2020 - Development Finance in Fragile States

JRCPPF 9th Annual Conference | February 20-21, 2020

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Emerging economies are increasingly turning towards private sector financing to fund infrastructure and other development needs. While middle-income countries have the capacity to manage complex, privately financed projects, low-income, and fragile states face several hurdles. Poor infrastructure, political and economic risks, inefficient regulatory regimes, and weak financial systems, all pose barriers to mobilizing new investment and kick-starting private sector growth. This conference will explore some of these challenges, including the role of multilateral development banks and development finance institutions, new instruments to leverage private sector investment, risk management in fragile states, and China’s approach to financing development through the Belt & Road Initiative.

The conference will be hosted by the Julis-Rabinowitz Center for Public Policy & Finance at Princeton University. The conference is co-sponsored by the  Empirical Studies of Conflict Project, the Center for Contemporary China, and the Princeton Institute for International and Regional Studies (PIIRS).

Conference Organizing Committee: Ethan Kapstein, Atif Mian, Jacob Shapiro, Leonard Wantchekon, Pallavi Nuka

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Program

THURSDAY, February 20, 2020
3:00–3:10 PM Welcome & Opening Remarks:
Atif Mian, John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy and Finance; Director, Julis-Rabinowitz Center for Public Policy & Finance, Princeton University
3:10–4:40 PM SESSION 1: Macro Policy, Capital Flows & Investment

Micaela Giorcelli, Assistant Professor of Economics, UCLA
Odette Lienau, Professor of Law, Cornell University
Jesse Schreger, Assistant Professor of Business, Columbia Business School
Brad Setser, Senior Fellow for International Economics, Council on Foreign Relations
Moderator: Adrien Matray, Assistant Professor of Economics, Princeton University

4:45–6:00 PM KEYNOTE SPEAKER
Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance, Chicago Booth School
6:00–7:00 PM Reception for Conference Attendees
FRIDAY, February 21, 2020
8:30–9:00 AM Breakfast
9:00–9:15 AM Introductory Remarks: Jacob Shapiro, Professor of Politics and International Affairs, Princeton University
9:15–10:45 AM SESSION 2: MANAGING RISK IN FRAGILE ENVIRONMENTS

Tarek Ghani, Chief Economist, International Crisis Group
Nicola Limodio, Assistant Professor of Finance, Bocconi University
Mark Roland Thomas, Director, Country Credit Risk, World Bank
Moderator: Jacob Shapiro

10:45–11:00 AM Coffee break
11:00 AM–12:30 PM SESSION 3: NEW FINANCIAL INSTRUMENTS FOR DEVELOPMENT

Neil Gregory, Chief Thought Leadership Officer, International Finance Corporation
Christopher Marks *96, Managing Director and Head of Emerging Markets for Mitsubishi UFJ Financial Group (MUFG)
Kruskaia Sierra-Escalante *98, Manager for Blended Finance,  International Finance Corporation
Chris Walker *98, Social Innovations Director, Mercy Corps
Moderator: Ethan Kapstein, Visiting Professor and Associate Director of the Empirical Studies of Conflict Project, Princeton University

12:30–1:00 PM Lunch Break
1:00–2:00 PM KEYNOTE SPEAKER
Rachel Glennerster, Chief Economist, UK Department for International Development
2:00–2:15 PM Break
2:15–3:45 PM SESSION 4: CHINA'S BELT & ROAD INITIATIVE-NEW ROUTES TO DEVELOPMENT FINANCE

Deborah Bräutigam, Professor in International Political Economy, Johns Hopkins SAIS
Maggie Chen, Professor of Economics, George Washington University
Scott Morris, Director of the US Development Policy Initiative, Center for Global Dev.
Moderator: Rory Truex '07, Assistant Professor of Politics, Princeton University

3:45–4:00 PM Closing Remarks: Atif Mian