2016 Michel Camdessus Central Banking Lecture

IMF Headquarters 2 (HQ2), Conference Halls 1 & 2
Washington DC, June 24, 2016, 10:30am - 12:00pm

Zhou Xiaochuan, the Governor of the People's Bank of China delivered the Michel Camdessus Central Banking Lecture at the IMF in Washington, DC on June 24, 2016. IMF Managing Director Christine Lagarde gave introductory remarks and discussed central banking issues with Zhou Xiaochuan following his lecture.

This annual lecture series highlights the International Monetary Fund's commitment to collaboration with member countries' central banks and provides a forum to discuss topical issues in central banking.

10:30 - 10:50 am

Coffee Reception

10:50 - 11:00 am
Welcome Remarks by Christine Lagarde, Managing Director, IMF

Christine Lagarde is the eleventh Managing Director of the IMF, and the first woman to hold that position. Serving since 2011, she has been reelected for a second five-year term starting on July 4, 2016. A lawyer by background, she practiced for 20 years with the international law firm Baker & McKenzie, of which she became global chairman in 1999. In 2005, Christine Lagarde joined the French government as Trade Secretary. Two years later, she became the first woman to hold the post of Finance and Economy Minister of a G7 country. From July to December 2008, she also chaired the ECOFIN Council, which brings together Economics and Finance Ministers of the European Union, and helped foster international policies related to financial supervision, regulation, and strengthening global economic governance. As Chairman of the G20 when France took over its presidency for the year 2011, she set in motion a wide-ranging work agenda on the reform of the international monetary system.

11:00 - 11:30 am
Lecture by Zhou Xiaochuan, Governor, People's Bank of China
Zhou Xiaochuan

Zhou Xiaochuan has served as Governor of the People’s Bank of China (PBOC) since December 2002 and concurrently as Chairman of the Monetary Policy Committee since January 2003. He is also the Governor of the IMF for China, Governor for China in the African Development Bank, Chairman of the Asian Consultative Council of the Bank for International Settlements, Chairman of the China Society for Finance and Banking, a member of the Group of 30 (Consultative Group on International Economic and Monetary Affairs), and a member of the Chinese Economists 50 Forum. Governor Zhou has held various leadership positions in trade and finance organizations in China, including Chairman of the China Securities Regulatory Commission; President of the China Construction Bank; Deputy Governor at the PBOC and Administrator of the State Administration of Foreign Exchange; Assistant Minister of Foreign Trade and Economic Cooperation; and Vice President of the Bank of China.

11:30 am - 12:00 pm

Conversation between Zhou Xiaochuan and Christine Lagarde

About Michel Camdessus
Michel Camdessus assumed office as the seventh Managing Director and Chairman of the Executive Board of the International Monetary Fund (IMF) in January 1987, and served until February 2000. Mr. Camdessus is the longest-serving Managing Director of the IMF to date. Previously, he held several senior positions in the French government, becoming Director of the Treasury in 1982. From 1978 to 1984, he also served as Chairman of the Paris Club, and was Chairman of the Monetary Committee of the European Economic Community from 1982 to 1984. Mr. Camdessus served as Deputy Governor of the Banque de France, and Governor of the Banque de France from November 1984 until his appointment as Managing Director of the IMF. He is currently an Honorary Governor of the Banque de France and a member of the Africa Progress Panel, a group of 10 distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa.