Program of Seminars

World Bank Group - International Monetary Fund Annual Meetings

Last Updated September 5, 1997
Seminar Schedule Subject to Change


9:00-9:30 Welcome
Opening Remarks James D. Wolfensohn, President, The World Bank Group

Tung Chee-hwa, Chief Executive, Hong Kong Special Administrative Region, China

10:00-12:00 Infrastructure Development in Asia: Accelerating Private Participation

The World Bank estimates that in the next ten years Asia will require US$ 1.5 to 2 trillion for infrastructure development. Despite keen interest, the private sector today provides less than 15 percent of the financing. APEC leaders have called for concrete steps to double private sector participation in the next five years.

  • How can countries and international organizations create more projects that will attract private investors?
  • How can governments expand private participation into new sectors?
  • What is the key to attracting long-term private institutional investors?
  • How do governments ensure that local demands for equity, efficiency, transparency, affordability, and environmental sensitivity are met?
Discussion Leaders Montek Ahluwahlia, Finance Secretary, India
Karl Hermann Baumann, Chief Financial Officer, Siemens AG, Germany
Toyoo Gyohten, President, Institute for International Monetary Affairs, Japan
Suk Joon Kim, Chairman and CEO, SsangYong Business Group, Korea
Rahardi Ramelan, Vice Chairman, National Development Planning Agency, Indonesia
Gordon Wu, Managing Director, Hopewell Holdings, Ltd., Hong Kong SAR, China
Moderator Victor Fung Kwok-King, Chairman, Prudential Asia Investment, Ltd., and Chairman, Hong Kong Trade Development Council, Hong Kong SAR, China
The seminar will be followed by a luncheon featuring government officials from throughout the region.
10:00-12:30 The Building Blocks for Investment and Competitiveness

While macroeconomic stability is a necessary condition for growth, it is not enough to attract and sustain private sector investment and competitiveness. In many countries, the business environment needs attention. This seminar, and the breakout sessions that follow it, will address the legal-economic conceptual framework and the practical instruments needed to encourage flexible business transactions, mobility of resources, property rights, risk mitigation, collateral and leasing practices, industrial clusters, and supply chain management.

  • What are the building blocks for investment and competitiveness and how are they established?
  • What are the impediments to fostering productivity and competitiveness?
  • What are the strategies and instruments for putting the blocks in place, filling in gaps, and creating the degree of certainty needed to encourage investment and growth?
  • How can the private and public sectors implement the strategies and apply the needed instruments?
Discussion Leaders Michael Enright, Professor, University of Hong Kong, Hong Kong SAR, China
Mahboob Mahmood, Partner, Sidley & Austin, Singapore
Hernando De Soto, President, Instituto Libertad y Democracia, Peru
Kihak Sung, Chairman and Chief Executive Officer, Youngone Corporation, Korea
Moderator David Rothkopf, Managing Director, Kissinger Associates, USA

This seminar will be followed by two breakout sessions:

Discussion Leaders R. Shyam Khemani, Manager, Competition and Strategy Group, Private Sector Development, World Bank
Joseph Saba, Country Director, West Bank and Gaza, World Bank

11:00-12:30 Corporate Citizenship - and Profitability - in Asia

Increasingly, companies are developing strategic alliances with community groups and governments to promote economic development. In Asia, such partnerships are being fashioned to further community and national development goals, while enhancing corporate reputations and profitability.

  • What types of alliances among companies, governments, and civic organizations have been most successful and why?
  • How is corporate citizenship benefiting companies?
  • How can communities and governments support and leverage such partnerships to further their development objectives?

Discussion Leaders Page Chapman, President, Bankers Trust Foundation, USA
Rudolph Schlais, Jr., President, China Operations, General Motors, China
Ratan Tata, Chairman, Tata Industries, Ltd., India
Aurora Francisco Tolentino, Executive Director, Philippine Business for Social Progress, Philippines
Moderator Peter Woo, Honorary Chairman, Wheelock & Company, Ltd., Hong Kong SAR, China

12:30-1:45 Corporate Citizenship for Youth Development

By the year 2000, roughly half of the world's population will be under the age of 20. For global companies, young people represent the markets, creativity, and labor force of the future.

  • Why are companies increasingly working with NGOs, foundations, and governments to confront challenges facing young people?
  • What types of partnerships have been most successful, and why?
  • What is being done on this front in Asia?
Discussion Leaders David Bell, Chairman and CEO, Financial Times, UK
Maria Cattaui, Secretary General, International Chamber of Commerce
Arnold G. Langbo, Chairman of the Board and CEO, Kellogg Company, USA
Jaime Augusto Zobel de Ayala II, President and CEO, Ayala Corporation, Philippines
Moderator Rick Little, President and CEO, International Youth Foundation, USA
This seminar will be a working luncheon.
2:00-3:30 Capital Account Liberalization (Public Policy Forum)

International capital flows have increased substantially faster than trade in goods and services in recent years. While many countries have liberalized their regulation of capital flows in order to realize the greatest benefit to their economies, many restrictions remain. The IMF's Articles of Agreement (Article VIII) contain a commitment for members to achieve a full liberalization of current account transactions, and so far 139 countries have accepted this obligation.

  • What are the policy implications of increased international capital flows?
  • How is further capital account liberalization impacting countries?
  • Should the IMF's Articles of Agreement be amended?
Discussion Leaders Jack Boorman, Director, Policy Development and Review Department, International Monetary Fund
François Gianviti, General Counsel, International Monetary Fund
Manuel Guitián, Director, Monetary and Exchange Affairs Department, International Monetary Fund
Flemming Larsen, Deputy Director, Research Department, International Monetary Fund
Moderator Morris Goldstein, Dennis Weatherstone Senior Fellow in International Finance, Institute for Economics, USA
2:00-3:00 Asian Entrepreneurs View the Global Market

Asian entrepreneurs are setting the pace for economic change in Asia, creating new strategies for succeeding both within and outside the region.

  • What are Asian businesses’ strategies for global expansion?
  • Where are Asian entrepreneurs investing and why?
  • What can governments do to stimulate favorable investment conditions and to encourage the growth of entrepreneurship?
Discussion Leaders Ronnie Chan, Chairman and CEO, Hang Lung Development Co., Ltd., Hong Kong SAR, China
Y.Y. Wong, Chairman, The WYWY Group, Singapore
Moderator Maria Cattaui, Secretary General, International Chamber of Commerce
2:30-5:00 A Clean Energy Future for Asia: Can Investors Meet the Challenge?

Even with expected gains in efficiency and increased private investment, Asia will require more than a trillion dollars over the next decade to meet its energy needs. This workshop session will present the World Bank Group's perspective on global approaches to energy and environmental issues, and the companion seminar that follows will explore prescriptions for environmentally sound energy investments.

  • How can coal continue to be a fuel of choice without further damage to the environment?
  • Do hydroelectric sources hold potential for more efficient and environmentally sound power?
  • Can the region increase its use of more environmentally friendly fuels, such as natural gas?
Workshop Leaders Andrew Steer, Director, Environment Department, World Bank
Richard Stern, Deputy Vice President, Human Resources, and former Director, Industry & Energy Department, World Bank
Discussion Leaders Rodney Chase, Chief Executive Officer, British Petroleum Exploration, UK
R. K. Pachauri, Director, Tata Energy Research Institute, India
Yoshihiko Sumi, Director, International Affairs Division, Agency of Natural Resources and Energy, MITI, Japan
Daniel Yergin, President, Cambridge Energy Research Associates, USA
Moderator Meg Taylor, Attorney, Gadens Ridgeway Lawyers, Papua New Guinea
3:30-5:00 India: Expanding Investment Opportunities

India is entering a new era of accelerated growth and reform, with expanding opportunities for foreign as well as domestic investors.

  • What measures is the government taking to attract and encourage private investment, particularly in infrastructure?
  • What does the private sector perceive as impediments to investment?
  • Which sectors are government priorities for private investment, and which sectors are more attractive to investors?
  • Can India emulate the East Asian development experience?
Opening Remarks Palaniappan Chidambaram, Finance Minister, India
Richard Hu, Finance Minister, Singapore
Discussion Leaders Richard Fisher, Chairman of the Executive Committee, Morgan Stanley Dean Witter, USA
Kenji Yoshizawa, Deputy President, The Bank of Tokyo-Mitsubishi, Ltd., Japan
Moderator Ratan Tata, Chairman, Tata Industries, Ltd., India
3:45-5:15 New Thinking on Aid Effectiveness

Official Development Assistance (ODA) has come under intense scrutiny in recent years. Some cuts in ODA can be attributed to budget tightening in donor countries. But others reflect a growing concern about the true effectiveness of aid.

  • What conditions are required for aid to support growth and poverty reduction effectively?
  • With growing private investment in developing countries, what is the role of development institutions?
  • What can we learn from civil society and the business community about increasing the effectiveness of aid on the ground?
Discussion Leaders David Dollar, Development Research Group, World Bank
Caroline Harper, Head of Research, Save the Children, UK
Masaki Shiratori, Vice President, Overseas Economic Cooperation Fund, Japan
Moderator Emmanuel Tumusiime-Mutebile, Permanent Secretary and Secretary to the Treasury, Ministry of Finance, Uganda
5:30-6:30 Keynote: Asia as Opportunity

Introduction James D. Wolfensohn, President, World Bank Group
Keynote Speaker The Honorable Dato' Seri Dr. Mahathir Mohamad, Prime Minister of Malaysia

6:30 - Reception

All Discussion Leaders are listed alphabetically, except for current and former heads of state.

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