Defusing Debt - Creating Comprehensive Solutions

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Defusing Debt - Creating Comprehensive Solutions

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Pradip Dey

Thank you all Panellists.....Stay safe, healthy and blessed
Tue, 10/13/2020 - 12:41
Torie Smith

President Malpass begins the second panel by asking Joyce Chang to share her thoughts about this debt cycle and what could be done to make it as beneficial for developing countries as possible.
Tue, 10/13/2020 - 12:42
Torie Smith

Higher emerging market debt is going to be one of the lasting legacies of the COVID-19 crisis, says Joyce Chang of J.P. Morgan. “We’re expecting an increase in emerging market debt levels of about 8.5 percentage points of GDP. That’s the largest single-year increase on record.”
Tue, 10/13/2020 - 12:42
Pradip Dey

Samagra Bharat - Saksham Bharat (Inclusive and Entrepreneurial India) of India: Social inclusion is pursued through universalizing access to nutrition, health, education, social protection, and developing capabilities for entrepreneurship and employment. Financial inclusion through Jan Dhan-Aadhaar-Mobile (JAM) trinity – near universal access to bank accounts aided by the Jan Dhan Yojana (National Financial Inclusion Scheme); Aadhaar card (National unique identity number) for over 90% of the population; and expansive access to mobile phones, has propelled new avenues of credit, insurance, and Direct Benefit Transfers (DBT) to the poor, including women, thereby accelerating their economic empowerment.
Tue, 10/13/2020 - 12:43
Torie Smith

China has surpassed the Paris Club countries and international financial institutions to become the largest new creditor to emerging market countries, especially some of the low-income economies, says Ms. Chang. “It’s very important that China, as a global creditor to the poorest countries is included in these discussions.”
Tue, 10/13/2020 - 12:44

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