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Add to Calendar 2021-03-04 10:00 2021-03-04 11:00 America/New_York World Bank Live - Corporate Debt in Developing Countries Series: Managing a Rising Threat to Global Recovery

The scale and scope of the COVID-19 economic crisis has delivered an unprecedented shock to the global economy with impacts on firms’ credit and the financial sector. This conversation between David Malpass, President of the World Bank Group; Carmen Reinhart, Vice President and World Bank Group Chief Economist; and Raghuram Rajan, Co-Chair of the G30 Working Group on Corporate Sector Revitalization, will examine how prepared emerging markets and developing economies are to handle rising credit default risks and how to better target scarce resources. The discussion will cover the most urgent needs, and which institutions are best placed to take action.

Join us for the live conversation on March 4.
Be sure to sign up for an email reminder!


Corporate Debt in Developing Countries: Preparing for the Worst and Hoping for the Best

The COVID-19 pandemic has disrupted activity of many companies including those with otherwise healthy businesses. The disruption has affected their ability to service their debts, with growing potential for a wave of credit defaults, insolvencies, bankruptcies and layoffs as the crisis wears on. This World Bank Group's series of public events is intended to improve understanding and explore solutions for heading off this rising threat to economic recovery. We are bringing together public and private sector stakeholders to discuss the state and outlook of firms’ financial health in developing countries and the regulatory regimes affecting the restructuring of private-sector debt for businesses.

View Event: https://live.worldbank.org/corporate-debt-developing-countries-series-managing-rising-threat-global-recovery%3Fintcid%3DECR_CA_WBLCalendar_EN_EXT
World Bank Live [email protected]

Corporate Debt in Developing Countries: Managing a Rising Threat to Global Recovery

March 4th, 2021 | 10am ET

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The scale and scope of the COVID-19 economic crisis has delivered an unprecedented shock to the global economy with impacts on firms’ credit and the financial sector. This conversation between David Malpass, President of the World Bank Group; Carmen Reinhart, Vice President and World Bank Group Chief Economist; and Raghuram Rajan, Co-Chair of the G30 Working Group on Corporate Sector Revitalization, will examine how prepared emerging markets and developing economies are to handle rising credit default risks and how to better target scarce resources. The discussion will cover the most urgent needs, and which institutions are best placed to take action.

Join us for the live conversation on March 4.
Be sure to sign up for an email reminder!


Corporate Debt in Developing Countries: Preparing for the Worst and Hoping for the Best

The COVID-19 pandemic has disrupted activity of many companies including those with otherwise healthy businesses. The disruption has affected their ability to service their debts, with growing potential for a wave of credit defaults, insolvencies, bankruptcies and layoffs as the crisis wears on. This World Bank Group's series of public events is intended to improve understanding and explore solutions for heading off this rising threat to economic recovery. We are bringing together public and private sector stakeholders to discuss the state and outlook of firms’ financial health in developing countries and the regulatory regimes affecting the restructuring of private-sector debt for businesses.

  • The scale and scope of the COVID-19 economic crisis has delivered an unprecedented shock to the global economy with impacts on firms’ credit and the financial sector. This conversation with Raghuram Rajan, Co-Chair of the G30 Working Group on Corporate Sector Revitalization, will examine how prepared emerging markets and developing economies are to handle rising credit default risks and how to better target scarce resources. The discussion will cover the most urgent needs, and which institutions are best placed to take action.

    Speakers: David Malpass, Carmen Reinhart, Raghuram Rajan

    Date and time: March 4, 2021; 10-11 AM ET

  • This high-level panel discussion will look at the experiences and challenges experienced by senior policymakers in developing countries. Panelists will examine the conditions for preserving value in corporate restructurings and how countries are adapting legal and regulatory structures to the COVID-19 crisis, including insolvency and out-of-court workout mechanisms. They will discuss what has worked and what has not, as well as what is still needed to ensure that viable businesses can restructure and that those that need to exit the market can do so efficiently.

    Speakers: TBD

    Date and time: March 19, 2021; 9-10 AM ET

Speakers

David R. Malpass, President of the World Bank Group

President, World Bank Group

Vice President and World Bank Group Chief Economist

Vice President and World Bank Group Chief Economist

Professor of Finance, University of Chicago

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