Public debt is rising in both emerging markets and low income developing countries to levels not seen since the early 1980s. Forty percent of low income developing countries are now either in debt distress or at high risk of default. At the same time, corporate debt in emerging markets is also exceeding historical levels. This situation calls for new efforts within developing countries and the international community to contain vulnerabilities rising from these increasing levels of debt.
Taking on debt is one of the ways in which countries can finance much needed investments in infrastructure, human capital, or public works. Good debt management is critical for these investments to be successful. At the event Debt: Challenges Ahead, panelists will discuss the complexities of global public debt, assess how debt is being managed in developing countries, and offer ideas as to how countries can cope with changes in the global economy. Join live to pose your questions as they discuss at the World Bank-IMF Annual Meetings in Bali.
Mary and Robert Raymond Professor of Economics, Stanford University
Chief International Correspondent for Southeast Asia, Bloomberg
Managing Director of Lazard, Sovereign Advisory Group