Managing Global Political Risk - The Sovereign Debt Threat
MIGA-IE-SMU SUMMIT
Managing Global Political Risk - The Sovereign Debt Threat
22 February 2013
8:30 am – 1:00 pm
Venue
Mochtar Riady Auditorium
Singapore Management University
Administration Building Level 5
81 Victoria Street
The risk of advanced economies defaulting on their debts - once highly unlikely - is now a real threat to the stability of the region, and will have far reaching consequences for the global economy.
MIGA-IE-SMU SUMMIT: Managing Global Political Risk - The Sovereign Debt Threat
Co-organised and co-hosted by International Enterprise Singapore (IES), Singapore Management University (SMU), and Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, will feature a combination of insightful presentations and interactive panel discussions on the relationship between sovereign risk and political risk, and their impact on global markets.
AGENDA
08:30 - 09:00 Registration and Breakfast
09:00 - 09:05 Welcome Remarks
Prof Annie Koh, Academic Director, International Trading Centre and Vice President, Business Development and External Relations, SMU
09:05 - 09:20 Opening Speech
Teo Eng Cheong, Chief Executive Officer, IE
09:20 - 09:35 Keynote Speech
Michel Wormser, Vice President and Chief Operating Officer, MIGA, World Bank Group
09:35 – 10:00 One-on-one interview with Dr Parag Khanna interviewed by Kevin Lu
Dr Parag Khanna, Senior Fellow, Singapore Institute of International Affairs, and Kevin Lu, Regional Director, Asia Pacific, MIGA, World Bank Group
10:00 - 11:00 Panel 1 Discussion: Managing sovereign risk and balancing opportunities in emerging markets
- How does sovereign risk relate to different types of political risk? How does stress on sovereign credit risk affect the broader political economy?
- What challenges are faced in cross border investments in emerging markets? What are the types of common risks in emerging markets?
- Does sovereign risk necessarily result in elevated political risk when economic and financial market conditions become more difficult in a country? What steps must companies take to mitigate these challenges?
MODERATOR: Prof Annie Koh, Academic Director, International Trading Centre and Vice President, Business Development and External Relations, SMU
Richard Grosvenor, Chief Executive Officer & President, Sembawang Engineers & Constructors
Sam Ong, Group Deputy Chief Executive Officer, Hyflux
Subash Narayanan, Project Finance, Energy, Chemicals & Infrastructure, DBS
Babatunde Onitiri, Senior Manager, IFC, World Bank Group
11:00 - 11:30 Networking Break
11:30 – 12.00 MIGA Report: World Investment and Political Risk
Paul Barbour, Senior Risk Management Officer, MIGA, World Bank Group
12.00 – 13.00 Panel 2 Discussion: Implications of sovereign risk on Asia capital flows
- How are country downgrades, the deepening fiscal crisis, and sovereign debt challenges in advanced economies, affecting emerging markets’ FDI prospects?
- Will interventionist government policies replace the more liberal economic and financial policies adopted so far, and what does it mean for investors?
- How easy is it to assess whether a government will meet its obligations in light of rising public pressure and civil disturbance caused by severe fiscal austerity plans?
MODERATOR: Bert Hofman, Director & Chief Economist, World Bank
Lutfey Siddiqi, Managing Director UBS and Adjunct Professor NUS
Richard Jerram, Chief Economist, Bank of Singapore
Tim Condon, ING Chief Emerging Market Economist
Dr Parag Khanna, Senior Fellow, Singapore Institute of International Affairs
13.00 – 13.05 Chair's Closing Remarks
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