IMF Conference

December 2, 2021

8:30 – 8:32 a.m.

Welcome Remarks

Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF

8:32 – 8:40 a.m.

Opening Remarks

Bo Li, Deputy Managing Director, IMF

Read the Speech

8:40 – 9:45 a.m.

Panel Discussion

Moderator: Tobias Adrian

Panelists:

Lesetja Kganyago, Governor, South African Reserve Bank

Lesetja Kganyago was reappointed as the Governor of the South African Reserve Bank for a second term in November 2019; his first was effective from 9 November 2014. He had been a Deputy Governor of the SARB since May 2011.

Governor Kganyago has more than 20 years of experience in formulating and implementing public policy, having spent this time at the central bank and at National Treasury. He has led South Africa’s technical team in various G20 Ministers of Finance and Central Bank Governors meetings and summits, including the Inaugural Summit in 2008. He has chaired the IMF–World Bank Development Committee Deputies and the G20 Working Group on IMF Governance Reform. He was also the Vice-Chair of the Financial Stability Board’s Standing Committee on Standards Implementation for four years.

Currently, Governor Kganyago chairs the Committee of Central Bank Governors of the Southern African Development Community and co-chairs the Financial Stability Board’s Regional Consultative Group for sub-Saharan Africa. He also chairs the Financial Stability Board’s Standing Committee on Standards Implementation, and he chaired the International Monetary and Financial Committee from January 2018–December 2020.

Governor Kganyago holds a Master of Science degree in Development Economics from the University of London (School of Oriental and African Studies) and a Bachelor of Commerce degree in Accounting and Economics from the University of South Africa.

Elvira Nabiullina, Governor, Bank of Russia

Upon being appointed as the Governor of the Bank of Russia and Member of the Bank of Russia Board of Directors in June 2013, Ms. Elvira Nabiullina became the first woman to run a central bank of a G8 country.

Prior to joining the Bank of Russia, she was an economic advisor to the President of the Russian Federation. Ms. Nabiullina has built her career at the Ministry of Economy of the Russian Federation, acting as the Minister of Economic Development in 2008-2012 and the Minister of Economic Development and Trade in 2007-2008, and having held several other positions in the Ministry before that.

Ms. Nabiullina has also been the Head of the Expert Council of the Organizing Committee for Russia’s G8 Presidency in 2006, as well as the President and Head of Research at the Centre for Strategic Research Foundation.

Carmen Reinhart, Senior Vice President and Chief Economist, World Bank Group

Carmen M. Reinhart is the Senior Vice President and Chief Economist of the World Bank Group. Assuming this role on June 15, 2020, Reinhart provides thought leadership for the institution at an unprecedented time of crisis. She also manages the Bank’s Development Economics Department.

Reinhart is on public service leave from Harvard Kennedy School, where she is the Minos A. Zombanakis Professor of the International Financial System. Previously, she was Senior Policy Advisor and Deputy Director at the International Monetary Fund and held positions as Chief Economist and Vice President at the investment bank Bear Stearns. She also serves in the Advisory Panels of the Federal Reserve Bank of New York and the International Monetary Fund.

Reinhart has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy’s Top 100 Global Thinkers, and Thompson Reuters' The World's Most Influential Scientific Minds. In 2018 she was awarded the King Juan Carlos Prize in Economics and NABE’s Adam Smith Award, among others.

She holds a Ph.D. from Columbia University.