The Existential Crisis of the International Financial Architecture

Astana, Kazakhstan

May 24, 2012



During this conference, held during the V Astana Economic Forum, the atmosphere was quite gloomy given that we were at the height of the Eurozone crisis. There was a generalized feeling that the western world would be dealing with a lost decade and a period of profound instability akin to that faced during the interwar years. Multilateralism was in crisis. The conference allowed participants to discuss how to counter regional recessions and develop new mechanisms of financial and economic stability.



  • Aaron GURWITZ: Chief Investment Officer and Head of Research, Economics and Strategy, Barclays Wealth
  • Alexander KWASNIEWSKI: Former President of the Republic of Poland
  • Alfred GUSENBAUER: Former Federal Chancellor of Austria
  • Bolat ZHAMISHEV: Minister of Finance, Kazakhstan
  • Cheng SIWEI: Chairman of the International Finance Forum, Former Vice Chairman of the Standing Committee of the National People’s Congress, China
  • Domingo CAVALLO: Senior Fellow of the Institute for Global Affairs, Yale University, Former Minister of economy, Former Governor of Central Bank, Argentina
  • Ghangyong RHEE: Chief Economist, Asian Development Bank
  • Grigory MARCHENKO: Governor, National Bank of the Republic of Kazakhstan
  • Ibrahim TURHAN: Chairman of the Istanbul Stock Exchange
  • Jacob A. FRENKEL: Chairman, JP Morgan Chase International; Chairman of the Board of Trsutees, Group of Thirty, Former Governor of Central Bank of Israel
  • Larisa MORA: Deputy Director of Public Department, Ministry of Finance, Mexico
  • Marc UZAN: Executive Director, Reinventing Bretton Woods Committee
  • Mario BLEJER: First Vice Chairman, Banco Hipotecario, Argentina
  • Michail KHAZIN: President Consulting Company, Anchorman “Dialogue with Khazin” RBC
  • Min ZHU: Deputy Managing Director, IMF
  • Olin L. WETHINGTON: Chairman and Principal, Wethington International LLC
  • Ousmene MANDENG: Head of Investment Policy Advisory, FICC Financial Public Sector Institutions, UBS
  • Robert MUNDELL: Nobel Prize of Economics, Professor of Economics, Columbia University
  • Romano PRODI: Former Prime Minister of Italy
  • Shaukat AZIZ: Former Prime Minister of Pakistan
  • Ted MENZIES: Minister of State for Finance, Canada
  • Thomas MIROW: President of the EBRD
  • Wei BENHUA: Director, ASEAN+3 Macroeconomic Research Office (AMRO)
  • Wim KOK: President, Club de Madrid; Former Prime Minister, Former Minister of Finance, Netherlands

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