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Debt Management Facility Stakeholders' Forum 2022

March 14-16, 2022




Highlights from 2022 Debt Management Facility Stakeholders' Forum

Marcello Estevão—Global Director of the World Bank Group’s Macroeconomics, Trade and Investment Global Practice—shares a few takeaways from the 2022 DMF Stakeholders' Forum.

Navigating Debt:

Meeting Tomorrow's Funding Needs

March 14-16, 2022

  • Debt burdens were surging in many developing countries even before the COVID-19 pandemic began. Today, increased funding needs, rising funding costs, price pressures, and stretched asset valuations are putting extra pressure on debt managers. Climate-related risks pose an increasing danger to people’s lives and public finance, requiring debt managers to take a closer look at Environment, Social and Governance (ESG) factors while meeting funding needs. Under the circumstances, many countries will need to strengthen their debt-management capacity and enhance debt transparency.

    The 12th Debt Management Facility (DMF) Stakeholders’ Forum, Navigating Debt: Meeting Tomorrow’s Funding Needs, will explore how this can be done. The forum, organized by the World Bank, will take place March 14-16, 2022. It will set the scene for high-level discussions on potential debt-management strategies in a period of high and persistent debt burdens for many low- and middle-income countries. It will also examine the use of innovative financing instruments in debt management and highlight the importance of legal frameworks for sound debt management and debt transparency.

  • View Agenda in PDF

    March 14, 2022 - DAY ONE

    8:00 - 8:05 am EDT

    Opening Remarks: Mari E. Pangestu, Managing Director, Development Policy and Partnerships, World Bank Group

    8:05 - 9:40 am EDT

    Session 1: Coping with the Ongoing Challenges of a Growing Debt Burden

    The session will explore the main policy challenges given the rising debt burden, which already reached unsustainable levels in some countries. Participants will discuss the actions needed, both at the country and at the global level.

    Moderator: Indermit Gill, Vice President, Equitable Growth, Finance and Institutions, World Bank Group


    • Adama Coulibaly, Minister of Finance, Cote d'Ivoire 
    • Carmen Reinhart, Senior Vice President and Chief Economist, World Bank Group
    • Jeromin Zettelmeyer, Deputy Director, Strategy, Policy, and Review, IMF
    • Lupin Rahman, Executive Vice President, PIMCO

    March 15, 2022 - DAY TWO

    8:00 - 9:30 am EDT

    Session 2: Is Innovative Financing a Silver Bullet?

    This session will invite the panelists to a candid dialogue on financing instruments that incorporate Environmental, Social and Governance (ESG) considerations, their potential benefits, and the main approaches to manage them.

    Moderator: Roger Nord, Deputy Director, Institute for Capacity Development, IMF and DMF Co-Chair


    • Claudia Sanhueza, Vice Minister of Finance, Chile
    • Ottoniel Santos, Secretary of State for Finance and Treasury, Angola
    • George Richardson, Director of Capital Markets and Investments, World Bank Treasury
    • Rahul Ghosh, Managing Director - Environmental, Social & Governance, Moody's

    March 16, 2022 - DAY THREE

    8:00 - 9:30 am EDT

    Session 3: The Importance of Strong Legal Frameworks for Sound Debt Management and Debt Transparency

    This session focuses on the key elements of the legal framework of public debt management to help support sound public debt management and debt transparency.

    Moderator: Marcello Estevão, Global Director, Macroeconomics, Trade and Investment, World Bank Group and DMF Co-Chair


    • Anna Gelpern, Anne Fleming Research Professor at Georgetown Law
    • Çiğdem Aslan, Lead Debt Specialist, World Bank Group
    • Haron Sirima, Director General of DMO, Kenya
    • Irakli Katcharava, Acting Head of Public Debt Management Department, Georgia

    9:30 -9:40 am EDT

    Closing Remarks:

    • Marcello Estevão, Global Director, Macroeconomics, Trade and Investment, World Bank Group and DMF Co-Chair
    • Roger Nord, Deputy Director, Institute for Capacity Development, IMF and DMF Co-Chair


Event Details