Date: Sep 09, 2024 Time: 05:30 PM
An MDB-Plus Agenda: Reforming the International Financial Architecture

A complete overhaul of the international financial architecture has long been in the making, but it has never been more urgent than it is today. Reform is essential to help bridge the investment disparities across regions, and support mobilisation of resources and “additional” capital for Global South countries to address escalating challenges such as climate change and mounting sovereign debt crises. Close cooperation and coordination among the different actors of the ecosystem will be crucial. In light of this, the objective of the roundtable discussion is to bring together experts to discuss the future of the international financial architecture and how best to prioritise the needs of the low and middle income countries in the reform agenda.

Programme

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17:30 - 17:35 (IN)

Welcome Address

Gautam Chikermane, Vice President, Observer Research Foundation

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17:35 - 17:40 (IN)

Chair Remarks

N.K. Singh, Co-Convenor, G20 Independent Expert Group on Strengthening MDBs

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17:40 - 17:45 (IN)

Special Address

Lawrence H. Summers, Co-Convenor, G20 Independent Expert Group on Strengthening MDBs

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17:45 - 17:50 (IN)

Co-chair Remarks

Masood Ahmed, President Emeritus, Center for Global Development

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17:50 - 18:00 (IN)

Context Setting Presentation

Deepak Mishra, Director and Chief Executive, ICRIER

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17:55 - 18:55 (IN)

Roundtable Discussion

Free-flowing discussion with experts. The sub-themes for the discussion include:

  • Stocktake report on the implementation of the two G20 IEG reports
  • Sovereign Debt Vulnerabilities
  • MDB-Plus Agenda (implying the reforms of the IMF)
  • Attracting Private Sector Participation
  • Risk Mitigation
  • Currency Fluctuations
  • Local Currency Financing
  • Role of Credit Rating Agencies
  • Building consensus on Global Tax Vulnerabilities
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18:55 - 19:00 (IN)

Vote of Thanks

Mihir Swarup Sharma, Director, Centre for the Economy and Growth, Observer Research Foundation