Andreas (Andy) Jobst

Andreas (Andy) Jobst is Adviser to the Managing Director and Chief Financial Officer of the World Bank Group. Until 2016, he was Senior Economist at the International Monetary Fund (IMF), where he was responsible for monetary and financial sector policy of the Euro Area. Previously, he was as Chief Economist and Deputy Director (Supervision) of the Bermuda Monetary Authority (BMA). Mr. Jobst holds a Ph.D. from the London School of Economics.

A Strategy for Resolving Europe’s Problem Loans

July 5, 2017 by Shekhar Aiyar, Wolfgang Bergthaler, Jose M. Garrido, Anna Ilyina, Andreas (Andy) Jobst, Kenneth Kang, Dmitriy Kovtun, Yan Liu, Dermot Monaghan and Marina Moretti

Persistently high non-performing exposures (NPLs) in several European countries pose significant challenges to financial stability and are likely weighing on credit growth and economic activity. This paper, which summarizes a detailed IMF analysis (IMF SDN/15/19), examines the structural obstacles that discourage European banks from addressing their problem loans. It argues that a comprehensive approach comprising […]