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XVI Regional Conference for Central America, Panama, and the Dominican Republic; November 14-15, 2018; Bavaro, Dominican Republic

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  • Interview with Alejandro Werner on the Latest Economic Developments in Latin America

  • The World Economy: Synchronized Slowdown, Precarious Outlook – IMF Blog

  • Western Hemisphere Region Regional Economic Outlook: Stunted by Uncertainty, October 2019

Past Conferences

  • XV Regional Conference for Central America, Panama, and the Dominican Republic

  • XIV Regional Conference on Central America, Panama, and the Dominican Republic

  • XIII Regional Conference on Central America, Panama, and the Dominican Republic

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XVI Regional Conference for Central America, Panama, and the Dominican Republic

Bávaro, República Dominicana

November 14-15, 2019

The International Monetary Fund (IMF) and the Central Bank of Dominican Republic will host the XVI Regional Conference for Central America, Panama, and the Dominican Republic on November 14-15, 2019 in Bavaro, Dominican Republic. Against the backdrop of a still challenging external environment and rising debt levels in the region, this year’s conference will focus on some major structural issues through a wide-ranging discussion on the efficiency of tax incentives; the impact of dollarization and implications; and the role Fintech can play in facilitating cross-border transfers, especially remittances.

Wednesday, November 13, 2019

7:00–9:00 pm Welcome Cocktail

Thursday, November 14, 2019

12:00–2:00 pm Informal Lunch
2:00–2:30 pm Inauguration – Rooms 5 and 6 of the Convention Center

Opening remarks:

Mitsuhiro Furasawa, Deputy Managing Director, IMF

Héctor Valdez, Governor, Central Bank of the Dominican Republic

2:30–4:00 pm

Session I. Global and Regional Outlook

Speaker:

Ravi Balakrishnan, Central America Division Chief, Western Hemisphere Department, IMF

Trevor Alleyne, Assistant Director and Central America Division Chief, IMF Trevor Alleyne is an Assistant Director and Division Chief for Central America in the Western Hemisphere Department at the International Monetary Fund, serving also as mission chief to Costa Rica. Mr. Alleyne has been at the IMF since 1992, with assignments mainly in the African and Western Hemisphere Departments. Prior to joining the Fund, he was a principal analyst at the U.S. Congressional Budget Office from 1986 to 1992. He holds a B.Sc. from the University of the West Indies, a M.A. from the University of Pennsylvania, and a Ph.D. from the University of Maryland.

Moderator:

Marta Ruiz-Arranz, Principal Economic Advisor for Central America, Haiti, Mexico, Panama and the Dominican Republic, IDB

Questions and Discussion

4:00-4:10 pm

Authorities' Picture

4:00–4:30 pm Coffee Break
4:30–6:00 pm

Session II. Impact of dollarization and policy implications

Moderator:

Alina Carare, Central American Deputy Division Chief, Western Hemisphere Department, IMF

Luis Miguel Castilla, Manager, Office of Strategic Planning and Development Effectiveness, IDB Luis Miguel Castilla is the General Manager of the Office of Strategic Planning and Development Effectiveness at the Inter-American Development Bank. Previously, he served as Ambassador of Peru to the United States and Minister of Economy and Finance of Peru. He has close to twenty years of experience at multilateral development banks, holding senior positions at the Andean Development Corporation (CAF), among others. He holds a Ph.D. in Economics from the Johns Hopkins University.


Panelists:

Rodrigo Valdés, Former Minister of Finance of Chile


Adrian
 Armas, Manager of Economic Studies, Central Reserve Bank of Peru

Andrew Powell, Principal Advisor in the Research Department, IDB

Questions and Discussion

7:00–10:00 pm Dinner – Convention Center


Introduction:
Héctor Valdez, Governor, Central Bank of Dominican Republic

Keynote speaker:
Rodrigo Valdés, Former Minister of Finance of Chile

Augusto de la Torre, Nonresident Senior Fellow in the Global Economy and Development Program, The Brookings InstitutionAugusto de la Torre works internationally as a free-lance senior policy consultant, teaches at Columbia University’s School of Public and International Affairs, holds the position of Director of the Economics Research Center at the Universidad de las Américas in Quito, Ecuador, and is a Non-Resident Senior Fellow at the Brookings Institution. He worked for the World Bank occupying various senior roles, including as Chief Economist for Latin America. Prior to that, he served as the Governor of the Central Bank of Ecuador (1993-1996) and as an economist for the IMF (1986-1992). He has published extensively on a broad range of financial, macroeconomic, and economic development topics. He holds M.A. and Ph.D. degrees in Economics from the University of Notre Dame and holds a Licenciatura in Philosophy from the Catholic University of Ecuador.

Friday, November 15, 2019

7:30 am Deputy Managing Director High-Level Breakfast (by invitation only)

8:45–10:00 am

Session III. Efficiency of tax incentives from a multi-country perspective

Moderator:

Roberto García-Saltos, Latin Caribbean Deputy Division Chief, Western Hemisphere Department, IMF

Gabriela Andrade, Financial Markets Lead Specialist, IDBGabriela Andrade is a Financial Markets Lead Specialist at the Connectivity, Markets and Finance Division of the Inter-American Development Bank (IDB), where she is working in topics related to Fintech, digital currencies, financial inclusion, gender issues in the financial sector and the use of guarantees to scale up private financing for development. Ms. Andrade joined the IDB in 2006 and has had different positions, including coordinator of concessional finance, economic advisor to the Vice-President for Countries, and country economist. Ms. Andrade holds undergraduate and graduate degrees in Economics and International Development from McGill University.


Panelists:

Dyalá Jiménez Figueres, Minister of Foreign Trade, Costa Rica


Michael Keen
, Deputy Director, Fiscal Affairs Department, IMF

Magín Díaz, Director General of Internal Taxes, The Dominican Republic

Ana Margoth Arévalo, Executive Secretary of the Central American Council of Superintendents of Banks, Insurance and Other Financial InstitutionsAna Margoth Arévalo is the Executive Secretary of the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions since August 2011. She previously served as advisor to the Superintendency of the Financial System of El Salvador. She has a M.A. in economic development and a Ph.D. in economics with a specialty in international economics and econometrics from Vanderbilt University.

Questions and Discussion

10:00–11:15 am

Session IV. Fintech Solutions for Remittance Transfers

Moderator:

Esther Pérez Ruiz, Mission Chief for Guatemala, Western Hemisphere Department, IMF

Stephane Hallegatte, Lead Economist, Climate Change, World BankStephane Hallegatte is the lead economist with the Global Facility for Disaster Reduction and Recovery (GFDRR) at the World Bank. He was a lead author of the 5th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC). He is the author of dozens of articles published in international journals in multiple disciplines and of several books. He also led several World Bank reports including Shock Waves in 2015, and Unbreakable in 2016. He was the team leader for the World Bank Group Climate Change Action Plan, a large internal coordination exercise to determine and explain how the Group will support countries in their implementation of the Paris Agreement. In 2018, he received the Burtoni award for his work on the link between climate change adaptation and poverty reduction. He holds an engineering degree from the Ecole Polytechnique (Paris) and a Ph.D. in economics from the Ecole des Hautes Etudes en Sciences Sociales (Paris).


Panelists:

Rodrigo García, Vice President and General Manager for Mexico, Central America and Caribbean, Western Union

Carlos Trascasa, Senior Partner and Leader of Global Payments Practice, McKinsey

Questions and Discussion

11:15–11:45 am

Closing Remarks:

Héctor Valdez, Governor, Central Bank of the Dominican Republic


Alejandro Werner
, Director, Western Hemisphere Department, IMF

Carlos Paredes, President, Central American Monetary Council

Ovidio Reyes, President, Central Bank of Nicaragua

Ovidio Reyes, President of the Central Bank Ovidio Reyesis the President of the Central Bank since January 2014. Previously he was General Manager of the Central Bank (2012-13) and, before that, Chief Economist of the Ministry of Finance (2004-2012). He holds a degree in Economics (1989) from the National Autonomous University of Nicaragua and master degrees in economics from the Pontifical Catholic University of Chile and Pennsylvania State University.

11:45 am–12:15 pm Press Conference – Rooms 5 & 6 of the Convention Center
12:00–2:00 pm Informal Lunch
8:00 pm Closing Reception

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