Debtwire hosted on Monday 13 February an online roundtable discussion on the Government of Mozambique‘s potential sovereign debt restructuring.
Our sovereign debt reporter Priscila Azevedo-Rocha and guest specialists on sovereign debt restructurings provided listeners with an overview and an analysis of the situation a month after the Mozambique government officially announced a default on its 2023 Eurobonds. Mozambique missed the USD 59.8m interest payment on 18 January, 2017.
Please click HERE for a replay of Monday’s webinar on Mozambique’s potential sovereign debt restructuring.
The 45-minute webcast featured commentary from:
Charles Blitzer, Principal at Blitzer Consulting
Dr. Charles Blitzer is the Principal of Blitzer Consulting, advising private and official sector clients on a broad range of global economic, financial, and capital markets issues. Dr. Blitzer advised the creditor committee of Belize bondholders on the 2013 restructuring, the creditors committee of Grenada bondholders on the 2015 restructuring, and presently is advising various creditors of Belize, Mozambique, and Puerto Rico regarding proposed restructurings. From 2001 to 2010, Dr. Blitzer was Assistant Director of the Monetary and Capital Markets Department at the International Monetary Fund where he led work on vulnerabilities of emerging market countries, sovereign debt management and restructuring, and global capital flows. From 1996-2000, he was Managing Director and Global Head of Emerging Market research for Donaldson, Lufkin & Jenrette, based in London. Dr. Blitzer worked for the World Bank from 1989 to 1996, first covering financial and trade issues in Latin America and beginning in 1992 as the first Chief Economist of the World Bank’s Moscow Office. His earlier positions include being a senior research fellow at the Massachusetts Institute of Technology and a Senior Advisor in the US Department of State. Mr. Blitzer received his Ph.D. in economics from Stanford University in 1971.
Stuart Culverhouse, Partner and Global Head of Research at Exotix Partners
Stuart Culverhouse is a Partner and Global Head of Research at Exotix Partners. He has been working in emerging markets for over 15 years in both the public and private sector. He joined Exotix in 2006 after 10 years in the UK Government Economic Service. Stuart has in-depth experience in a number of emerging market sovereign debt restructuring episodes and wide knowledge across frontier markets more generally. His specific country coverage at Exotix includes Latin America and the Caribbean, Sub Saharan Africa and Europe.
Before joining Exotix, Stuart worked in HM Treasury (1996-2001), where he had responsibility for Latin America, and in particular Argentina, during the crisis over 2000-2001. Whilst at HMT, he also worked on the domestic UK economy, government debt management and public private partnerships (PPPs). Stuart then worked for five years (2001-2006) as an Economic Adviser in the Export Credits Guarantee Department (ECGD), the UK’s official Export Credit Agency, where he covered Latin America and East Africa. Stuart joined HMT in 1996 from Goldman Sachs (London). He has an MSc in Economics from Southampton University.
Tariq Hamoodi, Partner at Bybrook Capital
Tariq Hamoodi is a Partner at Bybrook Capital in London, who are an active investor in distressed and frontier sovereign credit markets. He started his career at Morgan Stanley in 2011 where he traded Emerging Markets Credit before joining Bybrook.