 Debt Sustainability Analyses / Financing assurances
19:41 The case of Jamaica in tackling debt
28:43 Debt restructuring process: How to make it go faster
35:21 Monetary and fiscal policy in Ethiopia
41:04 Investments and rating agencies
44:33 Innovative tools in financial interaction / Diversifying risk
49:31 Live Q&A: Inflation and debt / The impact of climate change
58:28 Closing remarks
ABOUT THE SPRING MEETINGS The World Bank Group - IMF Spring Meetings present a unique opportunity for all to join central bankers, ministers, private sector executives, civil society representatives, youth leaders, academics, and others to discuss the most pressing challenges facing our world today and how we can best respond to these to promote growth, equity, and prosperity for all. Learn more: wrld.bg/fp8H50Nt8q6 #WBGIMFmeetings
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. www.worldbank.org