DATES: MAY 4 - 15, 2020    
         
VENUE: ILI Headquarters, Washington, D.C., USA      
       
TUITION: $4200    
       

 

 

 

 

Overview

This seminar explores key topics with respect to international borrowing and debt management. The goal is to assist policy makers and practitioners from emerging economies to plan for long term challenges in a fast changing international borrowing and debt management environment, but also to engage with immediate challenges. One focus is on the fundamentals, recent developments, current important issues and trends in the body of knowledge intersecting finance, borrowing, debt management and development. Another focus is to unlock and access commercial finance for development goals. The objective of the seminar overall is to assist policy makers and practitioners from emerging economies to develop skills and to better understand the financial elements of development initiatives through analysis and applications.

Course Outline

Financial Development and Economic Growth

  • Overview of the research
  • International market access
  • Debt management capacity
  • Developing local capital markets
  • Accountability and transparency
  • Government guarantees and contingent debt
  • Microfinance
  • Chinese Sovereign and SOE lending

 

Capital Flows and Development

  • Bond market development
  • Ratings and rating agencies
  • Country credit spreads
  • Exchange rate risk and management
  • Project Finance in Public-Private Partnerships
  • The market for project finance: Applications and sectors
  • Project characteristics and risk analysis
  • Designing projects and managing risk
  • Financing the deal

 

Innovative Financing Mechanisms for Economic Development

  • Private equity
  • Future-flow securitization
  • Impact-investment funds
  • Diaspora remittances

 

Negotiations

  • Negotiating techniques
  • Negotiating with international donor organizations
  • Debt restructuring
  • Role of outside advisors

 

Course Advisor

Professor Reid Click is an Associate Professor of International Business and International Affairs and Chair of the International Business Department at The George Washington University in Washington, DC. He received his Ph.D. in economics and international business from the University of Chicago. Prof. Click teaches courses in international financial management, international business strategy, and international economics. His academic research has been published in leading journals, and he has also been a consultant for several international organizations.