{ "title": "Press Release: IMF Hosts Conference on “Managing Capital Flows: Lessons from Emerging Markets for Frontier Economies” in Mauritius", "publication": "IMF News, March 3, 2015", "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1593", "canonical": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1593", "overlayPath": "/en/news/articles/2015/09/14/01/49/pr1593/index.md", "summary": "Press Release No. 15/93", "publishDate": "2015-03-03", "sections": [ { "heading": "Event details", "content": "- Press Release No. 15/93\n- Date: March 03, 2015\n- Location: Balaclava, Turtle Bay, Mauritius\n- Event date: March 2, 2015\n- Organized by: The International Monetary Fund (IMF)\n- Opening speakers: The Hon. Seetanah Lutchmeenaraidoo, Minister of Finance and Economic Development of Mauritius; David Lipton, First Deputy Managing Director of the IMF\n- Keynote address: Princeton Professor Dani Rodrik, Institute for Advanced Study, Princeton\n- Media Relations contact: E-mail: media@imf.org; Phone: 202-623-7100" }, { "heading": "Purpose and context", "content": "- Provide a forum for policy makers from emerging and frontier markets to share experiences in managing capital flows.\n- Facilitate discussions about policy options to maximize benefits of foreign capital while minimizing risks associated with inflow surges.\n- Context: rising volatility of cross-border capital flows." }, { "heading": "Key findings and consensus from participants", "content": "- Capital flows to frontier and emerging market countries are generally beneficial, and provide an important source of financing for investments.\n- Large capital inflows (and potential reversals) can pose macroeconomic challenges and financial-stability risks." }, { "heading": "Policy options and recommendations discussed", "content": "- Maintain fiscal discipline and ensure debt sustainability.\n- Allow the currency to appreciate to the extent that it does not become overvalued.\n- Deploy a host of policy tools, including:\n - Monetary policy geared to meeting the inflation target.\n - Foreign exchange intervention in the face of currency appreciation pressures, provided:\n - the costs of sterilization are manageable, and\n - the credibility of the monetary policy framework is not jeopardized.\n - Macroprudential measures.\n - In some circumstances, capital controls." }, { "heading": "Participants", "content": "- Speakers included policy makers and senior officials from: Bangladesh, Ghana, India, Kenya, Mauritius, Nigeria, South Africa, Uganda and Zambia.\n- Also in attendance: distinguished academics, market participants, and senior officials from a number of frontier and emerging market countries.\n\nPress Release No. 15/93, March 03, 2015.\n\n---\n\n\n References\n\n- Mauritius and the IMF\n- Bangladesh and the IMF\n- Ghana and the IMF\n- India and the IMF\n- Kenya and the IMF\n- Nigeria and the IMF\n- South Africa and the IMF\n- Uganda and the IMF\n- Zambia and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1593" } ], "bullets": [ "[Markdown version](/en/news/articles/2015/09/14/01/49/pr1593/index.md)", "[Structured JSON version](/en/news/articles/2015/09/14/01/49/pr1593/index.json)", "[Bundle manifest](/en/news/articles/2015/09/14/01/49/pr1593/bundle-manifest.json)", "Published: March 3, 2015", "Press Release No. 15/93", "Date: March 03, 2015", "Location: Balaclava, Turtle Bay, Mauritius", "Event date: March 2, 2015", "Organized by: The International Monetary Fund (IMF)", "Opening speakers: The Hon. Seetanah Lutchmeenaraidoo, Minister of Finance and Economic Development of Mauritius; David Lipton, First Deputy Managing Director of the IMF", "Keynote address: Princeton Professor Dani Rodrik, Institute for Advanced Study, Princeton", "Media Relations contact: E-mail: media@imf.org; Phone: 202-623-7100", "Provide a forum for policy makers from emerging and frontier markets to share experiences in managing capital flows.", "Facilitate discussions about policy options to maximize benefits of foreign capital while minimizing risks associated with inflow surges.", "Context: rising volatility of cross-border capital flows.", "Capital flows to frontier and emerging market countries are generally beneficial, and provide an important source of financing for investments.", "Large capital inflows (and potential reversals) can pose macroeconomic challenges and financial-stability risks.", "Maintain fiscal discipline and ensure debt sustainability.", "Allow the currency to appreciate to the extent that it does not become overvalued.", "Deploy a host of policy tools, including:", "Speakers included policy makers and senior officials from: Bangladesh, Ghana, India, Kenya, Mauritius, Nigeria, South Africa, Uganda and Zambia.", "Also in attendance: distinguished academics, market participants, and senior officials from a number of frontier and emerging market countries.", "[Mauritius and the IMF](http://www.imf.org/external/country/MUS/index.htm)", "[Bangladesh and the IMF](http://www.imf.org/external/country/BGD/index.htm)", "[Ghana and the IMF](http://www.imf.org/external/country/GHA/index.htm)", "[India and the IMF](http://www.imf.org/external/country/IND/index.htm)", "[Kenya and the IMF](http://www.imf.org/external/country/KEN/index.htm)", "[Nigeria and the IMF](http://www.imf.org/external/country/NGA/index.htm)", "[South Africa and the IMF](http://www.imf.org/external/country/ZAF/index.htm)", "[Uganda and the IMF](http://www.imf.org/external/country/UGA/index.htm)", "[Zambia and the IMF](http://www.imf.org/external/country/ZMB/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2015/09/14/01/49/pr1593/index.md", "json": "/en/news/articles/2015/09/14/01/49/pr1593/index.json", "bundleManifest": "/en/news/articles/2015/09/14/01/49/pr1593/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T22:00:42.883Z" }