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IMF Seminars, January 1, 1901
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Bibliographic details
- Published: January 1, 1901
Conference purpose and themes
- The conference served as a forum for Ministers and Central Bank Governors from Asian countries, academics, and IMF and JICA staff.
- 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 (SDGs).
- (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.
Event logistics and timing
- Dates:
- Monday, February 13, 2023
- Tuesday, February 14, 2023
- Time zone: Japan Standard Time (UTC/GMT +9)
- Program elements included a Welcome Dinner, registration, opening remarks, a photo session, three substantive sessions, lunch, coffee break, roundtable discussions, and closing remarks.
- Welcome Remarks delivered by:
- Akihiko Tanaka, President, Japan International Cooperation Agency (JICA)
- Kenji Okamura, Deputy Managing Director, International Monetary Fund (IMF)
- Opening Remarks delivered by:
- Masato Kanda, Vice Minister of Finance for International Affairs, Ministry of Finance, Japan
Session I — Economic setbacks from the pandemic and fiscal policies during the exit stage
- Scene-setting presentations:
- Krishna Srinivasan, Director, Asia Pacific Department (APD), IMF: overview of economic and related fiscal challenges in developing Asia during the pandemic, including scarring, erosion of fiscal space, debt burdens, reform delays, and key lessons from countries’ fiscal and related policies during the pandemic.
- Vítor Gaspar, Director, Fiscal Affairs Department (FAD), IMF: 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: 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
- Fiscal policy and PFM focus:
- Speakers: Sri Mulyani Indrawati, Finance Minister, Indonesia; Kenneth Henry Kang, Deputy Director, SPR, IMF; Cigdem Aslan, Division Chief, FAD, IMF.
- Topics covered:
- Transformative fiscal policies and PFM practices to 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.
- Additional contributors: 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.
Session II — Role of fiscal policy in addressing climate change and resilience
- Fiscal policies to support climate goals and climate finance:
- Presenters: Vítor Gaspar, Director, FAD, IMF; Era Dabla-Norris, Assistant Director, APD, IMF; Hiromichi Muraoka, Senior Deputy Director General, Southeast Asia and Pacific Department, JICA; Ibrahim Ameer, Minister of Finance, Maldives.
- Discussion topics:
- 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.
- Contributions from:
- 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
- Health financing and resilient Universal Health Coverage (UHC):
- Presenters: Makoto Tobe, Senior Advisor, Human Development Department, JICA; Saeda Makimoto, Principal Research Fellow, Ogata Sadako Research Institute for Peace and Development, JICA.
- Focus: Key lessons from response experiences during COVID-19 pandemic for resilient UHC, emphasizing health financing and governance (including research findings).
- Country contributors: Pum Huot, Undersecretary of State, Ministry of Economy and Finance, Cambodia; Vandine Or, Secretary of State, Ministry of Health, Cambodia.
- Discussant: Shaikh Moniruzzaman, Joint Secretary, Ministry of Finance, Bangladesh.
Session III — Roundtable discussions and concluding remarks
- Roundtable chaired by Krishna Srinivasan, Director, APD, IMF.
- Panelists included:
- 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
- Closing Remarks delivered by Tadashi Yokoyama, Senior Vice President, JICA.
Content in this bundle
- JICA and Corridor Development in South Asia
- Fiscal Challenges Emerging From the Pandemic in Developing Asia: An Overview
- Development Today: New Challenges for Inclusive Growth in Developing Asia
- Estimating Asia’s Social Infrastructure Needs in the time of COVID-19
- Fiscal Policy During the Exit from Pandemic: Strengthening Public Financial Management to Support a Sustainable and Inclusive Growth
- Macroeconomic Prospects in Low-Income Countries – Exit from the Pandemic
- session-1-2-sri-mulyani-indrawati
- Fiscal Policy During the Exit from Pandemic: JICA Global Agenda 13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth
- Fiscal Policy During the Exit from Pandemic: JICA Global Agenda 13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth (Markdown version)
- Fiscal Policy During the Exit from Pandemic: JICA Global Agenda 13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth (PDF)
- Fiscal Policy and Reforms for Post-Recovery Sustainable Growth — Sitikantha Pattanaik
- Fiscal policy and Financing — MURAOKA Hiromichi
- Public Perceptions of Climate Mitigation Policies: Evidence from Cross Country Surveys
- Cambodia Experience and Lessons Learnt from COVID-19 Pandemic: More Investment in Health
- Invest more and better toward resilient UHC in Asia and Pacific
- Cambodia’s Response and Recovery in the COVID-19 Pandemic: Build-back Better towards UHC
- Invest more and better toward resilient UHC in Asia and Pacific — Overview of investment in health toward resilient universal health coverage
- Invest more and better toward resilient UHC in Asia and Pacific — Overview of investment in health toward resilient universal health coverage (Markdown version)
- Invest more and better toward resilient UHC in Asia and Pacific — Overview of investment in health toward resilient universal health coverage (PDF)
- Glossaryr (PDF)