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Channeling Capital Flows to Developing Countries: Can International Financial Institutions Help?

July 15, 2020

Virtual Seminar and Conversation


Watch Live on Youtube

If you have questions during the Q&A, please ask them via the Youtube chat function.

  • The COVID-19 pandemic has produced a sharp fall in capital flows to developing countries. Meanwhile, high levels of sovereign and corporate debt in many countries as well as mounting fiscal deficits have raised the need for even more external financing to combat the economic and human costs of the pandemic. This panel of leaders from international financial institutions and well-known academics will discuss ways that the international community can help mobilize private capital flows to developing countries. How can private lenders be incentivized to lend more to developing countries? Are guarantees needed? How should countries with insolvency and liquidity crises be treated? Is there a need for a new debt restructuring framework? And what are the incentives for different debtors and creditors to participate? In this open conversation, panelists will offer their latest ideas and proposals to limit the damage from a crisis that knows no borders.

  • Chair:

    Ceyla Pazarbasioglu
    Vice President, Equitable Growth, Finance, and Institutions, World Bank


    Pierre-Olivier Gourinchas
    Professor, UC Berkeley

    Anne Krueger
    Senior Research Professor, Johns Hopkins University & Senior Fellow, Stanford University

    Carmen Reinhart
    Vice President and World Bank Group Chief Economist

    Hyun Song Shin
    Economic Adviser and Head of Research, BIS

    Jeromin Zettelmeyer
    Deputy Director, Strategy and Policy Review, IMF

    Last Updated: Jun 29, 2020

Event Details

  • Date: July 15, 2020
  • Time: 12:30 – 2:00 PM (ET/Washington, D.C. Time)
  • CONTACT: Michelle Chester
  • mchester@worldbank.org