Falling Commodity Prices: What it Means for Emerging Markets

IMF Seminar

imf seminars event

DATE: April 19, 2015

DAY: Sunday

11:30 AM - 1:00 PM

LOCATION: George Washington University, Jack Morton Auditorium

Sunday, April 19 AT 11 30 AM

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Emerging market countries that rely heavily on commodity exports now face a fundamental shift in their outlook, now that the world price of oil and other commodities are expected to remain relatively low for a prolonged period.  This presents these economies with challenges of how to manage economic policies in the context of a sustained shift in the terms of trade and to pursue structural reforms that diversify exports and sources of growth.  The seminar -- which will convene thought leaders from academia, market experts and policy makers -- will  explore how emerging market countries can address these challenges, drawing on lessons from previous episodes of how these countries managed to weather deep, sustained troughs in world commodity prices.



Falling Commodity Prices: What it Means for Emerging Markets


Javier Blas


Javier Blas is a Reporter-at-Large at Bloomberg News writing about the Energy and Commodities sectors. He is based in London. Previously, he wrote for nearly a decade for the Financial Times, where he was Africa Editor, Commodities Editor and Commodities Correspondent. Ealier, he wrote about the international economy for the Spanish business daily Expansion. Blas is a graduate of the University of Navarra, Spain, and studied at the  University of Sheffield, UK. He regularly appears on CNN, BBC and Al Jazeera.

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.

Ngozi Okonjo-Iweala


Dr. Ngozi Okonjo-Iweala is chair of the board of Gavi, the Global Alliance for Vaccines and Immunisation. Previously, Dr. Okonjo-Iweala served twice as Nigeria’s finance minister, from 2003 to 2006, 2011 to 2015, and briefly foreign minister, the first woman to hold both positions. She spent a 25-year career at the World Bank as a development economist, rising to the number two position of managing director, overseeing the operational portfolio in Africa, South Asia, Europe, and Central Asia.

Anthony Venables


Tony Venables is Professor of Economics at the University of Oxford where he also directs the Centre for the Analysis of Resource Rich Economies. He is a Fellow of the British Academy and of the Econometric Society. Former positions include Chief Economist at the UK Department for International Development, professor at the London School of Economics, research manager of the trade research group in the World Bank, and advisor to the UK Treasury.

Mauricio Cardenas


Mauricio Cardenas is the Minister of Finance and Public Credit, Colombia.  He worked in the economics investigation at World Bank and Fedesarollo. He began his career in the public sector as General Manager of the Bogotá´ Energy Company in 1993 and since then he has held important posts as minister of Economic Development (1994). In 1999 entered the National Planning Department, was Minister of Transport (1998). In 1999 the news network CNN and Time magazine selected him as one of the 'Leaders of the New Millennium'.

Mohammed Laksaci


Mohammed Laksaci has been the Governor of the Banque d’Algérie since 2001. He is a former university professor and has held different positions at the Bank of Algeria since the early 1990s. He holds a PhD in economics from Louvain University.