You are cordially invited to "The Global Commons Room" - an AIIB/CEPR/LSE/OECD webinar on:
Making Global Finance Work for All - Reforming the Global Development Architecture
Join us on Friday 30 October 2020
13:00 - 14:30 (GMT, London), 14:00 - 15:30 (CET)
21:00 - 22:30 (Beijing and Singapore time)
Two years ago, the G20 Eminent Persons Group on Global Financial Governance (EPG) presented its report "Making Global Finance Work for All". One of the central tenets of this report was that the multilateral development finance system with the global and regional development banks and the financial stability system with the IMF and various regional arrangements must become more coherent. The Sustainable Development Goals must not be achieved at the expense of financial stability. COVID-19 is now seriously stress testing the current architecture with countries losing decades of achievements in improved incomes at the same time as liquidity needs are turning into solvency issues in the global financial system.
Coinciding with the launch of the 2020 OECD Multilateral Development Finance report, international financial institutions and think tanks are organising a series of virtual events to discuss the role played by multilateral organisations in the Covid-19 crisis, as well as the challenges and potential reforms of the multilateral development system. This panel will take stock of what has happened to the reform agenda laid out in the EPG Report in 2018. What has COVID-19 taught us about the capacity of the global system to respond as a whole and what can be done to make the global system act more forcefully in the current crisis and be more resilient in the face of future shocks? This year?s edition of the OECD?s Multilateral Development Finance Report (MDFR) makes the case that ?building back better? also means improving the existing multilateral aid architecture.
Panel:
- Jin Liqun, President, Asian Infrastructure Investment Bank (AIIB)
- Arvind Subramanian, Professor, Ashoka University; former Chief Economic Adviser to the Government of India; non-resident Senior Fellow, PIIE
- Tharman Shanmugaratnam, Senior Minister, Singapore
- Ksenia Yudaeva, Deputy Governor, National Bank of Russia (tbc)
Chair:
- Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank (AIIB); Professor (on leave), LSE School of Public Policy and Fellow, CEPR
