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DATE: April 22, 2017

DAY: Saturday

2:00 PM - 3:15 PM

LOCATION: IMF HQ1, Meeting Halls A&B

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Concerns have been raised that central bank and regulatory policies in the aftermath of the global financial crisis have contributed to inequality, having favored the rich and large financial institutions while leaving the poor worse off. This session will focus on the importance of central banks and regulators recognizing their crucial roles in supporting inclusive growth. After introductory remarks by Mr. Lipton, the panel discussion will zoom in on the interplay between financial services and inequality. The event will address key questions, such as: Do the individual benefits of wider access to financial services translate to the aggregate level? How can we limit the risk that financial deepening will exacerbate inequality? Can central bank and regulatory policies be fine-tuned to better support inclusive growthfor example, How can we ensure that financial institutions take small deposits and hold productive assets, such as loans to start-ups and technologically innovative businesses?

Join the conversation #InclusiveCenBanks

Read the Blog: Central Bankers and Inclusive Growth: Building a Framework for Financial Inclusion

Watch the video: Inequality: We Can Do Something About it!

Join the conversation via #InclusiveCenBanks

Central Bankers and Inclusive Growth

Central Bankers and Inclusive Growth


Moderator: Tobias Adrian

Tobias Adrian is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund. Prior to joining the IMF, he was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group.

Panelist: Sharon Donnery

Sharon Donnery is the Deputy Governor of Central Bank of Ireland. She is an ex officio member of the Central Bank Commission and the Governor's Alternate on the Governing Council of the European Central Bank (ECB). She chairs the ECB’s High Level Group on Non-Performing Loans and the ECB Budget Committee. Sharon joined the Central Bank of Ireland in 1996 as an economist, and later held a number of senior positions, including Director of Credit Institutions from 2014 to 2016. She was also vice-chair of the EBA's Standing Committee on Consumer Protection and Financial Innovation, and previously served as the Alternate Member of the Supervisory Board of the Single Supervisory Mechanism.

Panelist: David Lipton

David Lipton assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2011. On March 28, 2016, he was reappointed for a second five-year term beginning September 1, 2016. Before coming to the Fund, Mr. Lipton was Special Assistant to the President, and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House. Previously, he was a Managing Director at Citi, and also served in the Clinton administration as Under Secretary of the Treasury for International Affairs — and before that as Assistant Secretary. Mr. Lipton earned a Ph.D. and M.A. from Harvard University in 1982 and a B.A. from Wesleyan University in 1975.

Panelist: Patrick Njoroge

Patrick Njoroge is the Governor of Central Bank of Kenya. Prior to joining the Central Bank, he had a career, spanning 20 years, at the International Monetary Fund (IMF). At the IMF, he was advisor to the IMF Deputy Managing Director. He also served as Deputy Division Chief in the IMF’s Finance Department and IMF Mission Chief for the Commonwealth of Dominica. Prior to joining the IMF, he worked in Kenya as an economist at the Ministry of Finance and as a planning officer at the Ministry of Planning.

Panelist: Karen Shaw Petrou

Karen Shaw Petrou is co-founder and Managing Partner of Federal Financial Analytics, Inc., a privately-held company, providing since 1985 has provided analytical and advisory services on legislative, regulatory, and public-policy issues affecting financial services companies in the U.S. and abroad.

Panelist: Perry Warjiyo

Perry Warjiyo is Deputy Governor of the Bank Indonesia. He began at Bank Indonesia (BI) in 1984, focusing particularly in economic research and monetary policy, foreign exchange management, international relations and organizational transformation. From 2007–09, he was the Executive Director at the IMF, representing the South-East Asia Voting Group. In early 2013, he was appointed Assistant Governor of BI in the area of international and monetary policy, before being appointed Deputy Governor in April 2013.