IMF seal blue


DATE: October 10, 2014

DAY: Friday

11:30 AM - 1:00 PM

LOCATION: George Washington University, Lisner Auditorium

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Asia is transforming from a manufacturing hub to a group of vibrant, diverse and interconnected markets with a rising middle-class population. The financial sector needs to serve Asia’s transformation to its new growth models—growth that is more consumption-driven and more inclusive, with the private sector playing an increasingly important role. Such a transformation in the region would also have far reaching effects for the rest of the world. Some key questions for discussion in this session include: (i) how can Asia develop a long-term investor base (e.g., pension funds and life insurance) to provide a stable source of finance for infrastructure and companies?; (ii) how can Asia’s financial systems better support SMEs, start-ups, and the region’s service sectors?; and (iii) what are the appropriate roles for the private and public sectors in the process of financial development?

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Financing Asia's New Growth Models

Financing Asia's New Growth Models


Moderator: Lin Xueling

Lin Xueling is the Editor and Presenter of Channel NewsAsia’s premier interview series, Conversation With. A veteran journalist and editor at Channel NewsAsia, lin was the bureau chief and Scandinavian Chief Correspondent at financial news series Dow Jones before joining CNA.

Panelist: Mohamed El-Erian

Mohamed El-Erian is Chief Economic Adviser at Allianz, the corporate parent of PIMCO, where he served as CEO and co-CIO. He previously served as Chairman of U.S. President Barack Obama’s Global Development Council, CEO of the Harvard Management Company, and Deputy Director at the International Monetary Fund. He is the author of When Markets Collide: Investment Strategies for the Age of Global Economic Change and The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.

Panelist: Muliaman Hadad

Muliaman Darmansyah Hadad was appointed as Chairman of Board of Commissioners of the Financial Services Authority (OJK) of Indonesia in July, 2012. Previously he served as Deputy Governor at Bank Indonesia (BI), the country’s central bank, for two terms. He also held various senior positions within BI, including Director of Directorate for Banking Research and Management and Head of Financial System Stability Bureau. He holds a Ph.D. degree in business and economics from Monash University in Melbourne, Australia and MPA from John F. Kennedy School of Government of Harvard University.

Panelist: Takehiko Nakao

Takehiko Nakao is the President of the Asian Development Bank (ADB) and the Chairperson of ADB's Board of Directors since April 2013. Before joining ADB, Mr. Nakao was the Vice Minister of Finance for International Affairs at the Ministry of Finance of Japan and held various senior positions within the Ministry of Finance and the Japanese government, including Director-General of the International Bureau of the Ministry of Finance, and Minister at the Embassy of Japan in Washington D.C.  He also served as an economist and advisor at the International Monetary Fund from 1994 to 1997. He holds a Bachelor's degree in Economics from the University of Tokyo and a MBA from the University of California, Berkeley.

Panelist: Min Zhu

Min Zhu was appointed Deputy Managing Director of the International Monetary Fund on July 26, 2011. Previously he was a Deputy Governor of the People’s Bank of China, responsible for international affairs, policy research, and credit information. He served as the Group Executive Vice President of Bank of China before joining the country’s Central Bank. He also worked at the World Bank and taught economics at both Johns Hopkins University and Fudan University. He holds a Ph.D. from Johns Hopkins University.