IMF World Bank Global Macro Program 2021

 October 11-15, 2021


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.


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


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