Saturday, November 9, 2013

Ninth International Debt Management conference starts on Monday

Geneva: The ninth International Debt Management Conference that is opening on Monday is going to discuss on the debt situations of the world’s poorer countries, long vulnerable to buffets from the global economy, have had their share of shocks recently, beginning with the 2008 financial crisis and subsequent recession.
A number of developing countries now are struggling with high levels of debt and are facing uncertain prospects rooted in the slow economic recovery of advanced nations, volatile capital flows and commodity prices, and expected rises in interest rates.
The conference that is being staged every two years will also brain storm on how such nations can cope with external shocks, maintain financial stability, and meet debt obligations, along with instruments and mechanisms for managing and restructuring debt.

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