DATES: APR 18 - 22, 2022    
         
VENUE: IN-PERSON AND ONLINE
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TUITION: $2245    
       

  

  

  

 

 

 

Overview

 

This seminar explores key topics and recent developments with respect to international borrowing and debt management. Special emphasis will be placed on the severe impact that the Covid-19 pandemic continue to have on all aspects of borrowing, debt management, economic growth, and the negotiation and renegotiation of current and future obligations. The goal is to assist policy makers and practitioners from emerging economies to deal with immediate crises, plan for long term challenges in a fast changing international borrowing and debt management environment, but also to engage with the immediate and urgent challenges. There will be a topical discussion of the increasingly important role of the private sector and Chinese Sovereign and State Enterprise lending. Other current topics include debt moratoriums and debt forgiveness which will also be discussed. Developing strategies and approaches for conducting successful negotiations and renegotiations in respect to international borrowing and debt transactions and obligations will be integrated into the discussion.

 

Format

The seminar will be delivered through live online sessions via videoconferencing platform. Each session will last approximately 3.5 hours and will start at a time to be announced closer to the seminar, but the starting time will be within a time window of 7:00 am – 8:30 am Washington DC time (Eastern Standard Time). We expect the classes to be highly interactive and will include presentations, case studies and exercises.

 

Course Outline

 

Financial Development and Economic Growth

  • Developing effective borrowing and debt management strategies within the current fast changing environments
  • Responses from the IMF and other donors
  • Private sector/creditor involvement and potential impact, including the role of vulture funds and collective action clauses
  • 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 and Renegotiations

 

  • Negotiation strategies and approaches integrated into the above discussion.

 

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.