Emerging Markets at the Crossroads: Challenges and Opportunities

IMF Seminar

imf seminars event

DATE: April 14, 2016

DAY: Thursday

2:30 PM - 3:45 PM

LOCATION: George Washington University, Jack Morton Auditorium

Thursday, April 14 AT 02 30 PM

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Emerging markets (EMs) are at the crossroads of three major transitions facing the global economy: an increase in U.S. interest rates, China’s shift to consumption-led growth, and lower commodity prices. Against this backdrop, many EMs also face rising private debt and leverage. These circumstances present both challenges and opportunities for EMs. This session will examine both the tradeoffs and policy tools needed to navigate these uncertain times, including polices aimed at gradual de-leveraging while limiting the impact on growth.

Media Partners

Emerging Markets at the Crossroads: Challenges and Opportunities


Moderator: Axel Threlfall


Mr. Axel Threlfall is Editor-at-Large, Reuters, based in London. Alongside his editorial duties, he hosts high-profile engagements and thought leadership events for and on behalf of Reuters and Thomson Reuters, such as the Newsmaker series and the World Economic Forum news show in Davos. He was previously Lead European Anchor for Reuters Digital Video. Prior to joining Reuters, Axel spent four years as an anchor for CNBC in London. Before that, he was an editor with The Wall Street Journal in New York and a news reporter for Bloomberg in London. He has also advised businesses and NGOs on their dealings with the international media. Axel is frequently asked to moderate events for international organizations, including the United Nations and the OECD. He has a BA in History from Durham University and a postgraduate degree in journalism from City University, London.

(As of April 2016)

David Lipton


Mr. David Lipton has been First Deputy Managing Director of the International Monetary Fund in 2011. Before coming to the Fund, he was Special Assistant to the President and Senior Director for International Economic Affairs at the White House. Previously, he served as Under Secretary for International Affairs at the U.S. Treasury.

Ksenia Yudaeva


Ms. Ksenia Yudaeva is the First Deputy Governor of Bank of Russia since September 2013 and a member of the Bank of Russia Board of Directors since 18 October 2013. Before this, she was the Chief of the Experts’ Directorate to the Presidential Administration in Moscow from 2012 to 2013. Prior to this, she worked at the Sberbank Centre for Macroeconomic Researches in Moscow as Director, Chief economist and senior advisor to the President from 2008 to 2012.

Ms. Yudaeva was awarded the Order of Honour, and commendation of the President of the Russian Federation. She holds a Ph.D. in Economics from the Massachusetts Institute of Technology and graduated from the M.V. Lomonosov Moscow State University in 1992.

Alfonso Prat-Gay


Mr. Alfonso Prat-Gay is Minister of Treasury and Public Finance, Argentina, since December 2015. He was Governor of the Central bank of the Argentina Republic from 2002 and 2004. He won the 2004 Euromoney Central Bank Governor of the Year award, for having reduced the inflation from 40 to 5 percent while maintaining an economic growth of 8 percent. From 2009 to 2013 he was a member of the Republic of Argentina’s Congress. Before becoming Governor he had worked 7 years at JPMorgan (in London, New York, and Buenos Aires).  He was chairman of Tilton Capital, an asset management company he co-founded in 2005, and president of the Fundación Andares para el desarrollo de las Microfinanzas ("Paths toward the Development for Microfinancing"). He earned a degree in economics from the Universidad Católica Argentina, and obtained his master's degree at the University of Pennsylvania, where he was a PhD candidate.

(As of April 2016)

Gene Frieda


Gene Frieda joined PIMCO in 2016 as executive vice president and global strategist based in London, and is co-head of foreign exchange strategy. Prior to that, he served as a partner and global strategist at Moore Capital, focusing on global macroeconomic and financial sector policy issues. He also ran emerging markets research and strategy for the Royal Bank of Scotland in London and for 4Cast in London and Singapore. He has 23 years of investment experience and holds a master's degree in economics from the London School of Economics. He has served as a member of the World Economic Forum’s Global Agenda Council on Global Imbalances, a member of the UN Expert Panel on Financing Global Education and as an associate of the Political Economy of Financial Markets program at Oxford University.