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Seminar on Regional Financial Arrangements

New York, 14-15 July 2004, Conference Room 1


14 July 2004

Morning session: 9:30 a.m. to 1 p.m.

Welcome and opening remarks

  • Mr. Jose Antonio Ocampo - Under-Secretary-General, DESA
  • Mr. Jose Luis Machinea - Executive Secretary, ECLAC
  • Mr. Bradford Smith - Vice President for Peace and Social Justice, Ford Foundation
  • Chair: Mr. Jos Luis Machinea, Executive Secretary, ECLAC

Theoretical arguments for regional financial arrangements

  • Roy Culpeper, President, The North-South Institute

A comparative vision of regional development banks

  • Francisco Sagasti, President of  FORO Nacional/Internacional


The Arab experience in regional financial arrangements

  • George Corm, Former Minister of Finance, Lebanon


  • Lead discussant: Ms. Mervat M. Tallawy, Executive Secretary, ESCWA

Afternoon session: 3 p.m. to 6 p.m.

  • Chair: Mr. Jose Antonio Ocampo, Under-Secretary-General, DESA

Drawing lessons from the history of European financial institutions

  • Charles Wyplosz, Professor, Graduate Institute of International Studies, Geneva

The role of the European Investment Bank in European integration: lessons for developing countries

  • Stephany Griffith-Jones, Research Fellow and Professor at the Institute of Development Studies, University of Sussex
  • Alfred Steinherr, Chief Economist, European Investment Bank


  • Lead discussant: Ms. Brigita Schmgnerov, Executive Secretary, ECE

Macroeconomic policy coordination in Latin America

  • Jos Luis Machinea, Executive Secretary, ECLAC and Guillermo Rozenwurcel

Subregional financial institutions in Latin America

  • Andras Uthoff, Coordinator of the Unit of Special Studies, ECLAC
  • Daniel Titelman, Economist, ECLAC


15 July 2004

Morning session: 9:30 a.m. to 1:30 p.m.

  • Chair: Mr. Jose Luis Machinea, Executive Secretary, ECLAC

The African experience in regional financial arrangements

  • Ernest Aryeetey, Professor, Institute of Statistical, Social and Economic Research, University of Ghana


  • Lead discussant: Mr. K. Y. Amoako, Executive Secretary, ECA

Prospects of the Chiang Mai Initiative in regional financial cooperation and integration

  • Yung Chul Park, Professor, Korea University

The development of a regional Asian bond market

  • Yung Chul Park, Professor, Korea University
  • Julia Leung, Executive Director, Hong Kong Monetary Authority
  • Kanit Sangsubhan, Director, Fiscal Policy Research Institute, Ministry of Finance, Thailand
  • Jae Ha Park, Senior Fellow, Korea Institute of Finance


  • Lead discussant: Mr. Kim Hak-Su, Executive Secretary, ESCAP

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