Rafael M. Molina

Rafael’s professional experience includes:

• Advised a variety of governments around the world in addressing public sector debt challenges, including the restructuring of public sector liabilities and the enhancement of risk management operations.
• Advised governments on the formulation and implementation of targeted liability management strategies.
• Advised sovereign fixed-income creditors and creditor committees on consensual negotiations to settle outstanding public sector claims.
• Advised central banks on the institutionalization, development, and management of sovereign well funds.

Rafael is currently leading the mandate advising the Surinamese Bondholder Committee in negotiations with the authorities in Paramaribo to restructure outstanding Euro notes, as well as the Government of Zimbabwe on the settlement of the Global Compensation Deed. Most recently, he advised the Government of Antigua and Barbuda on the formulation and implementation of a strategy for debt-for-climate swaps, and the Government of Iraq on the resolution of its Saddam-era bilateral claims. Rafael advised the Government of Sudan on the formulation of the country’s external debt relief and arrears clearance strategy under the HIPC framework and led the mandate advising Liberia on the resolution of external commercial claims under the HIPC framework.

A list of additional selected clients include the governments of Armenia, Brazil, Dominican Republic, Iceland, Indonesia, Jordan, Liberia, Peru, and Sierra Leone, among others.  He has also served as financial adviser to the Central Banks of Barbados and Indonesia, selected real money funds holding sovereign exposures, as well as acted for the International Monetary Fund and the World Bank on issues related to public finance.

Rafael is a frequent speaker at international conferences, has published numerous articles on issues of public finance, and has served as chairman for the annual debt management seminars organized by Central Banking Publications held at Cambridge University.

Rafael spent over eight years with the Federal Reserve Bank of New York, where he performed several finance related functions including senior trader-analyst in the Foreign Exchange Department of the Markets Group, where he was responsible for implementing U.S. monetary policy directives and managing the U.S. monetary authorities’ yen reserve portfolio.