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XI Annual Regional Conference on Central America, Panama and the Dominican Republic

XI Annual Regional Conference on Central America, Panama and the Dominican Republic

Punta Cana (Dominican Republic)
July 26-27, 2012

Domestic activity in most countries of the region has been relatively strong despite the slow U.S. economic recovery and negative external shocks but vulnerabilities remain.

The eleventh annual conference will discuss the appropriate stance of macroeconomic and financial policies and the optimal pace at which countries should rebuild their macroeconomic and financial buffers to increase its capacity to respond to adverse economic shocks. It will also discuss the role of structural reforms in boosting economic growth in the region.

In addition the conference will analyze the short and medium-term outlook for the global economy growth, with special emphasis on the possible effects on the region of developments in the U.S. and Europe.


XI Annual Regional Conference on Central America, Panama and the Dominican Republic
Tentative Schedule
Thursday, July 26, 2012
12:30–2:30 p.m.

Informal Lunch (Los Gallos Restaurant)

2:30–3:00 p.m. Opening Remarks:

Inauguration

Opening Remarks

Héctor Manuel Valdez Albizu, Governor, Central Bank of the Dominican Republic

Min Zhu, Deputy Managing Director, IMF

 

Closed session begins, by invitation only—media withdraws.

3:00–4:15 p.m.

Session I: The Global Financial Landscape

Global financial stability remains fragile. This session will discuss global financial stability risks, including the immediate challenges facing the euro area and latent risks in the United States and emerging economies. The discussion will include an analysis of recent measures and policy recommendations on how to mitigate those risks.

Speaker:

José Viñals, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF

Moderator:

Nicolás Eyzaguirre, Director, Western Hemisphere Department, IMF

 

Questions and Discussion

4:15–4:45 p.m.

Coffee Break

4:45–6:15 p.m.

Session II: Global Economic Outlook: Implications for CAPDR

Global growth will continue to be moderate and faces risks that are tilted to the downside. The session will discuss the outlook and risks faced by the world economy and the implications for CAPDR.

Speaker:

Nicolás Eyzaguirre, Director, Western Hemisphere Department, IMF

Moderator:

José Viñals, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF

 

Questions and Discussion

8:00–10:00 p.m.

Dinner

Introduction:

Héctor Manuel Valdez Albizu, Governor, Central Bank of the Dominican Republic

Keynote speaker:

Min Zhu, Deputy Managing Director, IMF

Topic: [to be determined]

Friday, July 27, 2012
9:00–10:15 a.m.

Session III: The Macroeconomic Defenses in CAPDR: 4 years after the crisis

The session will take stock of progress in the task of rebuilding the macroeconomic buffers used during the global crisis of 2008-09. The discussion will assess progress in rebuilding external, financial and fiscal buffers and the region preparedness to mitigate future adverse shocks.

Speaker:

Miguel Savastano, Deputy Director, Western Hemisphere Department, IMF

Moderator:

Maria Antonieta de Bonilla, Manager of Banco Reformador, Former President of the Central Bank of Guatemala, and Former Minister of Finance of Guatemala

 

Questions and Discussion

10:15–10:45 a.m.

Coffee Break

10:45 a.m.–12:00 p.m.

Session IV: Outward Orientation and Macroeconomic Performance in CAPDR

CAPDR needs to create the conditions to raise and sustain economic growth. The session will assess the role that external trade may play in helping the region reduce the income gap with advanced economies. Particular attention will be paid to deepening regional integration and increasing the global export potential as vehicles to enable growth.

Speaker:

Marco Piñón, Central American Division Chief, Western Hemisphere Department, IMF

Moderator:

Arturo Cruz, Full Professor INCAE Business School, member of the Regional Advisory Group of the Western Hemisphere Department of the IMF, Former Ambassador of Nicaragua to the U.S.

 

Questions and Discussion

12:00 noon–

12:30 p.m.

Closing Remarks:

Rodrigo Bolaños Zamora, President, Central American Monetary Council and President of the Central Bank of Costa Rica

Nicolás Eyzaguirre, Director, Western Hemisphere Department, IMF

12:30–1:00 p.m.

Press Conference (Convention Center)

12:30–2:30 p.m.

Informal Lunch (Free)

7:30 p.m.–12:00 mid night

Closing Dinner (Convention Center)