08:00am – 08.30am:

Registration

08:30am – 08.40am:

Welcome Remarks by Dr Junhong Chang, Director of AMRO

08:40am – 09.00am:

Keynote Address by Mr. Diwa C. Guinigundo, Deputy Governor, Monetary Stability Sector, Bangko Sentral ng Pilipinas & Mr Yoshiki Takeuchi, Director General of the International Bureau, Ministry of Finance, Japan

08:50am – 10.30am:

Panel 1: Gaining New Strength for Structural Challenges

The ASEAN+3 region led global economic growth in the past two decades, and many member economies were able to raise income levels and transition to middle-income economies. However, in the context of new normal, ASEAN+3 members are also facing daunting structural challenges to their growth path and growth model, such as ageing population, anemic productivity growth etc. To address these challenges, ASEAN+3 members would need to implement and follow through on structural reforms to set their economies on a solid foundation for continued robust growth. Enhanced regional economic and financial cooperation among the regional economies would make the best of each economy’s respective comparative advantage while safeguarding regional financial stability.

Moderator: Dr Hoe Ee Khor, Chief Economist of AMRO

Panel Speakers:

Dr. Yaobin Shi, Vice Minister, Ministry of Finance, China
Mr. Seilava Ros Under Secretary of State, Ministry of Economy and Finance, Cambodia
Prof. Yasuyuki Sawada, ADB’s Chief Economist
Mr. Odd Per Brekk, Deputy Director, Asia and Pacific Department, IMF
Dr. Robin Brooks, Managing Director and Chief Economist, Institute of International Finance (IIF)

10:30am – 10:45am:

Group Photo Session and Coffee break

10:45am – 12:45pm:

Panel 2: CMIM in the Evolving International Monetary System

The CMIM was established in response to the Asian Crisis when countries in the region were exposed to highly volatile capital flows. However, the reliability and hence credibility of this facility has yet to be tested, with member countries showing admirable resilience during the Global Financial Crisis. This session will discuss developments in the international monetary system and the evolving global financial environment. Against this backdrop, it will explore how the CMIM could be further developed to complement the existing “layers” of the Global Financial Safety Net (GFSN). The discussion will take into account lessons learned from other international policy actions to address balance-of-payments and liquidity crises, as well as recent IMF reforms to its lending facilities. Possible enhancements to the CMIM through liquidity assistance in local currencies will also be considered.

Before the speakers are invited to deliver their presentation, Mr. Yasuto Watanabe, AMRO Deputy Director, will make a presentation on the CMIM in the evolving international monetary system.

Moderator: Dr Yoichi Nemoto, Former AMRO Director

Panel Speakers:

Mr. Zhengxin Zhang, Deputy Director-General, International Bureau, People’s Bank of China
Dr. Chalongphob Sussangkarn, Distinguished Fellow of the Thailand Development Research Institute (TDRI)
Prof. Masahiro Kawai, Representative Director and Director-General, Economic Research Institute for Northeast Asia (ERINA)
Dr. Deok Ryong Yoon, Senior Research Fellow, Korea Institute for International Economic Policy (KIEP)
Mr. Hiroshi Watanabe, President, Institute for International Monetary Affairs (IIMA)

12:45pm – 12:50pm:

Closing Remarks by Dr. Akira Ariyoshi, Chair of AMRO Advisory Panel