ÐÓ°ÉÂÛ̳

The new Radical Debt Transparency report¡ªan update to 2021¡¯s Debt Transparency in Developing Economies ¡ª shows that despite significant improvements in recent years, major debt transparency deficiencies continue to plague many developing countries. As the global financing environment tightens, several governments are turning to off-budget and increasingly complex debt instruments such as collateralized loans, private placements, and central bank swaps, that risk giving rise to new hidden debts. Gaps in legislative frameworks, institutional fragmentation, and limited oversight can contribute to debt reporting challenges, as seen in recent experiences. Transparency in debt restructuring processes also remains uneven. This report calls for a radical shift toward debt transparency as critical to debt sustainability, urging legislative reforms, stronger oversight of unconventional debt, broader loan-level reporting, and greater use of automation and reconciliation tools.

At this seminar, the new Radical Debt Transparency report has been launched, featuring Pablo Saavedra, Vice President for Prosperity and Manuela Francisco, Global Director for Economic Policy.

Program

Opening Remarks

Deputy Dean, Graduate School of Governance Studies, Meiji University

Fire-side Chat

Pablo Saavedra
Vice President for Prosperity, ÐÓ°ÉÂÛ̳

Takahiro Tsuda
Director, Multilateral Development Banks Division, International Bureau, Ministry of Finance

Panel Discussion

Manuela Francisco
Global Director for Economic Policy, ÐÓ°ÉÂÛ̳ 

Takahiro Tsuda
Director, Multilateral Development Banks Division, International Bureau, Ministry of Finance

Dean and CEO, Asian Development Bank Institute

Professor, Graduate School of Governance Studies, Meiji University

Moderator: Hiroaki Miyamoto
Chief Economist, Policy Research Institute, Ministry of Japan
Professor, Institute of Economic Research, Hitotsubashi University (on leave)