High Level International Conference on Monetary Policy and Asset Management, 16 February 2018
The National Bank is pleased to announce that on 16 February 2018, it will be the host of the High Level International Conference on Monetary Policy and Asset Management
A NEW NORMAL?
THE GLOBAL ECONOMIC EXPANSION, INFLATION DYNAMICS, FINANCIAL STABILITY AND ITS MEANING FOR GLOBAL ASSET MANAGEMENT
The conference has been organized in cooperation with the Reinventing Bretton Woods Committee (RBWC) from Paris, France. The opening remarks of the Conference will be given by the Governor of the National Bank, Dimitar Bogov, and the guests will also be greeted by Mr. Marc Uzan, Director of the Reinventing Bretton Woods Committee.
We are pleased to gather together high representatives of international financial institutions, central banks and global commercial banks, whose policies and market responses have a global impact, for the first time in the Republic of Macedonia. The National Bank is pleased to announce Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), Mr. Benoît Cœuré, Member of the Executive Board of the European Central Bank (ECB) and Mr. Luiz Awazu Pereira da Silva, Deputy General Manager of the Bank for International Settlements (BIS). The Governor of the Central Bank of Iceland, a member of the Council of the Central Bank of Austria and the Vice-Governors of the central banks of the Czech Republic and Lithuania will take part in the Conference. Also, panelists at the Conference will be the Vice Governor of the Council of Europe Development Bank (CEB), as well as senior representatives, World Bank (WB) directors, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and renowned international professors. The Conference will also be marked by the participation of representatives of the largest financial asset management corporation in the world, BlackRock, and one of the most significant global banks, UBS.
The conference will be divided into four sessions. The first session will tackle the most significant issues related to global macroeconomic trends, global growth, inflation, productivity, geopolitical risks, as well as the setup of monetary policies of internationally influential central banks and their effects on financial stability and market developments. The aspects of financial stability and the ability to cope with any future financial crisis will be debated in more detail within the second session. The participants in the third session of the Conference will discuss trends in the international financial markets and possibilities for efficient dealing with market risks and returns on investment in financial instruments with low market yields. In the last part of the Conference, the high representatives of the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Council of Europe Development Bank (CEB), together with the Minister of Finance of the Republic of Macedonia, Dragan Tevdovski and the Bulgarian Finance Minister Vladislav Goranov will share opinions on the opportunities for development of the countries in the region in order to bring them closer to the economic performances of the European countries.
The conference provides multiple benefits for the National Bank and for the Republic of Macedonia in general. The domestic expert public will have a rare opportunity to hear the views and presentations of senior representatives of internationally important financial institutions and global commercial banks about the current economic issues and challenges for the period ahead. It will contribute to the extension of knowledge, the acquisition of new information and the exchange of experiences with other central banks and international institutions, which ultimately contributes to further strengthening of the institutional capacity and successful implementation of the mandate of the central bank to conduct the monetary policy and to manage the foreign reserves. Also, this conference opens up new opportunities for extending the international cooperation of the National Bank, and promotes Macedonia to the international expert public.
The Conference will also host representatives of foreign and domestic institutions interested in the topics. In this light, the presence of governors, vice governors and members of the Council of the central banks of Slovakia, Latvia, Armenia, Bosnia and Herzegovina, Kosovo, Albania, Bulgaria, as well as senior representatives of the central banks of Belgium, Italy, Hungary, Poland, Croatia, Montenegro, Georgia and Azerbaijan has been confirmed. Also, the Conference will be attended by representatives from 15 European and Asian global banks with whom the National Bank has developed and maintained good business cooperation in the process of managing and investing the foreign reserves of the Republic of Macedonia.
Given the extremely interesting and contemporary topics and renowned panelists, the representatives of the domestic financial institutions expressed an extremely high interest in participating in the Conference. Presidents of the board of directors and senior representatives of domestic banks, pension and investment funds, insurance companies, the stock exchange, as well as the presidents of the regulatory authorities of the financial sector also confirmed their participation. The Conference will also be attended by university professors in the field of economic sciences, representatives of international financial institutions from the offices in Macedonia, as well as economic experts of several foreign embassies.