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.