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IMF and World Bank Joint Seminar: Reform Priorities for Tackling Debt
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- Опубліковано 14 сер 2024
- Many countries, especially low-income and emerging economies, are suffering under the weight of high debt. Large debt burdens constrain countries’ capacity to invest in areas such as education, health, social protection, or infrastructure. For some, debt is already unsustainable.
This seminar will explore options to boost resilience to debt risks, including through domestic reforms to enhance growth, improve expenditure policies and domestic revenue mobilization, and strengthen debt management.
It will also discuss the need for scaled-up support from the global community through the provision of concessional finance and technical assistance to underpin domestic reform / policy changes, as well as improvements in sovereign debt restructuring processes to ensure debt relief can be delivered in a timely and predictable manner when needed.
Moderated by CNBC's Joumanna Berchete, panellists include Managing Director of the International Monetary Fund Kristalina Georgieva, World Bank Group President Ajay Banga, Minister of Finance for the Kingdom of Saudi Arabia His Excellency Mohammad Al-Jadaan, Professor of Law and International Finance at Georgetown Law Anna Gelpern, and Minister of Finance and National Planning for the Republic of Zambia Dr. Situmbeko Musokotwane.
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