Bring in the Bondholders: inside the Argentinian debt crisis with Greg Makoff
Description
To mark the European release of "Default: The Landmark Court Battle over Argentina’s $100 Billion Debt Restructuring", ODI will be hosting a conversation with the author, Greg Makoff, to discuss the experience from Argentina’s debt restructuring, and focusing on the implications—and lessons—for negotiating with bondholders and the private sector.
Default is the riveting story of Argentina's sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring with private sector international bondholders. The detailed case study describes the intense fight over the role of the IMF in Argentina's 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors.
Greg will present his book, followed by a moderated discussion and a live audience Q&A, covering the role and complex interplay between financial markets, governments, the IMF, press and courts, and the impacts and implications that Argentina’s experience brings for other global south economies in sovereign debt negotiations, and ongoing bond restructurings. The discussion will be an insight into the institutional, political and legal pressures of debt negotiations, for those working on issues of debt markets, international finance, and law.
The event will be held in person at the ODI London offices, and streamed online for a virtual audience. For those attending in person, the talk will be followed by a light networking lunch.
Speakers
-
Frederique Dahan
Director of Programme, ODI
-
Gregory Makoff
Senior Fellow, Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School and Author of Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring
-
Professor Rodrigo Olivares-Caminal
Professor in Banking and Finance Law at the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London
-
Théo Maret
Associate, Global Sovereign Advisory
