Greater debt transparency is a vital step in the surveillance and development processes. It facilitates new, high-quality investment, reduces corruption, and brings accountability. But all too often public debt liabilities of low- and middle-income countries are hard to pin down. Many do not publish public debt data or publish incomplete data that understate the true level of liabilities. The opacity of domestic debt markets, increased use of central bank currency, and proliferation of borrowing by state-owned and private sector entities with various forms of government guarantee pose significant challenge to global surveillance of debt levels. This event will bring together a panel of experts from borrower and creditor countries, academia, and the World Bank to discuss efforts and concrete actions to support debt data transparency.
Raising the Bar on Debt Data Transparency
April 7, 2022
WebEx (Link in event tab)
MULTIMEDIA
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Carmen Reinhart
Senior Vice President & Chief Economist, World Bank GroupCarmen M. Reinhart is the Senior Vice President and Chief Economist of the World Bank Group. Assuming this role on June 15, 2020, Reinhart provides thought leadership for the institution at an unprecedented time of crisis. She also manages the Bank¡¯s Development Economics Department. Reinhart¡¯s areas of expertise are in international finance, and macroeconomics. Her work has helped to inform the understanding of financial crises in both advanced economies and emerging markets. She has published extensively on capital flows, exchange rate policy, banking and sovereign debt crises, and contagion.
Takahiro Tsuda
Alternate Executive Director representing Japan, World Bank GroupMr. Takahiro (¡°Taka¡±) Tsuda is the World Bank Group Alternate Executive Director representing Japan. Mr. Tsuda has held various leadership positions at the Japanese Ministry of Finance. Prior to coming to the Bank, he headed the Office of Planning and Coordination for International Affairs. Furthermore, during the Japanese G20 Presidency in 2019, as then-Director for Development Policy Coordination, he contributed to conceptualizing various development-related G20 agenda items, including debt sustainability/transparency and quality infrastructure. Also, back in 2016, he was the desk for the Japan¡¯s G7 Presidency. Moreover, he has a wide range of experience in research on sovereign debt. His contribution includes, among others, creation of the sovereign debt investor base for both advanced and emerging economies (with Mr. Serkan Arslanalp at the IMF). He also actively participated in IMF-WB TA missions on medium-term debt management strategy when he was at the IMF (2010-13). His expertise also extends to fiscal policy management, both on macro and micro fronts. His past position includes the First Deputy Budget Examiner for Agriculture, Forestry, and Fishery (July 2017 - July 2018) and Deputy Head of Fiscal Research Division (June 2016 ¨C July 2017).
Patience Oniha
Director-General, Debt Management Office, NigeriaShe is currently the Director-General of the Debt Management Office (DMO), Nigeria, a position she assumed on July 1, 2017. Prior to this time, she had served as Director, Market Development Department of the DMO (2008 ¨C 2015) and pioneer Head of the Efficiency Unit at the Federal Ministry of Finance, Budget and National Planning (2015 ¨C 2017). Her career in the public sector started in June 2008 when she joined the DMO as the pioneer Director of the newly created Market Development Department. Prior to this time, Ms. Oniha had a distinguished career in the banking sector cutting across, Credit, Marketing, Investment Banking, Fund Management and Treasury. She worked with reputable institutions including FSDH Merchant Bank Ltd, Ecobank Nigeria Ltd and Standard Chartered Bank Ltd where she was a General Manager. She holds a First-Class Bachelor¡¯s Degree in Economics and a Master¡¯s Degree in Finance from the University of Benin and University of Lagos respectively. Ms. Oniha is a Fellow of the Institute of Chartered Accountants of Nigeria and a Member of the Chartered Institute of Taxation of Nigeria. She has been a Resource Person/Speaker at various fora held by international and local organisations including, the African Development Bank; World Bank; International Monetary Fund; Organisation for Economic Co-operation and Development, amongst others. She sits on the Boards of Nigerian Bulk Electricity Trading Plc and Infrastructure Corporation of Nigeria Limited.
Matthew Turner
Director, Global Economic Office, United States TreasuryMatthew Turner is the Director of the Office of Global Economics and Debt at the U.S. Treasury Department. Previously, Mr. Turner served as Alternate Executive Director and Senior Advisor representing the United States at the Board of Directors of the African Development Bank (AfDB), and as Deputy Director of the Office of International Monetary Policy at the U.S. Treasury. He holds a B.A. in International Studies from the University of Washington and an M.A. in International Economics and African Studies from the Johns Hopkins University School of Advanced International Studies.
Bradley Parks
Executive Director, AidDataDr. Bradley Parks is the Executive Director of AidData, a research lab at William and Mary. He leads a team of 35 program evaluators, policy analysts, and media and communication professionals who work with governments and international organizations to improve the ways in which overseas investments are targeted, monitored, and evaluated. Prior to joining AidData, Dr. Parks was part of the initial team that set up the U.S. Government¡¯s Millennium Challenge Corporation (MCC). He holds a Ph.D. in International Relations from the London School of Economics and Political Science. He is the author of three books, including Banking on Beijing: The Aims and Impacts of China¡¯s Overseas Development Program (Cambridge University Press). Dr. Parks is also a Non-Resident Fellow at the Center for Global Development (CGD). His policy publications include How China Lends, Bargaining with Beijing, Hidden Debt Exposure to China, and Banking on the Belt and Road.
Evis Rucaj
Senior Economist, Development Data Group, World Bank GroupEvis Rucaj is a Senior Economist at Development Economics, Data Group. She leads the Debt Data Team and oversees the of the World Bank Debtor Reporting System (DRS) , compilation of external debt statistics of low and middle income countries, and the annual publication of the International Debt Statistics publication (IDS). She has over 25 years of experience on policy-relevant external sector statistics. Prior to the World Bank, she was Deputy Director of the Statistics Department at the Bank of Albania.
Diego Rivetti
Senior Debt Specialist, Macroeconomics Trade and Investment Global Practice, World Bank GroupDiego Rivetti is a Senior Debt Specialist at the Macroeconomics, Trade and Investment (MTI) department of the WB. In this role, he has been leading projects on public debt management, restructuring and transparency, including the recent WB report on Debt Transparency in Developing Economies. Prior to joining the WB, he worked for the IMF as a debt management expert for Caribbean countries and for the United Nations (UNCTAD). He has a banking background as he worked for the largest Italian bank (Intesa-Sanpaolo) in Italy and Romania. He holds a BSc in Economics and a Master of Economics from the University of Turin.
Nada Hamadeh
Lead Economist & Program Manager, Development Data Group, World BankNada Hamadeh is a Lead Economist and Program Manager at the World Bank Development Economics Vice Presidency. She manages the Bank¡¯s economic, debt and price data work and international comparisons of economic output and price levels. In this capacity, she oversees the production of flagship data public goods and highly visible data programs, including the International Debt Statistics series, the Income Classification of Countries, and the International Comparison Program. Prior to joining the World Bank, she worked with the United Nations on economic policy in the Middle East and North Africa, and with the Lebanese Prime Minister on investment promotion policies to help rebuild post-war Lebanon. Nada holds a Master of Science in Finance from the George Washington University.
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Event Details
- Date: April 7, 2022
- Time: 8:00-10:00 am EDT
- location: online