SEACEN-IMF Joint Seminar on Dealing with Insolvency Risks of Asian Businesses

Venue :Online Seminars
Host Name :The SEACEN Centre
Date From :15 Apr 2021
Date To :15 Apr 2021

Descriptions


Smiley face The pandemic has increased insolvency risks, especially among small and medium-sized enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, there could be an excessive number of liquidations; particularly in sectors characterized by labor-intensive and low-skill technology, which may threaten both macroeconomic and social stability. This, together with depletion of working capital and an increase in debt, could prevent the corporate sector from contributing to a robust economic recovery.

Firms are also faced with structural changes from shifting consumer preferences and a reconfiguration of supply chains as they will have to repair balance sheets and adjust business models in the post-pandemic economy. First, there will be a presentation of a new IMF study on policies to promote a robust recovery from the pandemic and the role of the insolvency regime in facilitating corporate restructuring. This will be followed by a panel discussion on how policymakers and businesses can promote the necessary corporate sector adjustment while developing the necessary policy frameworks and institutions.

Speakers and Panelists:

  • Dr Mangal Goswami, Executive Director, The SEACEN Centre
  • Stephan Danninger, Director, STI, IMF
  • Sean Craig, Senior Economist, IMF