May 14, 2018

The Institute of International Finance (IIF) was pleased to host the launch of the International Monetary Fund’s Global Debt Database on Monday, May 14 from 11:00 am to 12:30 pm at our Washington D.C. office. The IMF’s Global Debt Database is the first comprehensive dataset covering public and private debt for virtually the entire world (190 countries) dating back to the 1950s. Marialuz Moreno Badia, Deputy Division Chief of the Fiscal Policy Division of the IMF's Fiscal Affairs Department will present the GDD; Sonja Gibbs, Senior Director, Global Capital Markets Department at the IIF will follow with an overview of the IIF Global Debt Monitor

Following the presentations, Tim Adams, President and Chief Executive Officer, IIF moderated a panel discussion of the policy challenges associated with high debt levels. The panel featured Vitor Gaspar, Director of the IMF’s Fiscal Affairs Department; Kenneth Rogoff, the Thomas D. Cabot Professor at Harvard University; Nathan Sheets, Chief Economist and Head of Global Macroeconomic Research at PGIM; and Hung Tran, Executive Managing Director, IIF.

Almost a decade after the collapse of Lehman Brothers, global debt continues to hit new record highs. With the deleveraging process still incomplete by all accounts and the financial tightening cycle taking off, it is now more important than ever to get a good understanding of who is leveraged and what it means for policymakers. In this context, the panel will focus on prospective deleveraging pressures (in the public and private sector), the appropriate fiscal and monetary policy mix, and how policymakers can limit fiscal risks from excessive private debt during the financial tightening cycle.