Debt in emerging market and developing economies has surged to a record high since the outbreak of COVID-19, but new analysis from the World Bank Group shows that the global and country-by-country systems for tracking it are proving to be grossly inadequate. Join the live discussion!

On April 7th, the World Bank invited several leading experts to explore perspectives on a new global financial architecture for debt. Speakers discussed lessons from past restructuring efforts, the private sector’s role, and the increased need for debt transparency.

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. James Sprayregen, Restructuring Partner, Kirkland & Ellis Reza Baqir, Governor, State Bank of Pakistan Hal S. Scott, Emeritus Nomura Professor of International Financial Systems at Harvard Law School Rosa Sacre, Managing Director of Société Générale’s Asset Recovery and Restructuring Management team Ramiro Alfonsín, Chief Financial Officer of LATAM Airlines Group Makhtar Diop, Managing Director and Executive Vice President, IFC Stephanie von Friedeburg, Senior Vice President, Operations, International Finance Corporation Join us ...