* All times below refer to Luxembourg time (UTC+2)

9:00 AM – 9:10 AM

Introductory Remarks

• Pierre GRAMEGNA, Managing Director, European Stability Mechanism

9:10 AM – 9:30 AM

Opening Presentation

Geoeconomic Fragmentation: Shaping the Future of Globalization and The Resilience of the Global Financial Safety Net

• Anna ILYINA, Assistant Director, SPR, International Monetary Fund

9:30 AM – 10:45 AM

Session 1: Measuring and detecting risks of global fragmentation

Chair: Hoe Ee KHOR, Chief Economist – ASEAN+3 Macroeconomic Research Office

Papers to be presented:

Measuring Globalization: Framework, Analysis, and Implications

• Rolando AVENDANO, Economist, Economic Research and Development Impact Department, Asian Development Bank

The Impact of Geopolitical Conflicts on Trade, Growth, and Innovation

• Eddy BEKKERS, Research Economist, World Trade Organization

Fireside chat:

• Angela CAPOLONGO, Economist, ESM
• Sebastian FRANCO-BEDOYA, Economist, Macroeconomics, Trade, and Investment Global Practice, LAC region, The World Bank

Q&A Session

10:45 AM – 11:15 AM

Break

11:15 AM – 12:45 PM

Session 2: Navigating Through an Increasingly Fragmented World: Regional Viewpoints on Trade and the Risks of Fragmentation

Chair: Rolf STRAUCH, Chief Economist – European Stability Mechanism

Papers to be presented:

Do Geopolitical Risks Impact Trade Patterns in Latin America?

• Vikkram SINGH, Assistant Professor, Global Management Studies program, Ted Rogers School of Management, Toronto University

Macroeconomic & Financial Implications of Global Fragmentation: Perspectives from the ASEAN+3 and Euro Area Regions

• Hongyan ZHAO, Senior Economist, AMRO

Global Trade Fragmentation. An EU Perspective

• José RAMÓN PEREA, Economic Analyst, Global Economy Unit, European Commission & Lucile COLLIN, Economic Analyst, Desk officer for G7, G20 and IMF, European Commission

Fireside chat:

• Iader GIRALDO, Principal Economic Researcher, FLAR
• Julia NIELSON, Deputy Director, Trade, OECD

Q&A Session

12:45 PM – 2:00 PM

Break

2:00 PM – 3:30 PM

Session 3: Financial Implications of Fragmentation: Capital Flows, Sovereign Funding Cost and Debt Challenges

Chair: Carlos GIRALDO, Chief Economist – Latin American Reserve Fund

Papers to be presented:

Geo-economic Fragmentation: Economic and Financial Stability Implications

• Ralph VERHOEKS, Financial Stability Economist, De Nederlandsche Bank

Preventing Sudden Stops in Net Capital Flows

• Eduardo CAVALLO, Inter-American Development Bank

Financial implications of fragmentation: an European perspective

• Yasin MIMIR, Senior Economist, ESM

Fireside chat:

• Li Lian ONG, Senior Advisor to the Director, Macro-Financial Research Group, AMRO
• Mahmood PRADHAN, Global Head of Macro, Amundi Asset Management

Q&A Session

3:30 PM – 3:45 PM

Break

3:45 PM – 5:00 PM

Policy Experts Roundtable – ‘What Lies Ahead in a More Fragmented World? Strategies, Policies, and the Role of Global Cooperation in Mitigating Risks’

Chair: Nicola GIAMMARIOLI, Secretary General and Management Board Member, ESM

Policy experts:

• Maher HASAN, Chief Economist, Arab Monetary Fund
• Gerardo ZUÑIGA, Director of International Affairs, Central Bank of Mexico
• Anna ILYINA, Assistant Director, SPR, International Monetary Fund
• Maria DEMERTZIS, Deputy Director, Bruegel
• Dr. PARJIONO, Assistant to the Minister for Macroeconomics and International Finance Affairs, Ministry of Finance of the Republic of Indonesia

5:15 PM – 5:30 PM

Closing Keynote speech