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Born Out of Necessity: A Debt Standstill for COVID-19

Ugo Panizza, Beatrice Weder di Mauro & others
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A webinar by the Centre for Economic Policy Research (CEPR)

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The Covid-19 crisis has led to a sudden collapse in capital flows to emerging and developing countries, who now face problems servicing their external debts while addressing the growing economic strain of the pandemic. Immediate action is needed to prevent disorderly defaults, litigations, and a collapse in the international debt market.

In this webinar, authors of a recent CEPR Policy Insight, Patrick Bolton, Lee Buchheit, Mitu Gulati, Pierre-Olivier Gourinchas, Ugo Panizza and Beatrice Weder di Mauro explain why low- and middle-income countries are particularly vulnerable, discuss what is at stake for the world economy, and present a mechanism to implement a debt standstill which would free significant resources to cover some of the more immediate costs of the COVID-19 crisis.



Moderator: Tim Phillips, CEPR


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This webinar is organised by the Centre for Economic Policy Research (CEPR).