Bridging the Pacific: Harnessing The Benefits Of Rising Trade And Financial Integration Between Asia And Latin America

IMF Seminar

imf seminars event

DATE: October 7, 2015

DAY: Wednesday

11:30 AM - 1:00 PM Lima Time

LOCATION: Lima Convention Center 6 - Pachacamac

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Asia and Latin America have become increasingly integrated over the past decade. Trade relations so far have centered on commodities, with Asia receiving a large share of Latin America’s resource exports.  As commodity demand from China declines, how is the pattern of trade between Asia and Latin America likely to change? Can closer trade and financial integration provide a new impetus to growth, and what role can trade agreements play? As Latin America seeks to restart growth, are there lessons to be learned from the experience of Asia’s fast growing economies, and in turn, what can Asia learn from Latin America’s experience? How could Latin America diversify its production and move toward greater value-added exports? What policies are needed to promote innovation and greater dynamism? Are there social consequences from greater trade and financial integration? 

Bridging the Pacific: Harnessing The Benefits Of Rising Trade And Financial Integration Between Asia And Latin America

Latin America in the Spotlight


Moderator: Josefina Townsend


Josefina Townsend is a TV presenter at the state network TV Peru. She studied Law at Pontificia Universidad Catolica del Peru. Between 2004 and 2011 she was a presenter at Peruvian private cable news channel Canal N. Between 1994 and 2002 she was a reporter and anchor for US news network CNN En Español.

David Lipton


David Lipton assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2011. On March 28, 2016, he was reappointed for a second five-year term beginning September 1, 2016. Before coming to the Fund, Mr. Lipton was Special Assistant to the President, and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House. Previously, he was a Managing Director at Citi, and also served in the Clinton administration as Under Secretary of the Treasury for International Affairs — and before that as Assistant Secretary. Mr. Lipton earned a Ph.D. and M.A. from Harvard University in 1982 and a B.A. from Wesleyan University in 1975.

Caroline Atkinson


Caroline Atkinson, is Deputy Assistant to the President and Deputy National Security Advisor for International Economics. Atkinson is the President’s personal representative to major international economic summits, including the G-7 and the G-20. She is currently the President’s senior international economic advisor, coordinating the policy-making process and driving the execution of policy on international economic affairs, including financial, trade and investment, development, energy and environmental issues. Atkinson served as Special Assistant to the President for International Economic Affairs from August 2011 to June 2013. Atkinson played a central role in the Administration's response to the European financial crisis, supported work in the G-8 and G-20 and led the interagency efforts on the economic response to the Arab Spring. Prior to joining the Obama Administration, Atkinson was a senior executive in the International Monetary Fund. She has previously served in the United States Department of the Treasury as Senior Deputy Assistant Secretary for International Monetary and Financial Policy from 1997-2001, as a Senior Fellow at the Council on Foreign Relations, as a Senior Director at Stonebridge International and as a Head of Division on Regulatory Policy at the Bank of England. Atkinson began her career as a journalist for the Washington Post, the Economist, and the Times of London. Atkinson was born in Washington, D.C. She received her undergraduate degree from Oxford University.

Yi Gang


Yi Gang has been Deputy Governor of the People's Bank of China since 2007. From 2009 to 2016, he served concurrently as Director of the State Administration of Foreign Exchange (SAFE). He has served in a number of other positions at the PBoC, including Secretary-General of the Monetary Policy Committee, Director-General of the Monetary Policy Department, Assistant Governor, and President of the Operations Office. He was previously an assistant professor of economics at Indiana University, and holds a Ph.D. from the University of Illinois.

Piero Ghezzi Solis


Piero Ghezzi, is the Minister of Production of Peru. Mr. Ghezzi has a distinguished career in the financial private sector, and academia. Before his current position, Mr. Ghezzi was a macroeconomic consultant to the Inter-American Development Bank (IDB) in Washington and a member of the Commission that established the methodology for the New Fiscal Rule in Peru. He was Managing Director, Head of Economics and Emerging Markets Research, Barclays Capital. Prior to that, Mr. Ghezzi was a Managing Director and Co-Head of Emerging Markets Strategy and Head of Latin America Research at Deutsche Bank. Previously, Mr. Ghezzi taught at Johns Hopkins University in the Economics department. Mr. Ghezzi received a PhD in Economics from the University of California at Berkeley, an Advanced Studies Certificate (ASC) in International Economics Policy from the Kiel Institute of World Economics in Germany, and a BA in Economics from Peru’s Universidad del Pacifico. He is the author of several books and has published regularly in academic and market journals.

Eswar Prasad


Eswar Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He is a former head of the IMF's China Division. His latest book is The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance (Princeton University Press, February 2014). His previous book, Emerging Markets: Resilience and Growth Amid Global Turmoil, was published in December 2010 (with M. Ayhan Kose; Brookings Institution Press). He has co-authored and edited numerous other books and monographs, including on financial regulation and on China and India. Prasad has testified before the Senate Finance Committee, the House of Representatives Committee on Financial Services, and the U.S.-China Economic and Security Review Commission. He serves on an Advisory Committee to India's Finance Minister and is the Lead Academic for the DFID-LSE International Growth Center's India Growth Research Program. He is the creator of the Brookings-Financial Times world index (TIGER: Tracking Indices for the Global Economic Recovery; His op-ed articles have been published in the Financial Times, Harvard Business Review, New York Times, Wall Street Journal, and Washington Post.