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2020 External Sector Report: Global Imbalances and the COVID-19 Crisis

Speakers

Mr. Daniel Leigh (Division Chief, Research Department, International Monetary Fund)
Mr. Pau Rabanal (Deputy Division Chief, Research Department, International Monetary Fund)

Target Audience

Officials involved in analyzing and assessing balance of payments developments and external sector sustainability.

Webinar Description

This webinar will reports on the findings of the IMF’s 2020 External Sector Report.  It finds that current account deficits and surpluses narrowed modestly in 2019 to just under 3 percent of world GDP. The IMF’s multilateral approach suggests that about 40 percent of overall current account deficits and surpluses were excessive in 2019. External assets and liabilities reached historic highs in the years before the COVID-19 crisis. This implies that a further worsening in risk sentiment could—for economies with preexisting vulnerabilities, such as large current account deficits, a high share of foreign currency debt, and limited international reserves—further increase risks of an external crisis. The external outlook for 2020 is subject to high uncertainty and cross-country variation. Presentations are followed by interactive Q and A sessions.

Registration

To register for this Webinar, please complete the online form here by September 28, 2020, (12 noon, Singapore Time). Only official email addresses are accepted.

Details

Date:
September 30
Time:
10:00 am - 11:30 am
Course Number
STR20.32

Application Deadline

Sep 28, 2020