The Future of Asia's Finance


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Future of Asia's Finance: Financing for Development 2015

Joint IMF-Bank Indonesia Conference

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Location: Bank Indonesia, Function Room, Thamrin Building 4th Floor, Jakarta, Indonesia

September 2, 2015

Sep 1-2, 2015, Jakarta, Indonesia

To sustain Asia’s growth momentum for the next generation, financial sector innovation is the key. In the short-term, emerging and developing Asia may face a period of financial volatility ahead. For this, integration and deepening of Financial markets can help preserve financial stability. Looking ahead, infrastructure is essential in building the future, raising potential growth and crowd-in private investment which creates jobs. Financial inclusion is very important both in improving efficiency in mobilizing savings and to make the growth more inclusive.

The IMF and the Indonesian Government are organizing this high-level conference to explore new financing modalities for the region’s dynamic emerging market economies. The event is part of the IMF’s “Future of Asia’s Finance” multi-year initiative, broadened to inform the global agenda on financing for development.

IMF Managing Director Christine Lagarde and Bank Indonesia Governor Agus D.W. Martowardojo will open the conference. Participants will include senior policy-makers from within the region and beyond, prominent academics, private sector representatives, CSOs, and journalists.

The IMF will also launch a book, entitled "The Future of Asia's Finance", which summarizes studies and policy recommendations by its staff.

Participation in the conference is by invitation only. However a live webcast of the panel sessions will be available on this page.

Click on a presentation title to see the PDF. Click on a speaker name to see a short biography.

Wednesday, September 2, 2015


Registration (and light breakfast)
MC: Ulric Erickson von Allmen, Division Chief, Monetary and Capital Markets Department, IMF


Introduction and Welcome Remarks
Agus D.W. Martowardojo, Governor, Bank Indonesia


Session 1 — Financing for Development
Initial RemarksChristine Lagarde, Managing Director, IMF


  • Bambang Brodjonegoro, Minister of Finance, Indonesia
  • Urjit Patel, Deputy Governor, Reserve Bank of India
  • Hiroshi Nakaso, Deputy Governor, Bank of Japan
      - Presentation
  • Andrew Sheng, Distinguished Fellow, Asia Global Institute, University of Hong Kong


  • Lin Xueling, Editor/Presenter, Channel NewsAsia

Topics for discussion

  • Possible turbulence from changes in global and regional financial environment and in global financial regulation
  • Financial deepening, integration and financial stability
  • Infrastructure investment: efficiency and resources mobilization
  • Encouraging private sector participation
  • Financial inclusion

Coffee Break


Book Launch: Future of Asia’s Finance (Check the book page)


  • Min Zhu, Deputy Managing Director, IMF (recorded video)

Small panel

  • Chikahisa Sumi, Assistant Director, Asia and Pacific Department, IMF
  • James P. Walsh, Deputy Division Chief, Monetary and Capital Markets Department, IMF


  • Douglas J. Elliott, Brookings Institution



Session 2 — Mobilizing Resources for Development Presentation

  • Kalpana Kochhar, Deputy Director, Asia and Pacific Department, IMF


  • Muliaman Hadad, Chairman of Financial Service Authority (OJK), Indonesia
  • Bambang Susantono, Vice President, Asian Development Bank
  • Jin-Yong Cai, CEO, International Finance Corporation (IFC)
  • Jörg Zeuner, Chief Economist, KfW Bankengruppe, Germany
  • Julius Caesar Parreñas, Chief Sherpa of Asia and Pacific Infrastructure Partnership (APIP), APEC Business Advisory Council (ABAC)


  • Desi Anwar, Metro TV, Indonesia

Topics for discussion

  • Asia’s financing needs to address its long run challenges
  • Mobilizing domestic resources
  • Mobilizing external resources

Coffee Break


Session 3 — Financial Deepening and Inclusion Presentation

  • Ratna Sahay, Deputy Director, Monetary and Capital Markets Department, IMF


  • Agus D.W. Martowardojo, Governor, Bank Indonesia
  • William Oswald, Head of FICC research, Standard Chartered Bank
  • Kamal Quadir, Chief Executive Officer, bKash Limited
  • Alok Prasad, former CEO of Microfinance Institutions Network (MFIN)


  • Sharanjit Leyl, Producer and Presenter, BBC World News

Topics for discussion

  • Growth, Stability, and Financial Deepening: Costs and Benefits
  • Increasing Access to Finance
  • Building a safe environment to maximize the benefits of financial deepening and financial inclusion

Closing Remarks
IMF and Indonesian Officials