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The Peterson Institute for International Economics (PIIE) held a virtual discussion to release the IMF staff’s new paper on “The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors—Recent Developments, Challenges, and Reform Options” on Thursday, October 1 from 8 AM to 10 AM EDT. The discussion consisted of two sessions and began with opening remarks by Geoffrey Okamoto, IMF’s First Deputy Managing Director.
First Session: The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors
Adam Posen, president, PIIE
Rhoda Weeks-Brown, general counsel and director of the Legal Department, IMF
Ceyla Pazarbasioglu, director of the Strategy, Policy, and Review Department, IMF
Anna Gelpern, Agnes N. Williams Research Professor, Georgetown Law, and nonresident senior fellow, PIIE
Peter Orszag, CEO of Financial Advisory, Lazard
Deborah Zandstra, partner in the Capital Markets Group, Clifford Chance
Second Session: Sovereign Debt Risks
Olivier Blanchard, C. Fred Bergsten Senior Fellow, PIIE
Jeromin Zettelmeyer, deputy director of the Strategy, Policy, and Review Department, IMF
Maurice Obstfeld, Class of 1958 Professor of Economics, University of California, Berkeley, and nonresident senior fellow, PIIE
Secured Debt Examples, Resolving Sovereign Debt Involving Private-Sector Creditors.
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When you get a financial obligation paid off, benefit yourself with a supper out. Then do the process over again.
As unlimited as the options are, you’ll locate 2 basic subgroups to pick from.
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