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SUMMARY:Sixth Annual Sovereign Debt Restructuring Conference
DESCRIPTION: \n\nIn the post-COVID environment\, the number of debt-distres
 sed countries\nhas increased\, and several are in default (Chad\, Sri Lank
 a\, Suriname\,\nand Zambia). Despite developing policy initiatives to addr
 ess\nLow-Income Countries (LICs) defaults and help with efficient debt\nre
 structuring processes\, resolving these countries’ debt episodes\nhas be
 en slow and ad hoc so far. Until now\, defaults occurred under a\nrelative
 ly low global interest rate environment and benign US dollar\nlevels. Risi
 ng interest rates and the strengthening of the US dollar\nmay create condi
 tions that accelerate sovereign debt restructurings\,\nparticularly of LIC
 s.\n\nThis conference\, now in its sixth year\, intends to shed some light
  on\nissues of preparedness of sovereign debt stakeholders of countries as
 \nthe economic climate is changing and will debate options based on\nviews
  of prominent policy makers\, private creditors\, and members of\nmultilat
 eral organizations. We invite you to join us with Drexel\nUniversity’s L
 eBow College of Business on Thursday\, February 23\,\n2023.\n\n**Agenda 8:
 30 – 9:00 a.m. | Registration\n\n**9:00 – 9:05 a.m. | Welcoming Remark
 s\n\nGeorge Tsetsekos\, Francis Professor of Finance and Dean Emeritus\nDr
 exel’s LeBow College of Business\n\n**9:05 – 10:05 a.m. | Session I\n\
 n * Trends and Developments in Global Debt and Sovereign Debt\nRestructuri
 ng: Mark Flanagan\, Deputy Director of the Strategy\, Policy\,\nand Review
  Department\, International Monetary Fund\n * Legal Policies in the IMF So
 vereign Debt Restructuring Framework\nand Issues in Debt Resolution: Yan L
 iu\, Deputy General Counsel in the\nLegal Department\, International Monet
 ary Fund\n * Credit Rating Agencies’ Overview of Debt and Recent Soverei
 gn\nDebt Restructurings: Elena Duggar\, Managing Director – Chief Credit
 \nOfficer Americas\, and Chair of Macroeconomic Board\, Moody’s\nInvesto
 rs Service\n\n**10:05 – 10:50 a.m. | Session II\n\nIs the Prevailing Sov
 ereign Debt Restructuring Architecture Adequate\nfor Facing Current and Fu
 ture Restructuring Challenges? DeLisle\nWorrell\, Former Governor of the C
 entral Bank of Barbados\n\n**10:50 – 11:00 a.m. | Break\n\n**11:00 – 1
 1:45 a.m. | Session III\n\nIdentifying Market Issues in Recent Sovereign D
 ebt Restructurings:\nThor Jonasson\, Deputy Division Chief\, Debt Capital 
 Markets Division\,\nInternational Monetary Fund James Knight\, Senior Fina
 ncial Sector\nExpert\, International Monetary Fund Analytical Aspects of S
 overeign\nDebt Restructurings: Tamon Asonuma\, Economist in the Strategy P
 olicy\nand Review Department\, International Monetary Fund\n\n**11:45 – 
 11:55 a.m. | Break\n\n**11:55 a.m. – 12:55 p.m. | Session IV\n\nInvestor
 s’ Considerations in View of Recent Debt and Sovereign Debt\nRestructuri
 ng Developments: Federico Sequeda\, Head of Country Research\n& Portfolio 
 Manager\, Morgan Stanley Investment Management Challenges\nin Handling Sov
 ereign Debt Restructurings: Liam Localio\, Managing\nDirector\, Farallon C
 apital Management Approaches in Advising Sovereign\nDebtors and Creditors 
 during Sovereign Debt Restructurings: Rafael\nMolina\, Managing Partner\, 
 Newstate Partners\n\n**12:55 – 1:00 p.m. | Concluding Remarks\n\nMichael
  G. Papaioannou\, TA Expert Advisor\, International Monetary Fund\nand Sen
 ior Visiting Scholar and Professor\, LeBow College of Business\,\nDrexel U
 niversity\n 
DTSTART:20230223T140000Z
DTEND:20230223T200000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, TBD\, Philadelphia\, PA
  19104
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