Current Policy Challenges and Peer-Learning Event on Climate
South East Asian Central Bank Center (SEACEN) - IMF Singapore Training Institute (STI) High Level Seminar
December 5 - 6, 2022
Siem Reap, Cambodia
December 5-6, 2022
This two-day event includes a high-level seminar focusing on the current global and Asian economic context and policy responses, bringing together central bank governors from Asia and beyond. A second peer-learning event for government officials from the region will focuses on financial sector stability issues related to climate change. Both events are organized jointly by the National Bank of Cambodia, the South-East Asian Central Bank Training and Research Center and the IMF-Singapore Regional Training Institute. The events are by invitation only.
Front Row (L-R): Fabio Natalucci, Roger Nord, Sethaput Suthiwartnarueput, Luiz Pereira da Silva, Christine Lagarde, Chea Chanto, Mangal Goswami, Alfred Schipke, Phan Tien Dzung, Sanjaya Panth
Back Row (L-R): Darryl Chan, Seungheon Lee, Benny Popoital, Maha Prada's Adhikari, Lkhagvasuren Byadran, Felipe Medalla, Than Than Swe, Sum Sannisith, Dalaloy Vathana
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Monday, December 5, 2022 SEACEN-IMF-STI High Level Seminar on Current Policy Challenges and Peer-Learning Event on Climate |
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8:45 a.m. – 9:00 a.m. |
Welcome and Opening Remarks Chea Chanto, Governor, National Bank of Cambodia |
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9:00 a.m. – 10:15 a.m. |
Keynote Speakers and Discussants on Current Policy Challenges Christine Lagarde, President, European Central Bank Larry Summers, Professor, Harvard University Luiz Pereira da Silva, Deputy General Manager, Bank for International Settlements Climate Change: What Challenges and Risks for Central Banks? Ravi Menon, Managing Director, Monetary Authority of Singapore |
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10:15 a.m. – 10:45 a.m. |
Coffee Break |
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10:45 a.m. – 11:45 a.m. |
Session 1: The Global and Asia Economic Context Moderator: Alfred Schipke, Director, IMF-Singapore Regional Training Institute Presenter: Sanjaya Panth, Deputy Director, Asia and Pacific Department, International Monetary Fund The Global and Asia Economic Context Roundtable: Asian Central Bank Governors Sethaput Suthiwartnarueput, Governor, Bank of Thailand Darryl Chan, Deputy Chief Executive, Hong Kong Monetary Authority Dody Waluyo, Deputy Governor, Bank Indonesia |
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11:45 a.m. – 12:45 p.m. |
Session 2: Transition Challenges and Scaling Up Climate Financing Moderator: Mangal Goswami, Executive Director, The SEACEN Centre Presenter: Fabio Natalucci, Deputy Director, Monetary and Scaling Up Private Climate Finance in EMDEs: Challenges and Opportiunities Roundtable: Asian Central Bank Governors Felipe Medalla, Governor, Bangko Sentral ng Pilipinas Transition Challenges and Scaling Up Climate Financing Ma Jun, President, Institute of Finance and Sustainability, China |
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12:45 p.m. – 12:55 p.m. |
Closing Remarks Roger Nord, Deputy Director, Institute for Capacity Development, IMF |
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Tuesday, December 6, 2022 Peer-Learning Seminar: Climate Challenges and Financial Stress Tests Asia and the Pacific is highly vulnerable to the effects of climate change and climate issues are on top of many countries’ policy agenda. Climate-related events, for example, can significantly undermine financial sector stability with adverse macroeconomic and social implications. This seminar will provide insights into how climate change is perceived in the region and provide an overview of selected climate issues. Finally, the regional seminar will introduce an analytical framework to conduct climate-related stress tests and share country-specific experiences. |
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9:00 a.m. – 9:20 a.m. |
Opening Remarks and Setting the Stage Sum Sannisith, Deputy Governor, National Bank of Cambodia Roger Nord, Deputy Director, Institute for Capacity Development, IMF Sanjaya Panth, Deputy Director, Asia and Pacific Department, IMF |
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9:30 a.m. –10:45 a.m. |
Session 1: Climate Challenges in Asia Moderator: Alfred Schipke, Director, IMF Singapore Regional Training Institute Presenters: Era Dabla-Norris, Assistant Director, Asia and Pacific Department, International Monetary Fund Public Perception of Climate Change in Asia: A Survey Ulrich Volz, Professor of Economics and Director of the Centre for Sustainable Finance, SOAS, University of London Climate- and Nature-related Macro-financial Risks in Southeast Asia Discussion |
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10:45 a.m. –11:00 a.m. |
Coffee Break |
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11:00 a.m. – 12:30 p.m. |
Session 2: Assessing Climate Change in Asia and the Pacific Countries—The Role of Financial Sector Stress Tests Moderator: Aleš Bulíř, Deputy Director, IMF Singapore Regional Training Institute Presenters: Caterina Lepore, Financial Senior Expert, Monetary and Capital Markets Department, International Monetary Fund Climate Stress Testing: The Case of the Philippines Fan Jia Rong, Senior Economist, Macroprudential Surveillance Department, Monetary Authority of Singapore Climate Scenario Analysis in MAS’ Industry-Wide Stress Test Natalia Novikova, Resident Representative, International Monetary Fund |
| 12:30 p.m. – 2:00 p.m. | Luncheon |
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2:00 p.m. – 3:15 p.m. |
Session 3: Climate Stress Testing Framework Lecturers: Adolfo Barajas, Senior Economist, Institute for Capacity Development, International Monetary Fund Iris Claus, Resident Advisor, IMF Singapore Regional Training Institute |
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3:15 p.m. – 3:45 p.m. |
Coffee Break |
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3:45 p.m. – 5:00 p.m. |
Hands-on Workshop on Climate Stress Testing Closing Remarks Mangal Goswami, Executive Director, The SEACEN Centre |