In Partnership with the International Economic Association
The Working Paper is part of a joint initiative between the International Economic Association (IEA) and the Finance for Development Lab (FDL) that proposes to explore how to improve debt negotiation processes.
“A better balance between the structural agenda and the macro targets is crucially needed.” Reza Baqir
“Rather than ask the debtor to secure financing assurances, why don’t the IFIs and bilaterals negotiate directly, for example in DC, where the debtor is also represented at the Boards of the Bretton Woods institutions?” Reza Baqir
“The idea of new financing to be sufficient to cope with insolvency is an old one (e.g. bridge loans in the 1980s). (...) Unfortunately, the climate agenda might end up on the back burner given that there are so many other competing urgent social needs.” Carmen Reinhart
“We need to find a way to remove geopolitical considerations from debt restructuring processes.” Shanta Devarajan
MODERATOR
Jeromin Zettlemeyer
Bruegel
SPEAKERS:
Reza Baqir
Harvard University
Ishac Diwan
Finance For Development Lab
Dani Rodrik
Harvard University
DISCUSSANTS:
Simon Cueva
Universidad Internacional del Ecuador
Shanta Devarajan
Georgetown University
Celestin Monga
Harvard University
Carmen Reinhart
Harvard University