Regional High-Level Workshop on
"Strengthening the Response to the Global Financial Crisis in Asia-Pacific: The Role of Monetary, Fiscal and External Debt Policies"
27-30 July 2009
As many developing countries in the region are experiencing serious economic challenges under the unprecedented global financial crisis, the main objective of the workshop is to strengthen the capacity of the policymakers to tackle the global crisis through the effective implementation of macroeconomic policies. In particular, the workshop is expected to assess the experiences of eleven selected Asia-Pacific countries in dealing with the challenges posed by the crisis in the areas of monetary policy, fiscal policy and external debt management. Given that these policies could be interlinked, their effectiveness to address the crisis may depend on how well they are coordinated and managed at the national level. At the same time, many countries in the ESCAP region are linked with each other by trade and other capital flows, implying that policy stances of some countries may affect other countries. In this context, some sort of policy coordination at the regional or subregional levels could be beneficial, especially to the smaller countries of the region.
In addition, the workshop is expected to provide an opportunity to the participating countries to share and learn from each other’s experiences, discuss best practices, and understand why some policies may work in some contexts but not in others. The proposed regional workshop is expected to raise these issues and provide participants with the opportunities to strengthen the capacities to effectively implement their policies.
The four-day regional capacity building workshop organized by ESCAP and hosted by the Bangladesh Bank in Dhaka will be attended by eleven countries (Bangladesh, Bhutan, Cambodia, Fiji, Kazakhstan, Lao People's Democratic Republic, Maldives, Nepal, Pakistan, Sri Lanka, and Viet Nam) and also by pertinent international organizations including Asian Development Bank, International Monetary Fund, World Bank as well as civil society organizations.