EDITOR NOTE: If you think about it, watching the IMF meetings unfold is not so different from the experience of day trading. You get fake signal after fake signal, until finally, you come across an inconspicuous scenario which can lead to massive profits on one side of the trade, and ruin on the other. As American citizens, we’re watching out for that scenario on the “ruin” side of things--as any favorable scenario will likely be limited for us. Check out the agenda below. None of it betrays anything significant. Doesn’t mean that nothing significant will unfold. As long as you’re willing to sit through plenty of fake signals.
Welcome to the penultimate briefing on the 2020 Annual Meetings. Today we spotlight the plenary speeches by the IMF's Kristalina Georgieva and the World Bank Group's David Malpass, the IMF’s New Center for the Caucasus, Central Asia and Mongolia, Analytical Corners on ensuring a fairer recovery, a CNBC debate on the global economy, and much more. On that note, let's get started.
We're almost at the end of the week and would love to hear your feedback on this special daily briefing and the Virtual Annual Meetings more generally. Do you find these round-ups useful? What was your favorite session so far? What should we do more (or less) of? We're very much looking forward to hearing from you. Write us directly here.
Today's featured media partner is Yicai, one of China's largest and most influential financial media companies, providing the latest insights on the global economy against the backdrop of the economic recession, international politics, and the impact of COVID-19.
TODAY'S AGENDA (THURSDAY, OCT 15)
5:30 AM EDT: Annual Meetings Plenary Speeches
Chaired by Dr. Ernest Kwamina Addison, Governor of Bank of Ghana, this event will feature keynote addresses from Kristalina Georgieva, Managing Director, IMF, and David Malpass, President, World Bank Group.
The launch of this new capacity development center will feature a discussion with Ilkhom Norkulov, Ministry of Economic Development and Poverty Reduction, Uzbekistan; Jihad Azour, Middle East and Central Asia Department, IMF; Artak Harutyunyan, Statistics Department, IMF; Paul Inderbinen, Executive Director, IMF; and Padamja Khandelwal, Middle East and Central Asia Department, IMF.
10:45 AM EDT: Press Briefing - IMFC
Moderated by Gerry Rice, Director, Communications Department, IMF, this press briefing will feature Kristalina Georgieva, Managing Director, IMF, and Lesetja Kganyago, Chairman for the International Monetary Fund and Financial Committee (IMFC).
11:00 AM EDT: Analytical Corner: A Fairer Recovery
Session 1: Government Support to Firms During COVID-19: Benefits, Costs, and Risks
Session 2: Social Spending for Inclusive Growth in the Middle East and Central Asia
Session 3: "Flattening the Curve" of Insolvencies in the Time of COVID-19
Session 4: Procurement and Beneficial Ownership Transparency: A Pandemic-Driven New Take on Public Access
12:00 PM EDT: CNBC Debate on the Global Economy
The world economy has been hit by the biggest shock in the postwar era. Governments have responded with unprecedented measures to protect lives and livelihoods. Are we out of the woods yet? Moderated by Geoff Cutmore, Anchor, CNBC, this televised debate will feature Kristalina Georgieva, Managing Director, IMF; Christine Lagarde, President, European Central Bank; Sri Mulyani Indrawati, Finance Minister, Indonesia; and Ngozi Okonjo-Iweala, Board Chair at GAVI / AU Special Envoy on response to COVID-19. Interested in some background reading? Check out our recommended reading list here(PDF).
Originally posted on IMF.org