IMF World Bank Global Macro Program 2021
October 11-15, 2021
Overview
The chances for a swift, uniform rebound from the COVID-19 crisis have dimmed, and the world economy now faces sharply divergent growth prospects. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag. However, the recovery of many countries is constrained by resurgences of COVID-19, uneven vaccination, and a partial withdrawal of government economic support measures. What are the policy options to nurture the economic recovery with fiscal and monetary measures while keeping a close eye on safeguarding financial stability? How to take the long view, reinvigorating human capital, expanding access to digital connectivity, and investing in green infrastructure to bolster growth? How can global coordination to end the pandemic be revived? This series of sessions drew views about these issues from policymakers, experts, private sector leaders, development partners and other key stakeholders.
Program
Monday, 11 October 2021-Emerging Markets in an Uneven Environment
Welcome Remarks
Marc Uzan, Executive Director, Reinventing Bretton Woods Committee
Emerging Market Outlook
Ksenia Yudaeva, First Deputy Governor, Bank of Russia
Semih Tumen, Deputy Governor and MPC Member, Central Bank of Turkey
Dody Budi Waluyo, Deputy Governor, Central Bank of Indonesia
Christopher Loewald, Chief Economist, Member of the MPC, Reserve Bank of South Africa
Chair: Massimiliano Castelli, Managing Director, UBS Asset Management
Keynote Speech
Rogelio Ramírez de la O, Minister of Finance, Mexico
Thursday, 14 October 2021-China and Europe Beyond the Pandemic
Welcome Remarks
Marc uzan, Executive Director, Reinventing Bretton Woods Committee
China’s Economic Growth Outlook
David Daokui Li, Director, Academic Center for Chinese Economic Practice and Thinking, Tsinghua University
Chair: Tao Wang, Chief China Economist, UBS Investment Bank
European Fiscal and Monetary Outlook
Giovanni Tria, Former Italian Finance Minister
Vitor Constancio, Former ECB Vice President
Giovanni Callegari, Economic Risk Assessment, European Stability Mechanism
Chair: Beat Siegenthaler, Managing Director, UBS Investment Bank
Friday, 15 October 2021-Greening the International Financial System: Challenges Ahead
Welcome Remarks
Marc Uzan, Executive Director, Reinventing Bretton Woods Committee
High Level Discussion Between:
Shamshad Akhtar, Former head UNESCAP, CEO Karachi Stock Exchange
Leslie Maasdorp, Chief Financial Officer, New Development Bank
Massimiliano Castelli, Managing Director, UBS Asset Management
Kalin Anev Janse, Chief Financial Officer, European Stability Mechanism
Chair: Ding Yifan, Associate Dean, Hainan Green Finance Research Institute