PREVENTING THE NEXT POTENTIAL CRISES IN DEBT MANAGEMENT

PREVENTING THE NEXT POTENTIAL CRISES IN DEBT MANAGEMENT

16 June, 14:15–15:30

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?









Broadcast

Key moments

Growth is a function of positive expectations. If we have positive expectations, we will have growth.
Dimitris Mardas
There will be more crises going forward and we will address them.
Maxim Oreshkin