2021 Virtual ART: Tools for a Robust Recovery - Insolvency Reform in Africa in the Context of COVID-19

Tuesday, 9th November 2021 12:00 pm - 3:00 pm GMT


12.00-12.05pm                  Welcome: INSOL International & World Bank

12.05-12.25                         Keynote: Damiaen Hodgkinson, Olvera Advisors, Australia

Damien will speak about his extensive experiences in Asia and South America during the financial crisis in the late 1990’s.

12.25-1.25pm                     Session 1: Strategies for NPL Management and Resolution in Sub-Sahara Africa

This panel will examine the NPL issue in Africa and draw from country experiences to learn strategies for reducing and managing NPLs. Tools such as private asset management companies, prudential regulation and workouts will be discussed by representatives from governments and the finance sector.

1.25-1.30pm                       Break

1.30-2.30pm                       Session 2: Distressed Asset Management

The number of distressed assets in SSA are increasing as a result of COVID-19. However, few countries in SSA have developed distress asset markets as well as tools to deal with these assets, including distressed asset funds and debt trading.  This panel of distressed management experts will discuss experiences in SSA and around the world.

2.20-3.00pm                       Session 3: Peer-to-Peer Update

Regional updates will be provided regarding major insolvency-related developments in SSA.  A special focus will be on updates related to COVID-19, new insolvency legislation, cross-border cases as well as institutional reforms.

  • Cross-border examples: Kenya and Mauritius
  • Countries with new legislation: Ghana
3.00pm                                 Conclusion: INSOL International & World Bank

Please note that the Technical Programme is subject to change.

[1] https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2021/06/07/Resolving-Nonperforming-Loans-in-Sub-Saharan-Africa-in-the-Aftermath-of-the-COVID-19-Crisis-50333


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