Analytical Corner - Session 3: Macro Challenges

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Addressing the Looming Problem of Bad Loans in Sub-Saharan Africa

The COVID-19 crisis is likely to raise the already high levels of nonperforming loans (NPLs) in sub-Saharan Africa. This may limit banks’ ability to support a post-pandemic recovery. In response, we propose a sequential strategy focused on managing, resolving, and preventing NPLs.

Based on Departmental Paper No 2021/014, written by: Luc Eyraud, Irina Bunda, Jehann Jack, Tarak Jardak, Rasmané Ouedraogo, Zhangrui Wang, and Torsten Wezel.

Speakers

Jehann Jack

African Department, IMF

Tarak Jardak

European Department, IMF



The Decline in Real Rates Despite Soaring Government Debt: What Does It Mean for Debt Sustainability?

Borrowing rates can become unresponsive or even decline as a result of more government borrowing and higher fiscal risks, when government default is very costly. This disconnect between borrowing rates and fiscal risk can be misleading to policy makers.

Speakers

Ehsan Ebrahimy

Institute of Capacity Development, IMF



Financial Integrity Screening of Cross-border Financial Flows

The presentation will describe the machine learning tool used for screening of cross-border financial flows to identify unusual patterns of transactions potentially related to illicit financial flows and will present findings on the direction of flows-outliers on a global level.

Based on work by: Mamoon Saeed, Maksym Ivanyna, Ruben Atoyan, Yang Liu.

Speakers

Maksym Markevych

Legal Department, IMF



Negative Interest Rates: The Experience So Far

Since 2012, several central banks introduced negative interest rates to boost economic activity. We review the evidence on the effects of these policies on financial markets, banks, and the macroeconomy.

Speakers

Marco Casiraghi

Monetary and Capital Markets Department, IMF 

Gunes Kamber

Monetary and Capital Markets Department, IMF 


 

Addressing the Looming Problem of Bad Loans in Sub-Saharan Africa



The Decline in Real Rates Despite Soaring Government Debt: What Does It Mean for Debt Sustainability?



Financial Integrity Screening of Cross-border Financial Flows



Negative Interest Rates: The Experience So Far