Co-hosted by the Presidential Committee for the G20 Summit and the World Bank, with the support of the Korea Institute for International Economic Policy (KIEP)
The objective of the conference is to call attention to the importance of development in the global agenda and discuss a set of issues that are central to inclusive, sustainable, and balanced growth in the medium- and long-term. Specifically, the conference will address the following issues: (i) a global economy with multiple growth poles, (ii) the development implications of the G-20 Growth and Mutual Assessment Process, (iii) the Korean development experience, and (iv) four sectoral topics: aid for trade; food security; infrastructure, innovation, and green growth; and inclusive finance. A round table panel discussion will close the conference.
Welcoming Dinner for Conference Participants (by invitation)
Friday, June 4
7:00-8:00 am 2nd Floor Lobby
8:00-8:15 am Grand Ballroom
Opening Remarks Il SaKong (Chairman, Presidential Committee for the G20 Summit)
8:15-8:30 am Grand Ballroom
Introductory Remarks Ngozi Okonjo-Iweala (Managing Director, World Bank)
Session 1. Development in the G20 Agenda: An Imperative
8:30-9:45 am Grand Ballroom
A Global Economy with Multiple Growth Poles. Preventing persistent global stagnation or slow growth should be a key priority for policy makers around the world. Developing countries, including low-income countries, can assist in the future global recovery if they invest today. To build multiple growth poles, it is necessary to remove bottlenecks and boost productivity through investments in infrastructure and energy, private sector expansion, and regional integration linked to open markets. The session will offer key reforms to contribute to sustainable and balanced global.
Chair: Trevor Manuel (Minister in the Presidency, South Africa National Planning Commission)
Presenter: Justin Yifu Lin (Senior Vice President and Chief Economist, World Bank)
Discussants: Ifzal Ali (Chief Economist, Islamic Development Bank), Jong-Wha Lee (Chief Economist, Asian Development Bank), and Tunde Lemo (Deputy Governor, Operations Directorate, Central Bank of Nigeria)
9:45-11:00 am Grand Ballroom
G20 and Global Development. Inclusion of implications for development in the G20 Growth Framework and Mutual Assessment Process provides an opportunity to bring development issues more systematically into G20 policy discussions. This topic will address the linkages between G20 policies and prospects and growth, poverty reduction, and MDGs in developing countries, as well as the key areas of collective action that would enhance development prospects.
Chair: Graeme Wheeler (Managing Director, World Bank)
Presenter: Zia Qureshi (Senior Adviser, Development Economics, World Bank)
Discussants: Danny M. Leipziger (Vice-Chair, Growth Commission and Professor of International Business), Mahmoud Mohieldin (Minister of Investment, Arab Republic of Egypt) and Robert Vos (Director, Development Policy and Analysis Division, Department of Economic and Social Affairs, United Nations)
11:00-11:15 am 2nd Floor Lobby
11:15-12:30 pm Grand Ballroom
Lessons from the Korean Development Experience. This topic will highlight Korea’s pragmatic development strategies geared toward maximizing economic growth through industrialization and export-promotion with a government that played a guiding role in the economy, complementing the private sector.
Chair: Yoon Je Cho (Professor and Dean, Graduate School of International Studies Sogang University)
Presenter: Wonhyuk Lim (Senior Research Fellow and Director, Policy Research, Korea Development Institute)
Discussants: Amar Bhattacharya (Director, G24 Secretariat), Danny M. Leipziger (Vice-Chair, Growth Commission and Professor of International Business, George Washington University), and Klaus Rohland (Country Director, Korea and China, World Bank)
Session 2. "Achieving the MDGs in the Aftermath of the Global Economic Crisis" (Working Lunch)
12:30-2:00 pm Grand Ballroom
Achieving the MDGs in the Aftermath of the Global Economic Crisis.This topic will discuss the impact that the global economic crisis may have had on the gains in living standards that the developing world has made over the last decade, as well as longer-lasting impacts on other MDGs, including health and education.
Chair: Shahrokh Fardoust (Director, Operations and Strategy, World Bank)
Presenters: Jomo Kwame Sundaram (Assistant Secretary-General on Economic Development, Department of Economic and Social Affairs, United Nations) and Hans Timmer (Director, Prospects Group, World Bank)
2:00-2:15 pm 2nd Floor Lobby
Session 3. Parallel Sessions
2:15-3:30 pm Grand Ballroom
Aid for Trade: Building on Progress to Date. This topic will discuss the links between foreign aid, trade facilitation, and trade policy reform, in order to support multilateral cooperation on trade as a key instrument to accelerate growth and reduce poverty in developing countries.
Chair: Ernesto Zedillo (Director, Center for the Study of Globalization, Yale University)
Presenters: Bernard Hoekman (Sector Director, Poverty Reduction and Economic Management, World Bank) and John Wilson (Lead Economist, Development Economics, World Bank)
Discussants: Arancha González (Chef de Cabinet, World Trade Organization) and Alan Winters (Chief Economist, Department for International Development)
2:15-3:30 pm Capri Room
Infrastructure and Sustainable Development. This topic will discuss the importance of more, better, and cleaner infrastructure for sustainable development in order to highlight opportunities for achieving these goals through national actions and multinational cooperation.
Chair: Soogil Young (President, National Strategy Institute)
Presenters: Marianne Fay (Chief Economist, Sustainable Development Network, World Bank) and Michael Toman (Research Manager, Development Economics, World Bank)
Discussants: Kiyoshi Kodera (Vice-President, Japanese International Cooperation Agency), Haeryong Kwon ( Director General, Presidential Committee for the G20 Summit), and Helen Mountford (Deputy Director, Environment Directorate, OECD)
3:30-3:45 pm 2nd Floor Lobby
Session 4. Parallel Sessions
3:45-5:00 pm Grand Ballroom
Food Security: The Need for Multilateral Action. This topic will focus on long-term policies to ensure food security by scaling-up efforts to spur agricultural productivity, improve linkages from farmers to markets, reduce risk and vulnerability, facilitate agriculture entry and exit, and enhance environmental services and sustainability.
Chair: Hak-Su Kim (Chairman, Asia Economic Community Foundation and former Under-Secretary General, United Nations)
Presenter: Christopher Delgado (Adviser, Agriculture and Rural Development, World Bank)
Discussants: David Nabarro (Secretary General's Special Representative for Food Security and Nutrition, United Nations), Cheikh Sourang (Senior Programme Manager, Country Strategies, International Fund for Agricultural Development), and Joachim von Braun (Director of the Center for Development Research and Professor for Economic and Technological Change, University of Bonn)
3:45-5:00 pm Capri Room
Inclusive Finance. This topic will present country development practices on inclusive finance and operational instruments to address the constraints that exclude people from full participation in the financial sector in LICs and MICs.
Chair: Princess Máxima of the Netherlands (UN Secretary-General’s Special Advocate for Inclusive Finance for Development)
Discussants: Alfred Hannig (Executive Director, Alliance for Financial Inclusion) and Yongbeom Kim (Director General, Presidential Committee for the G20 Summit)
5:00-5:15 pm 2nd Floor Lobby
Session 5. Round Table Discussion
5:15-6:45 pm Grand Ballroom
Round Table Discussion.The objective of this session is to begin to formulate concrete policy suggestions, based on the results of the conference, which may be incorporated into the G20 agenda.
Chair: Il SaKong (Chairman, Presidential Committee for the G20 Summit)
Lead Panelist: Ngozi Okonjo-Iweala (Managing Director, World Bank)
Eminent Practitioners and Policymakers: Justin Yifu Lin (Senior Vice President and Chief Economist, World Bank),Trevor Manuel (Minister in the Presidency, South Africa National Planning Commission), Princess Máxima of the Netherlands (UN Secretary-General’s Special Advocate for Inclusive Finance for Development), Reza Moghadam (Director, Strategy, Policy, and Review Department, IMF), Mahmoud Mohieldin (Minister of Investment, Arab Republic of Egypt), , Changyong Rhee (Secretary-General and Sherpa, Presidential Committee for the G20 Summit), Jomo Kwame Sundaram (Assistant Secretary-General on Economic Development),and Ernesto Zedillo (Director, Center for the Study of Globalization, Yale University)
7:00-9:00 pm Garden
Closing Dinner.The Post-Crisis Growth Agenda.
Chair: Wook Chae (President, KIEP)
Closing Speech: Ernesto Zedillo (Director, Center for the Study of Globalization, Yale University)
For questions on the program, please contact Ms. Claudia Sepúlveda, Senior Economist, Development Economics, World Bank at email@example.com and for conference logistics, Ms. Rachel Lee of the Korea-World Bank Conference Secretariat at firstname.lastname@example.org
The conference will take place in Paradise Hotel, Busan Address: 1408-5, Jung-dong, Haeundae-gu, Busan 612-846, Korea Tel: +82-51-742-2121 Fax: +82-51-742-210
Opening Remarks by Il SaKong (Chairman, Presidential Committee for the G20 Summit)
For World Bank media-related questions, email Ms Merrell Tuck-Primdahl, Senior Communications Officer, Development Economics: email@example.com or Camille Funnell, Senior Communications Officer, The World Bank Group firstname.lastname@example.org, Mobile number: +61 423606850