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Conference Papers
for the National Workshop on
"Strengthening the Response to the Global Financial Crisis in Asia-Pacific: The Role of Monetary, Fiscal and External Debt Policies"

9-11 December 2009
Thimphu, Bhutan

(last updated 23 December 2009)

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Day 1: 9 December 2009
Inaugural Session:
Welcome remarks by Ms. Claire Van Der Vaeren, UN Resident Coordinator and UNDP Resident Representative in Bhutan
   
Opening statement by Dr. Nagesh Kumar, Director, Macroeconomic Policy and Development Division, ESCAP
   
Special address by Dr. Yuba Raj Khatiwada, Vice Chairman, National Planning Commission, Nepal
   
Keynote address by Mr. Daw Tenzin, Managing Director, Royal Monetary Authority of Bhutan
   
Chief Guest address by H.E. Lyonpo Wangdi Norbu, Minister, Ministry of Finance, Kingdom of Bhutan
 
Session 1: OVERVIEW OF THE IMPACT OF GLOBAL FINANCIAL AND ECONOMIC CRISIS
Global Overview of causes and impact of the global financial and economic crisis on the global economy, Dr. Jonathan C. Dunn, Resident Representative in Bangladesh, IMF
 
How did the global economic and financial crisis affect the Asia-Pacific regional economies, Dr. Nagesh Kumar, Director, Macroeconomic Policy and Development Division, ESCAP
 
The impact of the global financial and economic crisis: challenges for Bhutan, Mr. Phuspalal Chhetri, Division Chief, Research and Statistics Division, Royal Monetary Authority of bhutan
 
Session 2: EFFECTIVE MONETARY POLICY UNDER THE GLOBAL FINANCIAL AND ECONOMIC CRISIS

Monetary Policy Issues of Interest to Bhutan, Mr. Phuspalal Chhetri, Division Chief, Research and Statistics Division, Royal Monetary Authority of Bhutan

   

Monetary policy challenges for a country with excess liquidity under the pegging exchange rate system, Dr. Ram Sharan Kharel , Nepal Rastra Bank

   
Development of government securities market and its impact on monetary policy implementation, Dr. Muhammad M. Ali , Director, State Bank of Pakistan , Pakistan
 
   

Financial liberalization in Bangladesh and its impact on monetary policy implementation, Mr. Habibullah Bahar , Economic Advisor, Bangladesh Bank, Bangladesh

   

Effectiveness of Interest rate policy in India and its implication to Bhutan, Dr. Brajamohan Misra, Advisor, Reserve Bank of India

   

Challenges for bank supervision in the post-global economic crisis era, Dr. Rungporn Roengpitya, Senior Examiner, Bank of Thailand , Thailand


   
Day 2: 10 December 2009
Session 3: CURRENT FISCAL POLICY CHALLENGES

Fiscal Policy Issues of Interest in Bhutan, Mr. Choiten Wangchuk, Director, Department of National Budget, Ministry of Finance, Kingdom of Bhutan

   

Strategies and cautions for introducing fiscal incentives to stimulate the economy during the global crisis, Professor Mahendra Dev , Chairman, Commission for Agriculture Costs and Prices, India

 
   

Sustainable fiscal deficit and economic development , Dr.Yuba Raj Khatiwada, Vice Chairman, National Planning Commission, Nepal

   

Exploring different possibilities to enhance revenue base, Dr . Pisit Puapan , Director, Economic Stability Analysis Division, Ministry of Finance, Thailand

 
   

The Global Financial Crisis and Macro-economic Challenges: A Contemporary History, Dr. Alok Sheel , Joint Secretary, Ministry of Finance , India

 
 
Session 4: EXTERNAL DEBT MANAGEMENT FOR A SUSTAINABLE ECONOMIC DEVELOPMENT

External Debt Policy Issues of Interest to Bhutan, Mr. Tshewang Norbu, Chief Programme Officer, Debt Management Division, Department of Public Accounts, Ministry of Finance, Kingdom of Bhutan

   
Effective external debt management for a sustainable economic development, Professor Hemanta K. Pradhan, XLRI, India
 
   

Ways to monitor key external debt indicators, and to maintain outstanding debt at internationally accepted thresholds, Mr. Mohammad Mejbahuddin , Additional Secretary, Economic Relations Division, Bangladesh

 
   

The evaluation on the role of external debt as a source for economic development and its implication to Bhutan, Mr. Masroor A. Qureshi , Director General, Ministry of Finance, Pakistan

   
Strategy for prudent debt management practices, Dr. Rungporn Roengpitya, Senior Examiner, Bank of Thailand, Thailand
 
Day 3: 11 December 2009
Session 5: ECONOMIC POLICY COORDINATION AS A DEVELOPMENT STRATEGY

Introduction: Economic Policy Coordination Issues of Interest to Bhutan, Mr. Pema Wangyel, Senior Planning Officer, Planning and Policy Division, Ministry of Finance, Kingdom of Bhutan

 
   

Effective national and regional coordination of macroeconomic policies,Dr. Aynul Hasan and Dr. Alberto Isgut , DPS, MPDD, UNESCAP

   

Coordination of monetary, fiscal and external debt policies at the national level, Dr. Bhanumurthy, UNDP Consultant


 

 
 
 
 
 
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