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Borrow Without Sorrow: Prudent Debt Management in a Volatile Global Environment
May 22-23, 2017Vienna

The Eighth Debt Management Facility (DMF) Stakeholders’ Forum: "Borrow without Sorrow: Prudent Debt Management in a Volatile Global Environment" will take place on May 22-23, 2017, in Vienna, Austria.

The Forum will facilitate the discussion of issues in public debt management in a changing global environment, faced by developing countries. The Forum is targeted for policy-makers and government debt managers, international and regional technical assistance providers, representatives of civil society organizations, as well as bilateral donors and multilateral development banks.

DAY ONE May 22, 2017

8:00-8:45am

Registration (Outside Conference room A)

8:45-9:15am

 

Conference room A

Introduction: Ms. Abha Prasad, DMF Program Manager, World Bank Group

Welcome Remarks: Mr. Carlos Felipe Jaramillo, Senior Director, Macroeconomics and Fiscal Management Global Practice, World Bank Group

Opening Address: Mr. Thomas Schmid Secretary General, Federal Ministry of Finance, Austria

9:15-10:30am

 

 

Conference room A

Keynote Address

Introduction: Mr. Carlos Felipe Jaramilo, Senior Director, MFMGP, World Bank

Keynote Address: Prof. Carmen Reinhart, Minos A. Zombanakis Professor, International Financial System, Kennedy School of Government, Harvard University – (45 mins)

Interest Rates, Debt, and the Dollar

Q/A and Closing Remarks: Mr. Carlos Felipe Jaramilo (15 mins)

 

10:30-10:45am

Coffee Break (Room 01-21, next to conf. room C and in front of conf. room A & C )

10:45 am - 12:15 pm

Plenary Session 1: Global Fiscal Challenges and their Impact on Debt Management Decisions   (Conference room A)     

Chair:

Ms. Paloma Anos Casero,  Director, Macroeconomics and Fiscal Management Global Practice World Bank Group

Panelists:

Mr. Paul Hiebert Adviser, Monetary and Capital Markets Department, International Monetary Fund

Ms. Piritta Sorsa, Head of Division, Economics Department, Country Studies branch, Organization for Economic Cooperation and Development (OECD)

Mr. Dubravko Mihaljek, Head of Macroeconomic Analysis, Monetary and Economic Department, Bank for International Settlements (BIS)

Mr. Moritz Kraemer, Managing Director and Chief Ratings Officer, Sovereign Ratings, Standard and Poor Global Ratings

12:15-1:45 pm

 

Lunch (Hotel Zeitgeist, Vienna)

1:45-3:00pm

Plenary Session 2: Managing Fiscal Risks from Contingent Liabilities– the role of Debt Managers (Conference room A)

Chair:

Ms. Lakshmi Shyam-Sunder , Vice President and Chief Risk Officer, World Bank Group

Panelists:

Mr. Mkhulu Maseko, Director, Credit Risk, National Treasury, South Africa

Ms. Lilana Rojas-Suarez,  Senior Fellow, Center for Global Development, Washington DC, USA

Mr. Edgardo Demaestri, Lead Financial Markets Specialist, Inter-American Development Bank

Mr. Deepak Taneja, Principal Treasury Specialist, Treasury Client Solutions Unit

Asian Development Bank

3:00-3:15 pm

Coffee Break (Room 01-21, next to conf. room C and in front of conf. room A & C)

3:15-4:45 pm

Breakout Session 1: Governance Reforms in Debt Management – what has been achieved? (Conference room A)

Chair:

Mr. Octavian Armasu, Minister of Finance, Ministry of Finance, Republic of Moldova

Panelists:

Ms. Lilia Razlog, Senior Debt Specialist, Macroeconomics and Fiscal Management Global Practice, World Bank Group

Mr. Stefan Nanu, General Manager, Treasury and Public Debt Department, Ministry of Public Finance, Romania

Mr. Artak Marutyan, Deputy Head of Department, Public Debt Management Department, Ministry of Finance, Armenia

Mr. Baba Musa, Director, West Africa Institute for Financial and Economic Management (WAIFEM)

3:15-4:45 pm

Break-out Session 2:  Active Cash Management to borrow without sorrow? (Conference room C)

Chair:

Mr. Nikoloz Gagua, Deputy Minister of Finance, Ministry of Finance, Georgia

Panelists:

Mr. Phillip Anderson, Member, DMF Panel of Experts

Mr. Erjon Luci, Deputy Minister of Finance, Ministry of Finance, Albania

Mr. Coskun Cangoz, Manager, Financial and Banking Advisory, Treasury, World Bank Group

Mr. Andras Rez, Deputy CEO, Government Debt Management Agency Pte. Ltd. (AKK), Hungary

4:45-5:00 pm

Coffee Break (Room 01-21, next to conf. room C and in front of conf. room A & C)

5:00-6:30 pm

Break-out Session 3: Leveraging Climate Finance (Conference room C)

Chair:

Ms. Miria Pigato, Practice Manager, Macroeconomics and Fiscal Management GP, World Bank Group

Panelists:

Mr. Sony Kapoor, Managing Director, Re-Define

Mr. Brian Charlette, Director General-Public Debt Division, Ministry of Finance, Trade and Economic Planning, Seychelles

Mr. Rolando Toledo, Director, Fiscal Planning and Reforms Bureau​, the Philippines

Mr. Henrik Christopher Flensborg, Head of Climate & Sustainable Financial Solutions, Skandinaviska Enskilda Banken AB (SEB)

5:00-6:30 pm

Break-out Session 4: Debt Management and Monetary Policy Objectives:  What do we need to know? (Conference room A)

Chair:

Ms. Gallina Andronova Vincelette, Practice Manger, Macroeconomics and Fiscal Management Global Practice, World Bank

Panelists:

Ms. Kausaliya Ravichandran, Director, Internal Debt Management Department, Reserve Bank of India

Mr. Mike Williams, Debt Management Expert

Mr. Mats Filipsson, Head of Risk, Chief Risk Officer, Swedish National Debt Office, Sweden

Mr. Lars Mayland Nielsen, Head of Monetary Policy Operations and Government Debt, Banking and Markets, Danmarks Nationalbank

7:00 – 8:15 pm

Reception    (Hotel Zeitgeist, Vienna)


DAY TWO May 23, 2017

8:45-10:30 am

Plenary Session 3: Can Africa Borrow without Sorrow? (Conference room A)

Moderator:

Mr. Manus Cranny, Bloomberg Radio

Panelists

Mr. Regis Immongault, Minister of Economy, Planning and Programming of Development, Gabon

Ms. Razia Khan, Managing Director, Chief Economist, Africa Global Research, Standard Chartered Bank

Mr. Adrien Diouf, Managing Director, Agence UMOA-Titres

Mr. Marcelo Giugale, Director,  FABDR, Treasury, World Bank Group

Mr. Graham Stock, Head of Emerging Markets Sovereign Strategy, BlueBay Asset Management

 

 

10:30-10:45 am

Coffee Break (Room 01-21, next to conf. room C and in front of conf. room A & C)

10:45 am - 12:15 pm

Breakout Session 5: Domestic Debt Markets – Broadening the Investor Base (Conference room C)

Chair:

Dr. N. Weerasinghe, Deputy Governor, Central Bank of Sri Lanka

Panelists:

Mr. Raphael Otieno, Director, Macroeconomics and Financial Management Institute (MEFMI)

Ms. Rosalia V. de Leon, Treasurer, Bureau of the Treasury, The Philippines

Mr. Leandro Puccini Secunho, Head, Public Debt Operations Department, Brazilian National Treasury

Mr. Zsolt Bango, Senior Financial Markets Specialist, WBG

10:45 am - 12:15 pm

Breakout Session 6: Debt Sustainability in low-income Countries (Conference room A)

Chair:

Mr. Mark Thomas, Director, Credit Risk Department, The World Bank Group

 

Mr. Hans Weisfeld, Deputy Division Chief, Strategy Policy Review Department, International Monetary Fund

Mr. Juan Carlos Villanova, Program Manager, Debt Relief International

Mr. Baba Mohamadou, Head, Debt Strategy, Sustainability and Reporting Unit, Department of Debt Studies and Analysis, Autonomous Sinking Fund of Cameroon (CAA), Cameroon

Small State (TBC)

12:15-1:45 pm

Lunch (Hotel Zeitgeist, Vienna)

1:45 – 3:00 pm

 Breakout Session 7: Innovative Approaches in Sovereign Sukuk Issuance (Conference room A)

Chair:

Mr. Lars Jessen, Lead Debt Specialist, Macroeconomics and Fiscal Management Global Practice, World Bank

Panelists:

Mr. Soungalo J. P. Coulibaly, Director, Public Debt and Grants Management  Department, Ministry of Economy and Finance, Cote D’Ivoire

Mr. Emre Balibek, Senior Debt Specialist, Macroeconomics and Fiscal Management Global Practice, World Bank

Mr. Mohd. Hassan Ahmad, Head, Fiscal Policy Office, Fiscal & Economic Division, Ministry of Finance, Malaysia

Arab Monetary Fund representative

1:45 – 3:00 pm

Breakout Session 8: Government Debt Data Management (Conference room C)

Chair:

Mr. Tomas Magnusson, Chair, DMF Panel of Experts

Panelists:

Ms. Evis Rucaj, Senior Economist/Statistician, Debt Data Development Group, World Bank Group

Ms. Briar Ferguson, Adviser, Debt Management Unit, Commonwealth Secretariat

Mr. Gerry Teeling, Head of DMFAS, UNCTAD

Mr. Jaime Coronado, Coordinator, Public Debt Programs, CEMLA

3:00-3:30 pm

Coffee Break (Room 01-21, next to conf. room C and in front of conf. room A & C)

3:30-4:00 pm

 

 

 

(Conference Room A)

A conversation with:

Ms. Lakshmi Shyam-Sunder, Vice President and Chief Risk Officer, World Bank Group

Mr. Moritz Kraemer, Managing Director and Chief Ratings Officer, Sovereign Ratings, Standard and Poor Global Ratings

4:00-5:15 pm

Plenary Session 4: Shaping Debt Management Technical Assistance (Conference room A)

Chair:

Mr. Gerd Schwartz, Deputy Director, Institute of Capacity Development Dept., International Monetary Fund

Panelists:

Ms. Elisabeth Gruber, Director, Federal Ministry of Finance, Austria

Expert, WBG

Mr. Keiichiro Yuasa, Deputy Director, Credit Risk Analysis Department, Japan International Cooperation Agency (JICA)

Mr. Nura M. Danmadami, Director General, Debt Management, Governor’s Office, Debt Management Agency, Bauchi State, Nigeria

5:15-5:45 pm

Closing: Ms. Paloma Anos Casero, Director, Macroeconomics and Fiscal Management Global Practice

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