日志
Astana Economic Forum 2016: New Economic Reality
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Towards a New Growth Model
Silk Road Countries’ Forum: Energy, Resources and Sustainable Development
The End of Hyperglobalisation: The New Conditions for Economic and Financial Landscape
Kazakhstan Astana Economic Forum 2016: New Economic Reality
ASTANA, Kazakhstan, May 25, 2016 /CNW/ - The Astana Economic Forum 2016 is to take place in Astana, Kazakhstan on May 25-26. The theme of the AEF - "New economic reality: diversification, innovation and knowledge economy" - is related to global changes in the world determined by the development of a new economic reality and a number of challenges in geopolitics, the economy and financial systems.
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This year AEF is organized by the Ministry of National Economy of Kazakhstan, the "Economic Research Institute" JSC, and the "Economic Initiatives Fund of Kazakhstan" CF.
The Forum will host 20 events which are focused on four main subthemes: global economy, economic diversification, innovation and technology, and knowledge economy.
AEF 2016 expects 3,000 delegates, including renowned politicians, international economists, Nobel Prize winners, heads of international organizations and representatives of influential media to attend.
The Regional Conference of the International Monetary Fund chaired by IMF Managing Director Christine Lagarde, who visited Kazakhstan for the first time, was held on May 24.
The AEF 2016 starts with the "Future Energy: Global Trends and Technologies" session where participants discuss scenarios of global energy development till 2050; "The End of Hyperglobalisation" session organized by the Reinventing Bretton Woods Committee; and the "Kazakhstan Investment Summit" organized jointly with international magazine The Economist.
The Kazakhstan Privatization Forum co-organized by international publisher The Financial Times will take place on May 26. Being the new item on the AEF agenda, the session will identify new investment opportunities in key sectors of Kazakhstan's economy. The "Regional Think Tank Summit" and the "Great Silk Road Countries" sessions will also be held on May 26.
The Forum's closing event will be the Plenary Session, which, for the first time, will be held in the Kazakhstan Central Concert Hall. The plenary session will be opened by the President of Kazakhstan N.A.Nazarbayev and will be attended by renowned experts, politicians, heads of the largest financial institutions and international organizations, and Nobel Prize winners. Among them are: Jack Ma, founder of the AliBaba Group; Suma Chakrabarti, EBRD President; Jeffrey Sachs, Director of the Earth Institute at Columbia University and one of the most influential economists in the world according to The Economist; Daron Acemoglu, Professor of Economics at MIT, bestselling author; and Roberto Azevedo, WTO Director-General.
The AEF partners: UN, OECD, World Bank, IMF, EBRD, ADB, Secretariat of Boao Forum for Asia and others.
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SOURCE Astana Economic Forum
For further information: For general queries or further information about the AEF please e-mail pr-media@forum-astana.org or visit http://forum-astana.org
Organized by:
Ministry of National Economy of the Republic of Kazakhstan;
JSC “Economic Research Institute”
Joint Vienna Institute
Several countries in the Caucasus and
Central Asia (CCA) will need a new growth model to restart economic
convergence in a fast changing global environment. Following years of
extraordinarily high growth rates in commodity exporting countries prior
to the global financial crisis, the region may have exhausted easy
convergence possibilities. It has recently faced several parallel,
possibly long lasting shocks, including growth declines in major trading
partners (e.g., Russia and China), plummeting commodity prices, and
depreciating exchange rates in the context of a stronger U.S. Dollar.
All of these hit commodity exporters particularly hard, and uncertainty
around further rises in U.S. policy rates is another challenge.
Estimates of potential growth in the CIS region[1] have declined from
above 7 percent, prior to the global financial crisis, to about 3
percent over the medium term. Such significant deceleration is in part
driven by the economic recession in Russia and Ukraine, and negative
spillover effects on other countries in the region. Potential growth in
Kazakhstan has slowed from a pre-crisis 8 per cent to about 4 per cent.
The panel session, organized in partnership by the Economic Research
Institute (ERI) and the Joint Vienna Institute (JVI) will analyze
current challenges facing the region and discuss policies to overcome
them as well as policies to increase potential growth. More
specifically, the session will cover:
• Is there a “New Normal” with low commodity prices and weak growth in trading partners?
• What is the appropriate policy response to temporary as well as
longer-lasting shocks in the region, in terms of fiscal and monetary
policies and exchange rate adjustments?
• What is the role of structural reforms in raising potential growth and
shifting the gears of economic development? What are reform priorities?
The first session will be organized in the format of a panel with a
keynote speech delivered by Prof. Jeffrey Sachs, Senior UN advisor and
Director of the Earth Institute at Columbia University. The keynote
speaker will open the session by analyzing the overall economic
situation in the region with particular reference to Kazakhstan and the
region’s place in the world economy (25-30 minutes speech). Each
consecutive speaker of the panel will address selected challenges and
discuss policies (measures, solutions) to overcome these. The discussion
will be concluded with a Question and Answer (Q&A) session followed
by a coffee break.
After the coffee break, the JVI and ERI will conduct an interactive
workshop for officials, researchers and experts from the region to
discuss structural reform priorities for the countries in CCA/CIS.
The aim of the workshop will be to identify key structural bottlenecks
for the region and suggest reform priorities. There is ample empirical
macroeconomic and microeconomic cross-country evidence that structural
reforms are beneficial for growth; however, it is less clear what reform
priorities should be.
The workshop will be kicked off with short introductory presentations by
Aset Irgaliyev, Chairman of Economic Research Institute, and Norbert
Funke, Director of Joint Vienna Institute. Areas to be considered
include institutions, infrastructure, goods market efficiency, and
financial markets. Following the kick-off presentations, participants
will split into small groups of about 6-8 people each. Each group will
discuss one reform area, with a view to identify three policy
recommendations. Following the discussion in small groups, each group
will present its findings to other workshop participants. The session
will conclude with a general discussion of political economy
considerations and implementation constraints.
The workshop is primarily concerned with identifying reform priorities, promoting partnership, and networking.
Silk Road Countries’ Forum: Energy, Resources and Sustainable Development
Organized by:
Ministry of National Economy of the Republic of Kazakhstan;
“JSC “Economic Research Institute”
Boao Forum for Asia
Silk Road Countries Forum, aimed at bringing together policy makers
and business representatives from Europe, Asia and Middle East, is one
of the main events of the Astana Economic Forum. The Forum will address
the most pressing issues related to cooperation of countries located
along the historic route that determines overall regional development in
the future.
The Forum will first of all address the challenges and prospects of
aligning two Eurasian geopolitical projects – The Silk Road Economic
Belt and Eurasian Economic Integration. These high-potential
initiatives, which aimed at formation of new economic reality for the
region, have common directions, interaction of which will contribute to
development of more coherent and effective strategy for co-development
of countries in the region.
In addition, issues concerning the energy cooperation, particularly
relevant in the context of current uncertainty in the global energy
market will be discussed during the Forum.
Certain sessions of the Forum will be focused on issues of
infrastructural development of the region, economic cooperation and
trade, as well as an increase of production capacities in the framework
of joint projects implementation.
The uniqueness of the Forum lies in its relevance and timeliness. The
growing interest of the international community to projects aimed at
revival of the Silk Road provides a special status to the event.
The upcoming forum will be held with the participation and in
cooperation with Boao Forum for Asia, known as international forum,
which brings together the Government leaders, businessmen and
representatives of think tanks from Asia and other continents to
address the challenges concerning the economic dynamics of Asia and the
World.
The session will bring together the leading experts of China, Russia,
Turkey, the Middle East and Central Asia. The representatives of
international financial organizations and experts are also expected to
participate in the event.
Program
| 09:00am |
Moderator: Welcome Speech: |
| 09:30am |
Session 1: Linking “One belt, one road” with the Eurasian Economic Union and SCO Key questions: • The One Belt, One Road Initiative, as proposed by Chinese
President Xi Jinping, connects the EU – one of the most advanced markets
– at one end and East Asia – one of the most dynamic growth regions
today – at the other. In between are vast expanse of underdeveloped and
developing countries in Central Asia, the Middle East and Central Asia.
Which opportunities with the initiative offer for these countries? Moderator: Speakers: |
| 11:30am |
Session 2. The Shifting Landscape of Global Energy & Resources Key questions: Moderator: Speakers: |
| 2:30pm |
Session 3. Europe-Asia Cooperation on Production Capacity Key questions: Moderator: Speakers: |
| 6:00pm | Close |
The End of Hyperglobalisation: The New Conditions for Economic and Financial Landscape
Organized by:
JSC “Economic Research Institute”;
Reinventing Bretton Woods Committee
The WORLD 2016 faced with a number of complex challenges in
geopolitics, economy and financial system. The global economy is on the
threshold of a new world - tectonic and fundamental shifts are happening
in its development.
Particular attention will be paid to paradoxes and transformation of
global economy, the end of super cycle of commodities prices and the
golden decade of emerging markets, slowdown of global trade, the period
of low investments and the capital outflow from EMs and developing
countries, risks of financial stability, currency wars, their impact on
global economic welfare and ways to sustainable globalisation.
The high level session will be jointly organized by the Government of
the Republic of Kazakhstan and international organizations.
The idea is to discuss under an overarching theme of the End of
Hyperglobalisation, the groundbreaking shifts shaping our regions and
respective countries in terms of economic and geopolitical risks and
their impact on the sustainable growth. We will pay particular attention
to policy options to mitigate spillovers and how we can benefit from
the new developments and trends.
Program
| 25 May | |
| 09:20am |
Flagship Session 1. Global and regional context: the end of the super-cycle of commodities prices? Moderator: Opening remarks: Speakers: |
| 11:20am |
Flagship Session 2. The Multiple Uncertainties and Volatilities in the Global Economy: Rising Risks of Instability Moderator: Speakers: |
| 2:30pm |
Flagship Session 3. A Growth Reset for Emerging Markets Moderator: Speakers: |
| 4:20pm |
Flagship Session 4. Monetary and Financial Challenges in Eurasia Moderator: Speakers: |
| 6:00pm | Close |
| 26 May | |
| 08:45am |
Key questions: Flagship Debates: The new business climate for the private sector: what are the rules of the game? Moderator: Keynote speech: Speakers: |
| 12:40pm | Close |
