Fourth Annual Sovereign Debt Restructuring Conference: Sovereign Debt, Restructuring, and Risk Management in the Post-COVID-19 Era
Date: Friday, February 26, 2021
Virtual Event
Complimentary video replay is available!
Presentation DocumentsEvent Detail
Fourth Annual Sovereign Debt Restructuring Conference: Sovereign Debt, Restructuring, and Risk Management in the Post-COVID-19 Era
The unprecedented contraction in global economic activity from the COVID-19 pandemic drew decisive domestic fiscal and monetary policy measures to ameliorate demand and supply implications, reduce systemic risks, and maintain financial stability. However, medium-term vulnerabilities have risen because of these measures. In particular, sovereign and corporate debt levels have increased amid massive fiscal stimulus spending, contributing to explosive debt accumulation in advance economies, emerging markets, and low-income countries. As a result, issues of risk and sustainability have emerged. The increase in public debt necessitates the development of careful debt management strategies to avoid risks and debt distress situations that could lead to sovereign debt restructurings. This conference will address issues of debt management, sovereign debt, and restructurings in the context of emerging risks in the global economy and provide tangible recommendations in managing debt and dealing with debt resolutions in case of emerging preemptive defaults or post-default situations.
Conference Co-Chairs:
- Michael G. Papaioannou, Ph.D., Expert Advisor, International Monetary Fund
- George Tsetsekos, Ph.D., GIC Secretary, Francis Professor of Finance and Dean Emeritus at LeBow’s College of Business at Drexel University
Agenda
Welcoming Remarks
- George Tsetsekos, Ph.D., Francis Professor of Finance and Dean Emeritus at LeBow’s College of Business at Drexel University
- Vibhas Madan, Ph.D., Dean, LeBow College of Business at Drexel University
Program Overview
- Michael G. Papaioannou, Ph.D., Expert Advisor, International Monetary Fund
Debt Management Response
- Thordur Jonasson, Deputy Division Chief, International Monetary Fund
- James Knight, Senior Financial Sector Expert, International Monetary Fund
Credit Rating Perspective
- Elena Duggar, Chair of Macroeconomic Board, Moody’s Investors Service
Financial Advisor Perspective
- Rafael M. Molina, Managing Partner, Newstate Partners
Global Initiatives on Low-Income-Countries
- Tamon Asonuma, Economist in the Strategy Policy and Review Department, International Monetary Fund
Market Perspective
- Federico Sequeda, Vice President, Eaton Vance Management
Audience Q&A
Closing Remarks
- Michael G. Papaioannou, Ph.D., Expert Advisor, International Monetary Fund
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Event Location
Speakers
Tamon Asonuma
Economist in the Strategy Policy and Review Department, International Monetary FundTamon Asonuma is an Economist in the Strategy Policy and Review Department of the IMF. Since joining the IMF on September 2010, he has spent most of times in Research Department and Strategy Policy and Review Department.
Elena Duggar
Managing Director - Chief Credit Officer Americas, and Chair of Macroeconomic Board, Moody’s Investors ServiceElena Duggar is Moody’s Chief Credit Officer for the Americas, and a Managing Director in the Credit Strategy & Research team. Elena is also the Chair of Moody’s Macroeconomic Board, which sets the global macroeconomic forecasts underpinning Moody’s universe of ratings.
Thordur Jonasson
Deputy Division Chief, Debt Capital Markets Division, International Monetary FundMr. Thor Jonasson is a Deputy Division Chief in the Debt Capital Markets Division in the IMF Monetary and Capital Markets Department.
James Knight
Deputy Division Chief, Institute Training Program, International Monetary FundJames Knight is Deputy Division Chief in the Institute for Capacity Development’s Institute Training Program division, where he oversees the IMF’s Online Learning program. He previously worked in the Monetary and Capital Markets department in the Debt Capital Markets division. Prior to joining the IMF in 2017, he was Head of Investor Research at the UK Debt Management Office (DMO), where he worked for over 15 years in policy and research.
Vibhas Madan, Ph.D.
Dean, LeBow College of Business at Drexel UniversityVibhas Madan, PhD, professor of economics, was appointed dean of Drexel University’s LeBow College of Business in December 2020 after serving as interim dean since November 2019. He joined the Dean’s Office in July 2018 as senior associate dean for academic programs. Prior to that, he served as the head of the Economics Department and then as the founding director of the School of Economics, which was launched as a new school within the College in 2013.
Rafael M. Molina
Senior Managing Director, Newstate Partners LLPRafael has 25 years of experience advising a wide range of clients on finance related matters, including liability management strategies aimed at optimizing debt service profiles and yield curves, enhancing risk management practices, and the financing of sustainable infrastructure projects.
Michael G. Papaioannou, Ph.D.
TA Expert Advisor, International Monetary Fund and Senior Visiting Scholar and Professor, LeBow College of Business, Drexel UniversityDr. Michael G. Papaioannou serves as a TA Expert Advisor at the International Monetary Fund and is a Visiting Scholar and Professor at the LeBow College of Business, School of Economics, Drexel University.
Federico Sequeda
Head of Country Research & Portfolio Manager, Morgan Stanley Investment ManagementFederico is the head of Country Research and a portfolio manager on the Emerging Markets team at Morgan Stanley Investment Management. He oversees the country research process and is responsible for buy and sell decisions, portfolio construction and risk management for the team’s emerging markets strategies.
George Tsetsekos, Ph.D.
Francis Professor of Finance and Dean Emeritus Drexel’s LeBow College of BusinessDr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.
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