TARGET GROUP | Staff from central banks, finance ministries and other public institutions involved in the management and resolution of Non-Performing Loans (NPLs) and / or the design of related policies.
DESCRIPTION | High levels of Non-Performing Loans are a significant problem in a number of CESEE and EU countries. NPLs can be a substantial burden on banks, compromising their ability to extend credit to the real economy which in turn may have a downward impact on growth. At the same time the policy choices made in the context of NPL management and resolution can have a major impact not only on banks, but also on borrowers and taxpayers. The aim of this one-week course, jointly organized by the Joint Vienna Institute, the World Bank and the European Central Bank, is to provide an encompassing overview of the NPL situation in the CESEE countries and the EU and to illustrate the impact of NPLs on the real economy. The course will also discuss the framework conditions needed for successful NPL resolution and the various on- and off-balance sheet approaches that are available to manage this problem. Finally, the course will look at country-specific experiences.