2009 Agenda
DAY 1
08:00-09:00 Registration and breakfast
09:00-09:10 WELCOME AND INTRODUCTION
Conference Chair, James Lamont, South Asia Bureau Chief, Financial Times
09:10-09:20 OPENING ADDRESS: Tharman Shanmugaratnam, Minister for Finance, Singapore
09:20-10:15 KEYNOTE INTERVIEW Robert Zoellick, President, World Bank
10:15-10:45 JOINT PROJECTS OF WORLD BANK-SINGAPORE URBAN HUB
Signing Ceremony
Alphonsus Chia, CEO, Singapore Cooperation Enterprise (SCE) and Kamran Khan, Program Director of the World Bank-Singapore Urban Hub, provide a status report on the World Bank-Singapore Urban Hub partnership, and announce the first set of joint projects in Mongolia, Vietnam and Chongqing, China. This is followed by an MOU-signing ceremony involving senior government representatives, SCE and the World Bank, witnessed by World Bank President Zoellick, Singapore Finance Minister Tharman and World Bank Vice President James Adams.
Speakers:
Dang Huy Dong, Vice Minister of Planning and Investment, Vietnam
Cui Jian, Deputy Secretary General, Chongqing Municipal Government and Secretary, Chongqing State-owned Assets Supervision and Administration Commission, China
Tuvden Ochirkhuu, Vice Minister of Finance, Mongolia
10:45-11:05 Refreshments
11:05-12:20 PANEL DISCUSSION
Overview: Asia's Infrastructure Challenge
Infrastructure development has become critical in Asia as populations increase and urbanisation spreads at an unprecedented rate. Its importance to economic growth has been reinforced by the financial crisis and governments have responded with new stimulus plans that place substantial emphasis on the building of roads, railway networks, ports, power grids, water sanitation systems and other key facilities. Given the magnitude of development required, governments and multilateral institutions have to generate innovative, commercially viable financing solutions that actively involve the private sector as contractors and investors. What are the best models for public-private partnerships in infrastructure development and how can they be applied across the region? Can successful PPP solutions in developed economies be adapted to emerging markets? Given the rapid growth of cities, will infrastructure development and financing be handled increasingly on a municipal or regional basis, or will governments expand co untry-level initiatives and frameworks?
Speakers:
James Adams, Vice President, World Bank
Fauzi Bowo, Governor, Jakarta, Indonesia
Chua Chee Wui, CEO, Keppel Integrated Engineering
Mark Johnson, Chairman, Macquarie Infrastructure Group and Australian Representative, APEC Business Advisory Council
Moderator: James Lamont, South Asia Bureau Chief, Financial Times
12:20 -14:00 LUNCH
14:00-15:20 APEC FINANCE MINISTERS PANEL
A number of APEC finance ministers gather to discuss the initiatives and frameworks their countries have put into place to develop and finance infrastructure and the challenges that need to be overcome in the wake of the financial and economic crisis. Have the stimulus plans been correctly focused? Have governments invested in the type of projects that will allow them to repay ballooning public debts? Which areas have yielded results? Is more investment needed? Will inflation become a problem as governments boost projects and encourage cheaper financing? What infrastructure-funding channels and instruments are most effective going forwards? What measures are being put into place to encourage private sector participation?
Speakers:
Korn Chatikavanij, Minister of Finance, Thailand
Lim Hwee Hua, Second Minister for Finance and Second Minister for Transport, Singapore
Sri Mulyani Indrawati, Minister of Finance, Indonesia
Haruhiko Kuroda, President, Asian Development Bank
Wayne Swan, Treasurer, Australia
Robert Zoellick, President, World Bank
Moderator: James Adams, Vice President, World Bank
15:20-15:40 Refreshments
15:40-16:45 PANEL DISCUSSION
Financing Infrastructure and Urban Development: The Latest Innovations
Massive urbanisation and the resulting infrastructure requirements are a key concern in Asia, highlighting the crucial role that must be played by municipal governments to establish the structure and incentives for financing. Increasingly municipalities around the world are using bonds and other market-based tools to mobilise capital, and Asian cities are beginning to follow suit, seeing the move also as a way to signal their overall financial health and competitiveness. What are the most successful examples of municipal fund-raising for urban development and how can these solutions be expanded in Asia? What is being done to attract the private sector? What regulatory frameworks have to be established? How are infrastructure-related state-owned enterprises being restructured in countries like China and Vietnam? How can good governance be assured in urban planning and financing?
Speakers:
Ian Mathews, Executive Director, Project and Structured Finance, Asia, ANZ Bank
Michael Petit, Managing Director, Asia Pacific Corporate and Government Ratings, Standard & Poor's
John Roberts, Executive Director, Macquarie Capital and Global Head, Macquarie Capital Funds
Sigfrido Tinga, Mayor, Taguig City, Philippines
Moderator: Alphonsus Chia, CEO, Singapore Cooperation Enterprise (SCE)
16:45-17:50 PANEL DISCUSSION
Financing Infrastructure and Urban Development: The New Players
Big public sector stimulus plans and the emergence of large private sector infrastructure funds have galvanised the project-financing sector, but much more investment will be needed on a long-term basis. Sovereign wealth funds are beginning to take an active interest, while large pension funds from North America, Europe and Australia are considering expanding their investments to Asia. What are the key considerations for these new long-term investors and how important a role could they play in the region?
Speakers:
Karin Finkelston, Director for East Asia and Pacific, IFC
James Harris, Chairman, Asia Branch, International Project Finance Association
Teh Kok Peng, President, GIC Special Investments
Chris Wade, Head of Separate Accounts, RREEF Infrastructure
Moderator: John Roome, Director, Sustainable Development for Asia, World Bank
17:50-18:00 CHAIR'S CLOSING REMARKS DAY ONE
18:00-19:30 COCKTAIL RECEPTION
DAY 2
09:00-09:30 Breakfast
09:30-09:40 CHAIR'S OPENING REMARKS DAY TWO
09:40-10:40 SHOWCASE OF REGIONAL GOVERNMENT INITIATIVES
Presentations:
Countries, regions and cities across Asia are actively pursuing far-reaching initiatives to improve infrastructure and address the challenge of rapid urbanisation. Senior public sector officials from Indonesia, Vietnam, China and Mongolia will come to Singapore to present their initiatives to their peers and senior private sector decision-makers at the Summit. The creation of this unique platform for senior level public-private dialogue highlights Singapore's emergence as a regional hub for infrastructure financing and expertise on urban development.
Speakers:
Balgan Batbayar , Director General, Financial and Economic Policy Department, Ministry of Finance, Mongolia
Anggito Abinmayu, Head of Fiscal Policy Office, Ministry of Finance, Indonesia
Fauzi Bowo, Governor, Jakarta, Indonesia
Dang Huy Dong, Vice Minister of Planning and Investment, Vietnam
Cui Jian, Deputy Secretary General, Chongqing Municipal Government and Secretary, Chongqing State-owned Assets Supervision and Administration Commission, China
10:40-11:40 PANEL DISCUSSION
Showcase of Regional Government Initiatives
A panel of experts including private sector investors and representatives of multilateral institutions discuss the infrastructure initiatives, their potential, and the obstacles that need to be overcome to ensure financing and viability.
Speakers:
Bill Banks, Leader of Project Finance Advisory, Asia Pacific, and Infrastructure Leader, Oceania, Ernst & Young
James Harris, Chairman, Asia Branch, International Project Finance Association
Conor McCoole, Head of Project & Export Finance, Asia, Standard Chartered Bank
Elena Okorotchenko, Head of Sovereign and Public Finance Ratings, Asia, Standard & Poor's
Moderator: Kamran Khan, Program Director, World Bank-Singapore Urban Hub
11:40-12:10 GLOBAL LAUNCH OF WORLD BANK URBAN STRATEGY
The World Bank introduces its new strategy for addressing the urbanisation challenges facing developing countries.
Speaker:
Zoubida Allaoua, Director, Finance, Economics and Urban Department , World Bank
John Roome, Director, Sustainable Development for East Asia, World Bank
12:10-13:40 LUNCH
13:40-15:40 PANEL OF MAYORS AND LOCAL GOVERNMENT LEADERS
A number of mayors and local government leaders from Asia and beyond discuss the initiatives they have put into place to develop their cities' infrastructure, the challenges they have overcome, and the tasks that still lie ahead. In deciding on the shape and financing of their projects, how have they reconciled the different priorities of urban development? Do potentially costly energy-efficiency solutions take a back seat to other, more immediate issues such as the creation of commercially important retail and office hubs, the clearance of slums and provision of affordable housing, or the preservation of old buildings? How are banks and the private sector being encouraged to participate? How are the social gains from urban development being accounted for in cost-benefit analyses? What will their cities look like in 2030?
Speakers:
Fauzi Bowo, Governor, Jakarta, Indonesia
Robert Doyle, Lord Mayor, Melbourne, Australia
Omar Maani, Mayor, Amman, Jordan
Sigfrido Tinga, Mayor, Taguig City, Philippines
Keshav Varma, Head, Global Urban Program, World Bank Institute
Moderator: James Lamont, South Asia Bureau Chief, Financial Times
15:40-15:50 CHAIR'S CLOSING REMARKS
