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    This conference served as a forum for Ministers and Central Bank Governors from Asian countries, academics, and IMF and JICA staff, and focused on two main themes: (i) economic setbacks from the pandemic and fiscal policies during the exit stage with a view to achieve inclusive growth and the Sustainable Development Goals and (ii) role of fiscal policy in addressing the climate change challenges and ensuring a shift to a more resilient economy. The event concluded with a high-level Roundtable Discussion.

    Monday, February 13, 2023

    Time shown below is in Japan Standard Time (UTC/GMT +9)

    19:00-21:00

    Welcome Dinner

    Welcome Remarks:

    • Akihiko Tanaka, President, Japan International Cooperation Agency (JICA)
    • Kenji Okamura, Deputy Managing Director, International Monetary Fund (IMF)

    Tuesday, February 14, 2023

    8:30–9:00

    Registration

    9:00–9:20

    Welcome Remarks:

    • Akihiko Tanaka, President, JICA
    • Kenji Okamura, Deputy Managing Director, IMF
      Speech

    Opening Remarks:

    • Masato Kanda, Vice Minister of Finance for International Affairs, Ministry of Finance, Japan

    9:20–9:30

    Photo Session

    SESSION I

    Economic Setbacks from the Pandemic and Fiscal Policies During the Exit Stage

    9:30–10:45

    Economic Setbacks and Policy Responses During the Pandemic: The State of Fiscal Affairs and New Challenges for Inclusive Growth in Developing Asia

    Moderator:

    • Akihiko Yoshida, Director, OAP, IMF

    Presenters:

    • Krishna Srinivasan, Director, Asia Pacific Department (APD), IMF
      Presentation
      Scene-setting overview of economic and related fiscal challenges that have emerged in developing Asia during the pandemic—e.g. scarring, erosion of fiscal space, debt burdens, reform delays, key lessons from countries’ fiscal and related policies during the pandemic.
    • Vítor Gaspar, Director, Fiscal Affairs Department (FAD), IMF
      Presentation
      Scene-setting overview of erosion of progress on the SDGs, especially in education, health and climate, and latest estimates of financing needs for SDG implementation.
    • Koki Hirota, Visiting Fellow, Ogata Sadako Research Institute for Peace and Development, JICA
      Presentation
      Introducing research on “Estimating Asia’s Social Infrastructure Needs in the Time of COVID-19”.

    Discussants:

    • Javkhlan Bold, Minister of Finance, Mongolia
    • Sitikantha Pattanaik, Executive Director of Reserve Bank of India, India
      Presentation

    10:45-11:00

    Coffee Break

    11:00-12:15

    Fiscal Policy During the Exit from Pandemic: Public Financial Management and Budget Policies for Fiscal Sustainability and Inclusive Growth

    Moderator:

    • Akihiko Yoshida, Director, OAP, IMF

    Presenters: 

    • Sri Mulyani Indrawati, Finance Minister, Indonesia
      Presentation
    • Kenneth Henry Kang, Deputy Director, SPR, IMF
      Presentation
    • Cigdem Aslan, Division Chief, FAD, IMF
      Presentation

      Transformative fiscal policies and PFM practices to help drive an inclusive recovery (gender, green and SDG budgeting); medium-term fiscal frameworks and fiscal rules; how best to secure debt sustainability; increasing the efficiency of public investment management; the great financing divide and domestic and external financing options; targeted external support for the fiscal transition and for managing COVID risks in the most vulnerable countries.

    Discussants:

    • Vanarith Chheang, Director General, Ministry of Economy and Finance, Cambodia
    • Tetsuya Kuge, Senior Advisor, Public Governance and Financial Management Team, Governance Group, Governance and Peacebuilding Department, JICA
      Presentation

    12:15–13:15

    Lunch

    SESSION II

    The role of Fiscal Policy in Addressing Climate Change Challenges and Ensuring a Shift to a More Resilient Economy 

    13:15–14:15

    Fiscal Policies to Support Climate Goals and Climate Finance in the Post Pandemic Era

    Moderator:

    • Vítor Gaspar, Director, FAD, IMF

    Presenters: 

    • Era Dabla-Norris, Assistant Director, APD, IMF
      Presentation
    • Hiromichi Muraoka, Senior Deputy Director General, Southeast Asia and Pacific Department, JICA
      Presentation
    • Ibrahim Ameer, Minister of Finance, Maldives

      A discussion of public perceptions towards climate change and climate policies and policy features that affect support for governments’ policy actions
      The role of fiscal policy to achieve climate goals and implementing climate change mitigation policies;
      Scaling up financing for climate in the emerging market and developing economies: challenges and opportunities

    Discussants:

    • Ahmed Jamal, Deputy Governor, Bangladesh
    • Ram Prasad Ghimire, Secretary, Ministry of Finance, Nepal
    • Masyita Crystallin, Special Advisor for Fiscal and Macroeconomic Policy, Ministry of Finance, Indonesia

    14:15–15:15

    Invest More and Better toward Resilient UHC in Asia and Pacific

    Moderator:

    • Makoto Tobe, Senior Advisor, Human Development Department, JICA

    Presenters: 

    • Makoto Tobe, Senior Advisor, Human Development Department, JICA
      Presentation
    • Saeda Makimoto, Principal Research Fellow, Ogata Sadako Research Institute for Peace and Development, JICA
      Presentation
      Key lessons from response experiences during COVID-19 pandemic for resilient UHC, focusing on health financing and governance (including research findings)
    • Pum Huot, Undersecretary of State, Ministry of Economy and Finance, Cambodia
      Presentation
    • Vandine Or, Secretary of State, Ministry of Health, Cambodia
      Presentation

    Discussant:

    • Shaikh Moniruzzaman, Joint Secretary, Ministry of Finance, Bangladesh

    15:15–15:45

    Coffee Break

    SESSION III

    Roundtable Discussions and Concluding Remarks

    15:45–16:45

    Roundtable Discussions

    Moderator:

    • Krishna Srinivasan, Director, APD, IMF

    Panelists:

    • Benjamin Diokno, Secretary, Department of Finance, Philippines 
    • Lkhagvasuren Byadran, Governor, the Bank of Mongolia, Mongolia
    • Tetsuya Harada, Executive Senior Research Fellow, Ogata Sadako Research Institute for Peace and Development, JICA

    16:45–17:00

    Closing Remarks

    • Tadashi Yokoyama, Senior Vice President, JICA     
    • Krishna Srinivasan, Director, APD, IMF