CONFÉRENCE DES NATIONS UNIES SUR
LE COMMERCE ET LE DÉVELOPPEMENT
UNITED NATIONS CONFERENCE
ON TRADE AND DEVELOPMENT
6th UNCTAD Debt Management Conference Geneva, 19 – 21 November 2007
PROGRAMME TIMETABLE
6th UNCTAD Debt Management Conference,
19 – 21 November 2007
DATE: 19 to 21 November 2007 VENUE: United Nations, Palais des Nations, E‐Building, Geneva, Switzerland. TARGET AUDIENCE: OBJECTIVE: INVITATIONS: Senior decision makers in the area of debt policy and public finance. The Conference will explore topical issues in debt management and public finance. Themes include odious debt, the conditionality and continued relevance of concessional borrowing for development, orderly debt settlements, ethics and debt, post restructuring of sovereign debt, the case for further relief, ʺvultureʺ funds, contingent liabilities, emerging capital markets, the formulation of strategies for entering domestic and international capital markets, the use of capital market financing, and international support for debt strategy formulation and implementation. Sent to all UNCTAD member‐countries, a large number of international and regional organizations and selected NGO and academia representatives CONFERENCE ROOM: XIX, E‐building, Palais des Nations, Geneva INTERPRETATION: The conference will be interpreted simultaneously into Arabic, Chinese, English, French, Russian, and Spanish. DOCUMENTATION: Papers delivered will be in English, French or Spanish. Papers will be published as proceedings of the Conference. All papers will be made available in electronic format only, following the Conference on the DMFAS website, www.unctad.org/dmfas
6th UNCTAD Debt Management Conference Page 3 MONDAY, 19 NOVEMBER 2007 REGISTRATION AND OPENING
REGISTRATION TIME Security control to enter UN grounds At the Pregny Gate of the United Nations’ compound. Entry badges will be prepared in advance for all registered participants. All participants are requested to bring their passports along with their original of the registration form (a copy of which should also have been sent by fax or by e‐mail before arrival for notification purposes) 0800 – 0900 Participation list and agenda Participants are requested to announce their presence to the Conference Secretariat on arrival, at which time their presence is recorded in the participation list of the Conference. This will take place in front of the Conference Room XIX, E‐building, Palais des Nations, Geneva Participants will also receive the final agenda as well as other relevant documentation at this stage. 0900 – 1000 OPENING STATEMENT Mr. Supachai Panitchpakdi, Secretary‐General, UNCTAD TIME 1000 – 1030 6th UNCTAD Debt Management Conference Page 4 Monday, 19 November 2007 (continued) RESPONSIBLE LENDING – RESPONSIBLE BORROWING
TOPIC SPEAKER TIME Introductory Note: DEBT RELIEF AND BEYOND: DEBT SUSTAINABILITY AND THE MDGs Statement by HE Reinhard Schweppe, Permanent Representative of Germany to the United Nations Office at Geneva. 1030 – 1100 Introductory Note: RESPONSIBLE LENDING Statement by HE Erik Solheim, Minister of International Development and Environment, Norway. 1100 ‐ 1130 Read by Mr. Henrik Harboe, Deputy Director General, Royal Ministry of Foreign Affairs, Norway. Panel: ODIOUS DEBT Moderated by: Mr. Heiner Flassbeck, Director, Division on Globalization and Development Strategies, UNCTAD Panelists: • Mr. Christoph G. Paulus, Professor of Law, Humboldt University, Berlin, Germany Concepts of Odious Debt in International Law •
Ms. Gail Hurley, Policy Officer, EURODAD Lender/Borrower Liabilities •
Mr. Arturo Gonzᾴlez de Aragón, C.P.A., Auditor General of Mexico Odious Debts: A Lesson for Better Management,
Transparency and Auditing of Public Debt
•
Mr Robert Howse, Professor of Law, University of
Michigan Law School, USA
1130 – 1300 Settlement of Contested Claims. Discussion. Comments and questions from the floor. LUNCH BREAK Panel: CONCESSIONAL LENDING ‐ PRACTICE OF THE PAST? Moderated by:
Mr. François Bourguignon, Professor, Paris School of Economics, France & Former Chief Economist and Senior Vice President, World Bank Panelists: • Mr. Stefan Nallétamby, Advisor to the Vice President, Finance, African Development Bank New Lenders and the Effect on the Markets. •
Mr. Daniel Cohen, Professor of Economic Science, ENS, Paris, France Soft Lending by BWI’s – Still Relevant? •
Mr. Claudio Spinedi, Deputy Director, Economic Cooperation, Ministry of Foreign Affairs, Italy Conditionality and Multilateral Soft Lending 1300 – 1500 1500 – 1630 Discussion. Comments and questions from the floor. Panel: ORDERLY DEBT SETTLEMENTS Moderated by:
Mr. Carlos Pólit Faggioni, Comptroller General, Ecuador Panelists: • Mr. Thomas Courbe, Secretary General, Paris Club. 1630 ‐ 1800 What future for the Paris Club? •
Mr. Kunibert Raffer, Associate Professor, University of Vienna, Austria Structured International Debt Settlements (SIDS). Insolvency vs. Contested Claims •
Mr. Lee C. Buchheit, Partner, Cleary, Gottlieb, Steen & Hamilton, USA The Legal Framework for Settlements Discussion. Comments and questions from the floor. COCKTAIL 1800 – 1930 6th UNCTAD Debt Management Conference Page 5 TUESDAY, 20 NOVEMBER 2007 DEBT RELIEF & SUSTAINABILITY TOPIC SPEAKER TIME Presentation: ETHICS & DEBT Mr. Oscar Ugarteche, Senior Research Fellow, Institute of Economic Research, UNAM, Mexico, Risks of Lending and Liability of Lenders. 1000 – 1030 Panel: POST RESTRUCTURING OF SOVEREIGN DEBT. Moderated by: HE Sabir Hassan, Governor, Bank of Sudan Exit HIPC ‐ Where Next? Panelists: • Mr. Fred Matyama, Principal Economist, External Debt, Ministry of Finance, Planning and Economic Development, Uganda 1030 – 1200 •
Mr. Michel Cardona, Deputy Director‐General, Economics and International Relations, Banque de France •
Mr. Jean‐Luc Bernasconi, Head of Division, Macroeconomic Support, SECO, Switzerland Discussion. Comments and questions from the floor. 1200 – 1300 Panel: THE CASE FOR FURTHER RELIEF Moderated by: Mr. E.E. Ngalande, Executive Director, Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) What Have Relief Initiatives Achieved and What Remains to Be Covered? Panellists: • Mr. Mark Thomas, Lead Economist, Economy Policy and Debt Department, World Bank. LUNCH BREAK 1300 – 1500 Panel: ”VULTURE” FUNDS Moderated by: Mr. Hendrik Schmitz, Federal Ministry for Economic Cooperation and Development, Germany
Panel: CONTINGENT LIABILITIES ‐ THE NEXT DEBT CRISIS? Moderated by: Mr. Vito Tanzi, Private Consultant, Former Director, Fiscal Affairs Department, IMF Morale Issue or Real Threat? Panellists: • Mr. Mark Thomas, Lead Economist, Economy Policy and Debt Department, World Bank. 1500 – 1630 •
Ms. Patria Angeles, Deputy Director, International Department, Central Bank, Philippines. •
Mr. Charles Mutasa, Executive Director, AFRODAD Discussion. Comments and questions from the floor. •
Mr. Daniel Zavala, Senior Vice President, Debt Advisory International, LLC, USA Discussion. Comments and questions from the floor. Size and Risk to the Governments Panelists: • Mr. Wassawa Kajubi, Director, Trade and External Debt Department, Bank of Uganda •
Mr. Udaibir Saran Das, Division Chief, Monetary & Capital Markets Department, IMF •
Mr. Thomas Magnusson, Lead Financial Officer, World Bank Discussion. Comments and questions from the floor. 1630 – 1800 6th UNCTAD Debt Management Conference Page 6 WEDNESDAY, 21 NOVEMBER 2007 DEBT STRATEGY FORMULATION & IMPLEMENTATION TOPIC SPEAKER Presentation: EMERGING CAPITAL MARKETS Size, Trends, and Regional Characteristics. 1000 – 1100 Mr. David T. Beers, Managing Director, Sovereign & International Public Finance Ratings, Standard & Poor’s, UK Panel: FORMULATION OF STRATEGIES FOR ENTERING DOMESTIC AND INTERNATIONAL CAPITAL MARKETS Panelists: • Mr. Udaibir Saran Das, Division Chief, Monetary & Capital Markets Department, IMF •
Mr. Tadashi Endo, Senior Financial Sector Specialist, Corporate Governance and Capital Markets Department, World Bank •
Mr. Dominique de Guerre, Director, Lazard Frères, France •
Mr. William Willms, Director, Capital Market and Financial Sectors Division, Asian Development Bank Moderated by: Mr. Ugo Panizza, Chief, Debt and Financial Analysis Unit, Debt and Development Finance Branch, Division on Globalization and Development Strategies, UNCTAD TIME 1100 – 1300 Discussion. Comments and questions from the floor. LUNCH BREAK 1300 – 1500 Panel: THE USE OF CAPITAL MARKET FINANCING ‐ COUNTRY CASE STUDIES Panelists: • Mr. William Ortiz Linares, Chief, Domestic Capital Markets Group, Public Credit and Treasury, Colombia 1500 – 1700 •
Moderated by: Mr. Chris. Itsede, Director General, West African Institute of Financial and Economic Management (WAIFEM) Mr. Ahmed Zoubaine, Head, External Debt Management Division, Ministry of Finance and Privatization, Morocco •
Mr. Jose Franco Medelros de Morais, Head, External Debt Operations, Treasury, Ministry of Finance, Brazil Discussion. Comments and questions from the floor. Panel: INTERNATIONAL SUPPORT FOR DEBT STRATEGY FORMULATION AND IMPLEMENTATION Moderated by: Mr. Raja Khalidi, Officer‐in‐
Charge, Debt and Development Finance Branch, GDS,
UNCTAD Panelists: • Mr. Gerry Teeling, Chief, Debt Management – DMFAS Programme, UNCTAD •
Mr. Tomas Magnusson, Lead Financial Officer, World Bank •
Ms. Lucy Laliberté, Deputy‐Director, Statistics Department, IMF Discussion. Comments and questions from the floor. 1700 – 1800