IMF  SEMINAR
"Asia and the IMF"

Friday, September 19, 1997
Hong Kong, China


9:00–9:25 a.m. Opening Session
Chaired by: Mr. Stanley Fischer, First Deputy Managing Director, IMF
Welcoming Remarks: Mr. CHEN Yuan, Deputy Governor, People’s Bank of China The Successful Soft Landing of the Chinese Economy and Its Impact on Asia

9:30–10:45 a.m. Session 1: The IMF Approach to Macroeconomic Policy
Chaired by: Mr. Toyoo Gyohten, President, Institute for International Monetary Affairs, Tokyo
Lead Speaker: Mr. Michael Mussa, Economic Counsellor and Director, Research Department, IMF The IMF Approach to Macroeconomic Policy
Discussants: Mr. Montek Singh Ahluwalia, Finance Secretary, India
Mr. Andrew Sheng, Deputy Chief Executive, Hong Kong Monetary Authority

11:15 a.m.–12:30 p.m.  Session 2: The Changing Emphasis of the Fund, Implications for Stabilization and Growth Policies
Chaired by: Professor Ali Wardhana, Economic Advisor to the President, Indonesia
Lead Speakers: Mr. Vito Tanzi, Director, Fiscal Affairs Department, IMF The Changing Role of Fiscal Policy in Fund Policy Advice
Mr. Jack Boorman, Director, Policy Development and Review Department, IMF The Changing Emphasis of the Fund, Implications for Stabilization and Growth Policies
Discussants: Ms. Hashbat Hulan, Chairperson, Parliamentary Standing Committee on Social Policy, Mongolia
Mr. J. Estanislao, President of the University of Asia and the Pacific (former Secretary of Finance), Philippines

12:45–2:00 p.m. Luncheon Speaker: (Lunch co-hosted with Hong Kong Monetary Authority)
Welcoming Remarks: Mr. Joseph Yam, Chief Executive, Hong Kong Monetary Authority
Speaker: Stanley Fischer, First Deputy Managing Director, IMF Captial Account Liberalization and the Role of the IMF

2:15–3:30 p.m. Session 3: Current Perspectives on the Asian Economic Record
Chaired by: Mr. Soedradjad Djiwandono, Governor, Bank Indonesia
Lead Speaker: Professor Kazuo Ueda, University of Tokyo
Discussants: Professor Ross Garnaut, Director, Research School of Pacific and Asian Studies, Australian National University
Dr. NOORDIN Sopiee, Chairman, Institute of Strategic Studies, Kuala Lumpur, Malaysia
Dr. Young-Ki Lee, Vice-President, Korea Development Institute

3:45–5:00 p.m. Session 4: Future Challenges for Sustaining Growth in the Asian Region
Chaired by: Mr. Shigemitsu Sugisaki , Deputy Managing Director, IMF
Lead Speaker: Mr. Peter Sutherland, Chairman, Goldman Sachs International
Discussants: Dr. PISIT Leeahtam, Executive Vice President, Bangkok Bank, Thailand
Dr. TEH Kok Peng, Deputy Managing Director, Monetary Authority of Singapore

5:00–5:30 p.m. Closing Session
Chaired by: Mr. Alassane D. Ouattara, Deputy Managing Director, IMF
Closing Remarks: Mr. P.R. Narvekar, former Deputy Managing Director, IMF, Special Advisor to the President, Nikko Securities
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