IMF Seminars, Conferences and Workshops

Who Will Pay? Coping with Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges

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Who Will Pay the Bill?
Thursday, November 13, 2003, 10:00 a.m.–11:30 a.m.
Room B-702 (Enter via the IMF Center)
720 19th St. N.W., Washington, DC

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Transcript of the proceedings.

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Across the world, a number of current and emerging problems--such as aging populations—pose fiscal challenges for industrial and developing countries alike. Governments will be forced to make difficult choices between competing goals. What are the long-run risks faced by governments? How does the private sector take account of such risks as well as "inevitable surprises"? What are some of the techniques used by governments to assess long-run risks? Does the U.S. in particular face significant problems in coming decades? The following panelists will attempt to answer these questions:

Peter Heller (Moderator)
Deputy Director
Fiscal Affairs Department

John Hamre
President & CEO
Center for Strategic & International Studies

Maya MacGuineas
New America Foundation

Frank Eich
Economic Advisor
HM Treasury, London, U.K.

Peter Schwartz
Global Business Network