Year: 2020

Prof. Rym Ayadi, Professor at The Business School (formerly Cass) and President of EMEA, and Prof. Emilios Avgouleas, Chair International Banking Law and Finance, University of Edinburgh, member of the Sovereign Debt Group of FMLC, and member of EMEA Advisory Board, were invited at the Sovereign Debt Scoping Forum of the Financial Markets Law Committee…

Amidst calls for debt relief to mitigate the socioeconomic consequences of COVID-19 in Africa, debt transparency has become an even more pressing issue, in view of the recent wave of debt suspensions under the Debt Service Suspension Initiative (DSSI) and calls for Private Sector Involvement (PSI). This paper assesses the key risks stemming from debt…

The focus of the webinar was to discuss the role of debt transparency in reforming the international debt architecture. The discussion was Africa specific and tackled issues such as sovereign defaults and debt relief measures, the role of the international organisations (e.g. IMF and the EU), the private sector and the potential path towards debt…

This policy paper proposes the introduction of a variable remuneration component for debt managers in Sub-Saharan Africa and other less developed countries characterised by relatively underdeveloped institutional capacity and governance standards. The aim is to improve debt management outcomes and public debt transparency by aligning the interests of decision makers with those of the public.…

The focus of the webinar is to discuss the role of debt transparency in reforming the international debt architecture. The discussion will be Africa specific and tackle issues such as sovereign defaults and debt relief measures, the role of the international organisations (e.g. IMF and the EU), the private sector and the potential path towards…

Amidst calls for debt relief to mitigate the socioeconomic consequences of COVID-19 in Africa, debt transparency has become an even more pressing issue. This paper assesses the key debt transparency initiatives promoted by international organizations and the private sector, given the June 2019 G20 Communiqué on the importance of improving debt transparency for debt sustainability.…

While the global economy is experiencing a sharp contraction in 2020 due to the impactof the COVID-19 pandemic, the outlook is less negative with global economic activityshowing signs of recovery as our economies have been gradually reopening and thepositive impacts of our significant policy actions started to materialize. However, therecovery is uneven, highly uncertain and…

International Debt Statistics (IDS) is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the 120 low- and middle-income countries that report to the World Bank Debt Reporting System (DRS). The content coverage of IDS 2021 includes: 1) a user guide describing the IDS tables and content, definitions and…

The COVID-19 pandemic has pushed debt levels to new heights. Compared to end-2019, average 2021 debt ratios are projected to rise by 20 percent of GDP in advanced economies, 10 percent of GDP in emerging market economies, and about 7 percent in low-income-countries. These increases come on top of debt levels that were already historically high.…