Between 2007 and 2015, sovereign debt for developed nations alone reached USD 59 trillion, having increased from 50% to almost 80% of total GDP, while total global debt now exceeds global GDP many times over. The unabated growth of debt raises concerns over the ability to refinance and service obligations, and threatens to undermine investor confidence while seeding potentially destabilizing imbalances in the global economy. What are the potential consequences of further debt expansion in the largest economies? What can be done to convince governments and multilateral institutions to take coordinated action to address this problem, given the current environment?
Julia Chatterley , Anchor, CNBC
Oleg Vyugin , Member of the Board of Directors, Independent Director, Rosneft; Professor, National Research University Higher School of Economics
Andrei Klepach , Deputy Chairman (Chief Economist), Member of the Board, Bank for Development and Foreign Economic Affairs (Vnesheconombank)
Dimitris Mardas , Deputy Minister of Foreign Affairs of the Hellenic Republic
Maxim Oreshkin , Minister of Economic Development of the Russian Federation
Pavel Teplukhin , Chief Country Officer, Deutsche Bank Russia