Corporate Insolvencies, Debt Overhang and Loan Guarantee Schemes During and After the Pandemic

Friday, November 26, 2021 at 13:00-14:30 Vienna time (CET) 

Ms. Lilas Demmou, Organisation for Economic Co-operation and Development
Mr. Guido Franco, Organisation for Economic Co-operation and Development 
Mr. Ivan Huljak, Croatian National Bank

Mr. Rilind Kabashi, Economist, Joint Vienna Institute

The COVID-19 pandemic triggered a massive global economic downturn. In response, national and international authorities around the globe launched an unprecedented set of policy measures to cushion the economic impact of the crisis and to support the recovery process. Many of these measures focused on providing support to the corporate sector.

This webinar will take stock of the support to the corporate sector provided during the pandemic and discuss the challenges ahead, particularly the ones related to the reconfiguration and withdrawal of policy support. What has been the distribution and effectiveness of relief measures? What is the likelihood of corporate insolvency and what are the potential implications of corporate debt accumulated during the pandemic on investment during the recovery? What are the policy options to flatten the curve of crisis-related insolvencies and to lessen the risk of debt-overhang? What is the role of loan guarantee schemes in alleviating firm distress, and how they might affect productivity and the efficiency of resource allocation across firms? Our panel of experts will shed light on these issues and their implications for the JVI region.

The webinar will be held in English.

Participants are encouraged to ask written questions to the presenters using the webinar’s Q&A feature.

To participate in the webinar please sign up here.

A list of JVI webinars on topical issues in the field of financial stability, fiscal policy, and macroeconomics can be found here.

The JVI delivered for the first time in 2021 a course on “Policy Support to the Private Sector”, which covers among others the issues mentioned above. The course will be offered again in 2022 and we encourage everyone to apply here!

The schedule of JVI courses – including virtual courses – can be found here and here.

We look forward to continuing our engagement with you!

Hervé Joly, Director (JVI)

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