The Peterson Institute for International Economics (PIIE) and the McKinsey Global Institute (MGI) cohosted a conference on February 18, 2015, to assess the global state of debt and deleveraging in the private and public sectors and the available policy responses. Sean Hagan, International Monetary Fund, was the presenter for "Panel I: Dealing with Sovereign Debt and Deleveraging," followed by discussants Adair Lord Turner, Institute for New Economic Thinking and the McKinsey Global Institute; Anna Gelpern, PIIE; and Angel Ubide, PIIE and D.E. Shaw & Co. For more information, visit: www.piie.com/events/event_detail.cfm?EventID=375