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ONLINE WORKSHOP SERIES: DEBT RESTRUCTURING IN MICROFINANCE DURING COVID-19

July 23 @ 8:30 am - 10:00 am

Microfinance providers around the world have come under significant pressure during the COVID-19 pandemic. To address emerging liquidity issues, many providers are exploring adjustments to their funding structures.

CGAP is organizing two online workshops for microfinance providers and investors on the practicalities of this process and how to engage in successful debt renegotiation and restructuring, featuring experts and practitioners who have engaged in this process before.

Please register for each workshop separately below.

Workshop 1 | Debt Restructuring: The Investor Perspective

8:30 – 10:00 a.m. (EDT), Thursday, July 23

Register for Workshop 1

Hear from investors and funders at microfinance investment vehicles (MIVs) about their experience with debt renegotiation and restructuring, and learn about their objectives and expectations. Through a moderated discussion and interaction with the audience, we will answer questions such as:

  • What do investors expect of fellow creditors?
  • What do investors expect of borrowers?
  • How are regulatory measures shaping debt restructuring patterns?

Moderator: Deborah Burand, Co-Director of the Grunin Center for Law and Social Entrepreneurship, NYU

Speakers:

  • Amy Bergstraesser, Legal Counsel, Symbiotics
  • Candace Smith, Senior Expert in Private Sector Development Finance
  • Edward Marshall, Partner, General Counsel, CCO, Developing World Markets
  • Elitsa Georgieva, Head of Risk and Recovery, Symbiotics
  • Luca Torre, Co-Founder and Co-CEO, Gawa Capital

Workshop 2 | Debt Restructuring: The Microfinance Provider Perspective

8:30 – 10:00 a.m. (EDT), Tuesday, July 28

Register for Workshop 2

Restructuring experts from microfinance providers and their legal counsels will share their experience with the challenges faced in forming and responding to intercreditor negotiations. After initial discussion, participants will choose from three breakout sessions to engage with experts in technical discussions.

  • Session 1: Defining strategies: handshake, standstill, refinancing, restructuring
  • Session 2: Tips for managing inter-creditor negotiations
  • Session 3: Working with external counsels effectively

Important notes about this workshopThe deadline to register is 5 p.m. (EDT), July 26. The day before the workshop, registered participants will receive an email with instructions on how to join. Please join the workshop from a computer, not a phone, to ensure you are able to participate in the breakout sessions.

Moderator: Deborah Burand, Co-Director of the Grunin Center for Law and Social Entrepreneurship, NYU

Speakers:

  • Ana Demel, Vice Chair, Board of Directors, ProMujer
  • Andrée Simon, President and CEO, FINCA Impact Finance
  • Dan Smith, Vice President & General Counsel, FINCA Impact Finance
  • David Wolf, Associate General Counsel, Global Communities
  • Elissa McCarter-LaBorde, CEO, Vitas Group
  • Lorraine McMillan, Global Director of Capital Markets & Innovative Finance, Vision Fund International
  • Mary R. Brusewitz, Head of New York Office, Clark Hill PLC

Venue

Webinar

Organizer

CGAP