9.00AM IMF Director's Press Briefing
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10.00AM Financial Inclusion: Can it meet multiple macroeconomic goals?
Financial literacy in schools crucial for meeting #FinInclusion goals #Peru2015 #188Together @globalvoicesau @UNSWCoop
— Zoe Diamond (@zdiamond_) October 8, 2015
The IMF was praised for including financial inclusion on its agenda as a means of promoting sustainable development.
Panel discussed the importance innovation in financial products and innovation, however warned that these innovations must be supervised and understood by governments. Innovation and education is needed to power people to create a credit history in an informal economy, such as many of the emerging markets.
Giving women access to financial instruments empowers them to create budgets and improve futures for their families. The IMF must seek to address issues with women's inability to hold collateral in some countries.
The biggest threat to financial inclusion is financial instability. This is more important now because the global economy, especially emerging markets are facing a lot of uncertainty.
1.00PM Debate on the Global Economy
Panelists:
Christine Lagarde, Managing Director, IMF
Mark Carney, Governor, Bank of England
Joaquim Levy, Minister of Finance, Brazil
@globalvoicesau delegates front and center for Debate on the Global Economy #GlobalEcon #AM2015 pic.twitter.com/Ph9oi16RQG
— Zoe Diamond (@zdiamond_) October 8, 2015
Global economic debate mediated by Richard Quest of CNN. Panelists included :
- Christine Lagarde, IMF Managing Director,
- Mark Carney, Governor BoE
- Joaquim Levy, Brazillian Minister of Finance
Discussion was focused around key challenges in the global economy including slow economic growth, monetary policy normalisation and structural reform.
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3.00PM Dougal McInnes
Director of DFAT Climate Branch
4.30PM World Bank Flagship Event: Future of Food
.@JimKim_WBG a self-confessed 'food groupie' committed to tackling hunger & stunting #foodforall @globalvoicesau pic.twitter.com/igp73pP00G
— Alexandra Edelman (@EdelmanAlex) October 8, 2015
The impact of climate change on food production was also discussed.