For the second year, we invite you to an online Africa Round Table on Insolvency Reform (ART). This virtual ART will enable our vibrant community to connect while we still cannot be together physically.
COVID-19 cases are rising on the continent and the health and economic impacts are likely to continue for some time. The threat of waves of financial distress is still ever present, especially once forbearance and other emergency measures are lifted. The World Bank estimates that economic activity in Sub-Saharan Africa contracted by 2% in 2020. COVID-19 has plunged the region into its first recession in over 25 years, with activity contracting by nearly 5% on a per capita basis (https://www.worldbank.org/en/region/afr/overview).
This three-hour virtual ART will focus on topics related to the current and potential future economic consequences brought on by the pandemic. After a keynote and an update from different regions in Sub-Saharan Africa (SSA), our panelists will delve into tools to combat rising non-performing loan rates as well as distressed asset management.
The sessions, which will be conducted in an interactive conversation style, are designed for policymakers, insolvency practitioners, and the judiciary, and will be held online live for 3 hours and will subsequently be available as a recording.