img01On 14 October 2020, Secretary-General Ignacio Tirado participated in a Webinar organised by the European Bank for Reconstruction and Development (EBRD) focussing on the cost of possible missed opportunities to implement reform in the midst of the Covid-19 crisis. 

 

 

 

The webinar’s panel of experts also included Beata Javorcik (EBRD’s Chief Economist), Barbara Rambousek (Director, Gender & Economic Inclusion division, EBRD), 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), and moderated by Rodrigo Olivares-Caminal (Banking and Finance Law Professor at the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London). As the COVID-19 pandemic continues to trigger serious economic impacts in both the developed and emerging markets, the expert panel was invited to discuss the implications of the pandemic in terms of demographic and economic changes, the effects of a potential wave of insolvency, and the effects on the most vulnerable economic players, to provide arguments as to why legislators should seize the opportunity to introduce reforms. Secretary-General Tirado highlighted how, given the enhanced political will, this situation can be turned into an opportunity to undertake a thorough modernisation of  existing legal frameworks, which is to be undertaken alongside investments both in capacity building and in improvement of the legal infrastructure, specially through IT upgrades.