SUERF E-workshop in cooperation with KfW

COVID-19 and Government Firm Rescue Measures: best practices, current challenges, and the way forward post-corona

Date: Wednesday, 3 March 2021
Time: 13:15-16:30 CET
Format: Cisco Webex

The COVID pandemic is confronting many firms with existential liquidity and solvency threats. Governments and regulators have swiftly responded, among other things, with credit guarantees and moratoria. Measures have evolved from the first to the second wave of the pandemic. This workshop brings together policy makers, credit guarantee banks, retail banks, corporate sector representatives, credit monitoring agencies, economic think tanks and academic researchers to (1) discuss and compare experiences and best practices, (2) identify short-term challenges and possible solutions, (3) evaluate potential long-term consequences - positive and negative - from such schemes (4) derive policy conclusions, also with a view to incentivizing structural change to the post-COVID economic environment.

Organising committee: Ernest Gnan (OeNB and SUERF), Friederike Koehler-Geib and Vivien Lo (KfW)

Wednesday, 3 March 2021
13:00	Online Connection

13:15	Opening and Welcome

	Ernest Gnan, Head of Economic Analysis Division, OeNB and SUERF Secretary General Keynote: Government firm rescue measures during the COVID-19 crisis - Creating the basis for a strong and sustainable recovery Ingrid Hengster, Member of the Executive Board, KfW Speech - pdf

13:30	Session 1: The toolbox and effectiveness: comparative cross-country view and selected county experiences

	Moderator: Jan Klasen, Director for Federal and European Affairs, KfW Corporate Liquidity and Solvency in Europe during the Covid-19 Pandemic: The Role of Policies Laura Valderrama, Senior Economist, European Department, IMF Presentation - pdf COVID 19 and Firm Rescue Programmes. France Experience Baptiste Thornary, Chief Economist, Head of Macro Analysis and Impact Assessment Unit, BpiFrance Presentation - pdf Covid-19 and business support programmes in Germany: achievements, challenges, lessons Jakob von Weizsäcker, Chief Economist, Federal Ministry of Finance Presentation - pdf Financial stability implications of COVID-19 support measures Tuomas Peltonen, Deputy Head of the European Systemic Risk Board Secretariat Presentation - pdf

14:30	Session 2: Access to finance - effect on firm investment and market exit

	Moderator: Kristine Braden, Chief Executive Officer, Citibank Europe Insolvency and debt overhang at the Time of COVID-19: risks and policy responses Luiz de Mello, Director, Policy Studies Branch at the Economics Department of the OECD Presentation - pdf SMEs during COVID-19 Friederike Köhler-Geib, Chief Economist, KfW Bankengruppe Presentation - pdf Impacts due to Covid-19 on SMEs, indicators, economic policy decisions Patrik-Ludwig Hantzsch, Head of Economic Research, Creditreform Presentation - pdf Gerhard Huemer, Economic Policy Director, SME United

15:30	Session 3: The crisis as a catalyst for structural change

	Moderator: Debora Revoltella, Chief Economist, EIB and SUERF Council From emergency support to green and digital transformation Outi Slotboom, European Commission, DG for Internal Market, Industry, Entrepreneurship and SMEs Presentation - pdf Corona Crisis – A Chance for Digital Transformation? Irene Bertschek, Head of the ZEW Research Department “Digital Economy” Presentation - pdf Promoting digitization Monika Schnitzer, Professor, LMU Munich I German Council of Economic Experts Presentation - pdf James Watson, Chief Economist, BusinessEurope

16:30	Wrap-up and Close

	Friederike Köhler-Geib, Chief Economist, KfW Bankengruppe

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COVID-19 and Government Firm Rescue Measures: best practices, current challenges, and the way forward post-corona