The European Bank for Reconstruction and Development (EBRD) was established in 1991 to help build a new, post-Cold War era in Central and Eastern Europe. It has since expanded to other transition economies and gained unique international investor expertise in fostering economic change by investing more than €150 billion in a total of over 6000 projects. EBRD promotes democratic rule and market economy, sound commercial laws and strong institutions, all of which are integral to sustainable economic transition. Through Legal Transition Programme in the Office of the General Counsel, the Bank helps to create investor-friendly, transparent and predictable legal environments in the economies where we invest. The EBRD Legal Transition Programme works with reform-oriented governments and specialises in designing technical cooperation programmes to support regulatory reforms to sustainably transform local economies.
The coronavirus pandemic has triggered a serious economic crisis in developed and emerging markets alike and severely impacted businesses across the world. What is the cost if countries fail to use this crisis as an opportunity to introduce much needed reforms?
Given the external economic shocks triggered by the pandemic on demand and prices, should we expect definitive changes in demographic structures and economic geographies? Will the pandemic lead to a wave of insolvencies that could break up valuable long-standing economic relationships? What will be the effect on entrepreneurs, women, the youth and the vulnerable in society?
Our virtual discussion will address legal, economic and social perspectives relating to the issue of business failure and why regulators should be seizing the opportunity of the crisis to introduce long-lasting reforms that will benefit businesses, the wider economy and society as a whole.
Please join us for a virtual discussion featuring:
Beata Javorcik, EBRD's Chief Economist, responsible for advising the President of the Bank on economic issues of strategic or operational relevance to the EBRD regions.
Professor Ignacio Tirado, Secretary General of UNIDROIT.
Barbara Rambousek,Director, Gender & Economic Inclusion, who leads the EBRD's projects and policy programmes on economic inclusion.
Ugo Panizza, Professor of International Economics at the Graduate Institute of Geneva, Director of the International Centre for Monetary and Banking Studies (ICMB) and Vice President and Fellow of CEPR.
Our webinar will be moderated by: Rodrigo Olivares-Caminal, professor in Banking and Finance Law at the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London.
This event is the third webinar of a series of discussions hosted by the EBRD's Legal Transition Team in connection with the launch of a new project by the EBRD to assess the extensiveness and effectiveness of business reorganisation frameworks across all 38 economies where we invest.