Agenda
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INAUGURATION – TUESDAY, FEBRUARY 15 |
5:00 p.m.Registration
6:30 p.m.Inauguration Ceremony
Alan Hevesi, Comptroller of the City of New York, USA
Francesco Rutelli, Mayor of Rome, Italy
Sven Sandstrom, Managing Director, World Bank
Manuel Conthe, Vice-President , Finance, World Bank*
8:00 p.m.Dinner Sponsored by the City of New York
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FIRST DAY – WEDNESDAY, FEBRUARY 16 |
9:00 a.m.Opening Speech
Globalization and Localization: Its Impact on Subnational Financial Markets
Joseph Stiglitz, Vice-President and Chief Economist, World Bank
9:30 a.m.Plenary Session One
Structure, Functions and Resources of Subnational Governments in an Environment of Globalization
Lecturer: Johannes Linn, Senior Vice-President, Europe and Central Asia Region, World Bank*
Discussants:
Guillermo Perry, Sector Director, Latin America and Caribbean Region, World Bank*
Ketso Gordhan, City Manager, Johannesburg Metropolitan Council, South Africa
Deepak Satwalekar, General Manager, Housing Development Financial Corporation, India
Moderator:
Paul Krugman, Professor of Economics, Massachusetts Institute of Technology
11:00 a.m.Coffee Break
11:30 a.m.Five Breakout Sessions
Session One
Stability of Intergovernmental Transfers and Local Own-Source Revenue Generation
Discussants:
Anders Thonning, Treasury Controller, City of Stockholm, Sweden
Jerzy Miller, Deputy Minister of Finance, Poland
Carlos Eduardo de Freitas, Director of Public Debt, Central Bank of Brazil
Moderator:
Jorge Martinez, Professor, Georgia University
Session Two
Incentives for Fiscally Responsible Behavior at the Subnational Level
Discussants:
Junaid Kamal Ahmad, Principal Economist, World Bank*
Renato Villela, Secretary of the Treasury Department, Brazil
Hana Polackova, Economist, World Bank*
Moderator:
Ahmet Prishtina, Mayor, City of Izmir, Turkey*
Session Three
Good Practices in Financial Management at the Subnational Level
Discussants:
Andrew Dobson, Capital Markets Consultant, British Know-How Fund*
Carlos Alberto Sandoval, Secretary of Finance, City of Santa Fe de Bogota, Colombia*
Hari Sankaran, Executive Director, Leasing & Financial Services Incorporated, India*
Moderator:
Vinod Thomas, Director, World Bank Institute
Session Four
Legal, Regulatory and Institutional Framework for Subnational Borrowing
Discussants:
Roland White, Minister of Finance, South Africa
Mathew Glasser, Program Manager, Municipal Finance, Research Triangle Institute*
Gabor Demszky, Mayor, City of Budapest, Hungary*
Moderator:
Fernando Rojas, Senior Public Sector Management Specialist, World Bank
Session Five
Making Subnational Governments Accountable
Discussants:
Julio Vinuela, Fiscal Affairs Department, International Monetary Fund
Eduardo Delle Ville, Secretary of Finance, Buenos Aires, Argentina
Joselito Atienza, Mayor, City of Manila, The Philippines
Representative from a Sponsoring Auditing Firm
Moderator:
Earl Kessler, Deputy Director, Urban Programs, USAID*
1:00 p.m.Lunch sponsored by a Credit Rating Agency
2:30 p.m.Five Break out Sessions
Session One
Fiscal Stability and Capital Investment Decisions at the Subnational Level
Discussants:
Christopher Marks, Advisor, Ministry of Finance, Poland
Zsigmond Jarai, Minister of Finance, Hungary
Juan Mario Laserna, Deputy Minister of Finance and Public Credit, Colombia
Moderator:
Eugene Gurenko, Financial Economist, World Bank *
Session Two
Hard Budget Constraints for Subnational Governments
Discussants:
Jaime Ravinet, Mayor, City of Santiago de Chile, Chile
Roger Grawe, Country Director, World Bank
Rosario Robles, Mayor, Mexico City, Mexico
Moderator:
Giovanni Giovannelli, Financial Specialist, Inter-American Development Bank*
Session Three
Transparency and Information Disclosure
Discussants: Representative from a Sponsoring Credit Rating Agency
Representative from a Sponsoring Auditing Firm
Raul Doering, Secretary of Commerce, Catamarca, Argentina
Moderator:
Pilar Solans, Senior Municipal Finance Specialist, World Bank
Session Four
Debt Management Policies at the Subnational Level
Discussants:Clemente del Valle, Principal Financial Specialist, Capital Markets, World Bank*
Johann Bastin, European Bank for Reconstruction and Development
Glenda Hood, Mayor, City of Orlando, USA
Moderator:
Representative from Colombia
Session Five
Dealing with Non-Performing Subnational Borrowers
Discussants:
Roberto Larios Silva, Mayor, City of San Pedro Sula, Honduras
Roland Hunter, Chief Financial Officer, Johannesburg Metropolitan Council
Alexei Novikov, Eurasia Ratings Agency
Moderator:
William Dillinger, Principal Urban Economist, Public Sector, World Bank
4:00 p.m.Coffee Break
4:30 p.m.Five Breakout Sessions
Session One
Choice of Instruments and Borrowing Structures
Discussants:
Sarah Wines, Guatemala, USAID
James Leigland, Municipal Infrastructure Investment Unit, South Africa
Inge Paul, Director, Office of Development Studies, United Nations Development Project
Moderator:
George Peterson, Senior Fellow, The Urban Institute, USA*
Session Two
Borrowing through Financial Intermediaries
Discussants:
Ros Thomas, Development Bank of Southern Africa
Sergio Lleras, Financial Advisor, FINDETER, Colombia
Nicholas Anderson, President Municipality Finance, Finland*
Moderator:
Elio Codato, Senior Urban Management Specialist, World Bank*
Session Three
Bond Banks
Discussants: Janeth Hunter-Moore, Executive Manager, Michigan Bond Banks
Mark Gilbert, Infrastructure Bond Banks, Nova Scotia
John Petersen, President, Government Finance Group *
Moderator:
Samir El Daher, Financial Advisor, Urban Development, World Bank*
Session Four
Domestic and International Bond Issues by Regional and Local Governments
Discussants:
Andres Vasiliadis, Director, General Public Credit, City of Buenos Aires, Argentina*
Sol Garzon, Secretary of Finance, City of Rio de Janeiro, Brazil*
Igor Artemiev, Vice-Governor St. Petersburg, Russia
Moderator:
Representative from a Sponsoring Investment Bank
Session Five
Credit Rating Criteria for Subnational Governments
Discussants:Yves Lemay, Senior Vice president, Moody’s, USA*
Aurelio Miraglio, Entre Rios, Argentina
Stefan Sofianski, Mayor, City of Sofia, Bulgaria
Moderator:
Representative from a Sponsoring Investment Bank
9:00 p.m.Dinner Sponsored by an Investment Bank
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SECOND DAY – THURSDAY, FEBRUARY 17 |
9:00 a.m.Opening Speech:
Manuel Conthe, Vice-President, World Bank*
9:30 a.m.Plenary Session Two
Capital Markets View on Municipal Borrowing
Lecturer
:Representatives from a Sponsoring Investment Bank
Discussants:
Claudia Morgenstern, Director, International Finance Corporation *
Representative from an Institutional Investment Firm
Moderator:
Augusto de la Torre , Lead Specialist, Finance, World Bank
11:00 a.m.Coffee Break
11:30 a.m.Five Breakout Sessions
Session One
New Directions in Subnational Financing
Discussants:
Representative from a Sponsoring Investment Bank
Representative from a Sponsoring Credit Rating Agency
Declan Duff, Director, Infrastructure Department, International Finance Corporation*
Moderator:
Vincent Gouarne, Sector Manager, Water and Sanitation, World Bank
Session Two
Institutional Investors Perspectives
Discussants:
William Oliver, Senior Vice-President, Capital Alliance, USA*
Representative from Chile
Representative from Deutscher Investment Trust
Moderator:
Irene Walsh, European Bank for Reconstruction and Development
Session Three
Financial Guarantors
Discussants:
Richard Frank, Managing Director, Darby Overseas, USA*
Luis Dodero, Vice-President and General Council, MIGA*
Marcelo Menendez, SBS Bolsa, Argentina
Moderator:
Bernard Pasquier, Director, International Finance Corporation
Session Four
Collateralization and Securitization
Discussants:
Gabriele Albertini, Mayor of Milan, Italy
Gersan Zurita, Duff & Phelp’s, USA *
Carmen Ines Cruz, Mayor, City of Ibague, Colombia
Moderator:
Carlos Ponce, Deputy Secretary of Finance, Mendoza, Argentina
Session Five
The USA Market and the Tax Exemption Incentive System
Discussants:
George Peterson, Senior Fellow, The Urban Institute, USA*
Representative from New York, USA
Charles Smith, Chairman of the Board of Supervisors, Orange County, California, USA
Moderator:
Dennis Zimmerman, Congressional Research Service
1:00 p.m.Lunch sponsored by a Credit Rating Agency
2:30 p.m.Six Breakout Sessions - Case Studies
Session One
Case Studies from Africa - Zimbabwe
Discussants:
Medaldo Mathias, City Treasurer, Kwekwe, Zimbabwe
Middleton Nyoni, City Treasurer, Bulawayo, Zimbabwe*
Brad C. Johnson, Attorney at Law, Duane, Morris & Heckscher
Moderator:
Colleen Butcher, Urban Specialist, World Bank*
Session Two
Case Studies from East Asia and Pacific Region - the Philippines and Indonesia
Discussants:
Representative from the Central Government, Philippines
Myles Elledge, Research Triangle Institute, USA*
Representative from a Sponsoring Credit Rating Agency
Christopher Milligan, Indonesia, USAID
Moderator:
Representative from the Asian Development Bank
Session Three
Case Studies from Europe and Central Asia Region - Hungary and Poland
Discussants:
Gabor Demszky, Mayor, City of Budapest, Hungary *
Miroslaw Kruszynski, President, City of Ostrow-Wielkopolski, Poland
Gerhard Bienestein, EFC European Financial Consulting, Austria *
Representative from a Sponsoring Investment Bank
Moderator:
Michel Noel, Manager, Private and Financial Sectors Development, World Bank*
Session Four
Case Studies from Latin America and Caribbean Region - Argentina
Discussants:
Jorge Pardal, Mayor, City of Guaymallen, Argentina
Carlos Ponce, Investment Vice-Secretary, City of Mendoza, Argentina
Steve Hochman, Senior Vice president, Moody’s, USA*
Moderator:
Representative from the World Bank
Session Five
Case Studies from Middle East and North Africa Region
Discussants:
Abdelrhani Guezzar, Financial Director, Communal Equipment Fund, Morocco
Mabrouk Mejri, C.P.S.L. Tunisia
Moderator:
Sonia Hammam, Sector Manager, Infrastructure Development, World Bank
Session Six
Case Studies from South Asia Region - India
Discussants:
Karunakaran Ramchand, Vice-President, ILFS, India
Representative from Crisil
Representative from a Sponsoring Investment Bank
Moderator:
Hiroaki Suzuki, Principal Operations Officer, World Bank*
4:00 p.m.Coffee Break
4:30 p.m.Six Breakout Sessions - Case Studies (cont.)
Session One
Case Studies from Africa Region – South Africa
Discussants:
Johan Kruger, Managing Director, Infrastructure Finance Corporation, South Africa*
Monhla Hlahla, Municipal Infrastructure Investment Unit, South Africa
Joel Kolker, South Africa, USAID*
Moderator:
Benjamin Darche, Consultant, USA*
Session Two
Case Studies from East Asia and Pacific Region
Discussants:
Mathew Glasser, Program Manager, Municipal Finance, Research Triangle Institute *
Charles Schneider, Senior Consultant, Sanwa Research Institute
Nguyen Dinh Mai, Vice-Director, Department of Planning, Ho Chi Minh City, Vietnam
Jindu Cui, Director, Municipal Finance Bureau, Tianjin Municipality, China
Moderator:
Dana Weist, Senior Public Sector Specialist, World Bank*
Session Three
Case Studies from Europe and Central Asia Region – Czech Republic and Estonia
Discussants: Radim Berka, Head Finance and Budget Department, Ostrava, Czech Republic
Heinz Chladek, Director, CIS, Raiffeissen Investment Bank
Juri Mois, Mayor, City of Tallinn, Estonia
Moderator:
Roger Grawe, Country Director, Hungary, World Bank
Session Four
Case Studies from Latin America and the Caribbean Region – Brazil and Colombia
Discussants:
Paulo Conde, Mayor, City of Rio de Janeiro, Brazil
Sergio Lleras, Financial Specialist, Colombia
Ricardo Lima, Director Urban Studies IPEA, Brazil
Moderator:
Jose Antonio Abad, Director, Corporate Finance, AB Asesores*
Session Five
Case Studies from Middle East and North Africa Region
Discussants:
Representative from Lebanon
Moderator:
Representative from a Sponsoring Credit Rating Agency
Session Six
Case Studies from South Asia Region
Discussants:
Representative from Pakistan
Representative from Bangladesh
James Stein, India, USAID
Moderator:
Representative from a Sponsoring Investment Bank
9:00 p.m.Dinner Sponsored by an Investment Bank
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THIRD DAY – FRIDAY, FEBRUARY 18 |
9:30 a.m.Closing Session
Hon. Jean Tiberi, Mayor, City of Paris, France
Jean-Louis Sarbib, Vice President, World Bank
David de Ferranti, Vice-President, Latin America and Caribbean Region, World Bank
11:00 a.m.Coffee Break
11:30 a.m. Anthony Pellegrini, Director, Transport, Water, Urban Development Department, World Bank*
Maria E. Freire, Regional Coordinator, World Bank Institute*
David Paintier, USAID *
Representative from a sponsoring Investment Bank
* Confirmed Speakers
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