High-level Policy Dialogue “Macroeconomic Policies for Sustainable and Resilient Growth in North and Central Asia”

Date: 
27 Aug 2013 to 28 Aug 2013
Location: 
Almaty, Kazakhstan

The global economic outlook remains subdued and countries in North and Central Asia face a challenging task of not only sustaining high growth but also making growth more inclusive, broad-based and resilient. The Almaty policy dialogue will provide a timely platform for Ministers of Finance, Governors of Central Banks, high-level policy makers, eminent experts and diverse stakeholders from across the region to address the challenges of growth, stability, diversification and jobs, and take a fresh look at how macroeconomic policy tools could better serve national development agendas. At the same time, it will explore challenges and opportunities in regional infrastructure development, economic diversification, and cooperation with the rest of Asia, including in the context of enhancing the productive capacity and connectivity of Landlocked Developing Countries (LLDCs). Key issues to be addressed include:

1. The current stance of economic policies in North and Central Asia in the face of uncertainties and downside risks in the global economy
2. The need for undertaking well-targeted monetary and fiscal policies directed to productive sectors of the economy with high employment intensity
3. The impact of the composition and size of government expenditures on long-term growth
4. Sources of inflation and the role of policy coordination in addressing the demand and supply sides of price pressures
5. Global and regional financial cooperation, in particular the implications of Basel III implementation
6. Regional infrastructure development, economic diversification, and cooperation with the rest of Asia