There has been significant progress in recent years in strengthening the global financial safety net (GFSN), with an increased focus on improving coordination between different layers. The adequacy and coverage of the GFSN, however, continues to be a topic of debate, in particular whether the current GFSN has the capacity to handle future crises. Furthermore, geopolitical tensions could also increase economic volatility, thereby increasing demands on the GFSN as well as weakening the safety net itself, including Regional Financing Arrangements (RFAs) and swap lines. On the occasion of the meeting of the IFA Working Group in Paris, the G20 Indian Presidency and Reinventing Bretton Woods Committee (RBWC) will host a roundtable discussion with key experts to discuss ways to prevent the fragmentation of the international monetary system. A tentative list of the questions that could be addressed in the Seminar include:
- How will the GFSN evolve in the context of current vulnerabilities facing the global economy?
- How can we strengthen the GFSN to safeguard the stability and integrity of the global economy?
- What should be the roles of the IMF and other international institutions to help ensure efficiency and appropriate incentives?
- Marc Uzan, Executive Director, Reinventing Bretton Woods Committee
- Mohua Roy, Indian Presidency
- Jacob Frenkel, Chairman, Frenkel Zuckerman Institute for Global Economics
- Barry Eichengreen, Professor, University of California Berkeley
- Manuel Ramos-Francia, Director General, Center for Latin American Monetary Studies (CEMLA)
- Isabelle Mateos y Lago, Managing Director, Blackrock
- Anoop Singh, Distinguished Fellow, Center for Social and Economic Progress (CSEP)
- Paola Subacchi, Professor, Queen Mary University, London