Global Debt Mobilization Conference 2019

Preliminary Agenda

Monday, September 23

AfternoonGuest Registration

7:00 pm - 10:00 pmWelcome Event Sponsored by Cofides
(El Pelicano - Hotel Meliá Castilla)


Tuesday, September 24

Day 1 Theme: 
Milestone Achievements Since GDMC Inauguration, Current Challenges and Emerging Opportunities
Master of Ceremony: Ms. Sabrina Borlini, Director, Syndications Department, IFC

8:00 am - 8:50 amNetworking Coffee

8:50 am - 9:00 amConference Opening

  • John Gandolfo, Vice President & Treasurer, IFC

 

9:00 am - 9:45 amWelcoming Remarks

9:45 am - 10:30 amGlobal Outlook: Where Will Macroeconomic Trends Lead Us in 2020?
Presentation by Jean-Pierre Lacombe, Director, Global Macro & Market Research, IFC

  • How are growing populism in the West, slowing growth in Asia, and rising social instability affecting global capital flows and trends toward integration?
  • What’s likely to happen with U.S. monetary policy as the Federal Reserve achieves target levels?
  • What will be the lingering effects of Brexit on the European Union?
  • How will the growing debt burden affect African economies/industries across the continent as Africa continues its recovery from the 2014 commodity price slump?

10:30 am - 11:00 amNetworking Coffee

11:00 am - 12:00 pmChanging Landscape: Emerging Threats and Opportunities
Panel discussion moderated by David Marsh, OMFIF

  • Landscape changes since GDMC 2017
  • Emerging risks and opportunities for EM investing and MDB efforts to develop local capital markets
  • Consideration of global political and economic issues of the moment; segue from Lacombe’s outlook to answering question of “What can we do about it?”

Confirmed Speakers

  • Pascal Blanqué, Group CIO, Amundi Asset Management
  • Martin Scheck, CEO, ICMA

 

12:00 pm - 1:00 pmCreating Sustainable Investment Opportunities: The Power of Partnerships to Spur Lasting Change
Panel discussion moderated by Reshma Kapadia, Senior Writer, Barron’s Magazine

  • How are responsible practices and sustainability factors being embedded into global finance? [Relevant regimes include: Principles for Responsible Investment (investors); Principles for Responsible Banking (banks); and Network for Greening the Financial System (central banks & regulators)]
  • How are central banks and regulators raising their expectations on how banks, pension funds, insurers and capital markets more generally manage sustainability risks, most notably climate change?
  • How can the private sector support the MDBs in financing the SDGs?
  • Regulatory changes and sustainable finance in the EU/UK: what will be the effect on non-EU markets? Should others follow suit?
  • How can companies develop sustainability strategies? How should companies report the resilience of their strategy under different climate scenarios?

Confirmed Speakers:

  • Moderator: Reshma Kapadia, Senior Writer, Barron’s Magazine
  • Carsten Quitter, Chief Investment Officer, Allianz Global Investors

 

1:00 pm - 2:30 pmNetworking Lunch

2:30 pm - 5:25 pmAFTERNOON BREAKOUT SESSIONS

Track 1:

Innovation and New Platforms for Emerging Market Mobilization

Track 2:

Impact, Sustainability and Emerging Market Mobilization

2:30-3:15pm:
Breakout 1A. Market Development:  How Deeper Local Currency Debt Markets Can Close the Gap in FX Risk Mitigation

  • We have investors available (MCPP is a proven concept), but investors are unwilling to take FX risks. How can we respond to clients’ needs in local currency financing as we are scaling up in IDA countries where the clients’ needs are better served in local currency?
  • What are the opportunities and constraints from investing in local currency corporate bonds?
  • How to manage FX risks effectively in a local currency credit fund?
  • How can DFI contribute to addressing investors’ concerns about currency risks?
  • Are there instruments or vehicles that can be structured to bring more investors into taking local currency exposures in emerging markets?
  • What is needed to make local currency corporate bonds appeal to a wider group of investors?

Confirmed Speakers:

  • Moderator: Valentina Antill, Citi
  • Keshav Gaur, Director, CTCDR, IFC Treasury
  • Sudip Chatterjee, Head of Global Capital Markets, Euroclear
  • Ruurd Brouwer, CEO, TCX
  • Aude Pacatte (female), Director, Head of Portfolio Management, EBRD

2:30-3:15pm: Breakout 2A. Upstream Project Development: How DFIs Are Mobilizing Investors into the Clean Energy Sector

  • Highlights of the IFC mobilization experience in Egyptian Solar and Colombia 4G: upstream work, project execution, and portfolio management
  • What needs to be in place to crowd in long-term financing for infrastructure?
  • What can be learned from the making of the Colombia 4G program?
  • How was the enabling environment created?
  • How far in advance do sponsors need to be laying the groundwork?
  • What are the risks and how can the risk-return be managed?
  • How does the Egyptian Solar program expedite the development of bankable clean energy generation projects in emerging markets?
  • What other markets are ripe for investment in sustainable energy projects?
  • How can upstream project development unlock new investment opportunities in emerging markets?

Confirmed Speakers:

  • Moderator: Adam Schwartzmann, Manager, Infrastructure, IFC
  • Lorraine Bayliss, Partner, Energy & Infrastructure Group, Allen & Overy
  • Mauricio Cardenas, Former Minister of Finance, Republic of Colombia

3:25-4:10pm: Breakout 1B. Structured Finance and Capital Markets-Based Mobilization: New Solutions to Grow Financing Options for Emerging Market Corporates

  • How can structured finance and credit solutions be used to increase financing to corporates in emerging markets?
  • How to bring private sector financing to infrastructure?
  • How to facilitate capital market access for local corporates?
  • DFIs’ role in supporting local corporate bond issuance
  • Success stories and lessons learned from SME Boards
  • How can we foster the development of secondary markets for alternative lending to SMEs?
  • Product/Platform Structuring & Risk/Return

 

Confirmed Speakers:

  • Moderator: Jonathan Brandon, Managing Editor, Bonds & Loans   
  • Janne Sevanto, Principal Financial Officer, Treasury Client Solutions – Latin America & Caribbean, IFC Treasury
  • Dr. Sebastian Schroff, Global Head of Private Debt, Allianz Investment Management

3:25-4:10pm: Breakout 2B: Recent Innovations in Green Finance

  • What are the new Green Loan Principles?
  • Green bilateral loans, green syndicated loans, green revolving credit facility, and green project finance. What are the challenges?
  • Where are the main opportunities in growing the green loan market?
  • What role can green bond funds play in growing supply and demand of sustainable finance?
  • How can we develop a secondary market for green bonds/loans?
  • How does a green bond fund collate impact data?
  • How has pricing differed with these new loan products?

 

Confirmed Speakers:

  • Moderator: Flora Chao, Manager, Funding, IFC
  • Jean-Marie Masse, Global Head and Chief Investment Officer, Financial Institutions Group, IFC
  • Tim Conduit, Partner, International Capital Markets Group, Allen & Overy

4:10 am - 4:40 amNetworking Break

4:40-5:25pm: Technical Workshop 1C. Blended Finance

  • What tools do MDBs have at their disposal to support these efforts?
  • How WBG’s IDA PSW has been used to increase access to finance to SMEs and absorb currency risk to expand local currency financing?
  • Can this model successfully overcome origination challenges?
  • Are there markets and economic sectors that are most ripe for this model?

Facilitator:  

  • Frederic Wandey, Principal Financial Officer and Head of Treasury & Syndications Coordination Unit, IFC

Presenter:

  • Kruskaia Sierra-Escalante, Senior Manager, Blended Finance – New Business & Portfolio, IFC

 

4:40-5:25pm: Technical Workshop 2C:  Looking into the Crystal Ball – Green, SRI, Blue, ESG and Now SDG Bonds

  • How do the investors consider the different thematic bonds?
  • Is there a difference in performance of social bonds and green bonds?
  • What do underwriters find as a challenge for issuers vs. investors?
  • How is impact measured by investors across the bond types?
  • What are growth expectations for social and sustainability bonds?
  • What is the expected impact of regulation, the growth of ESG ratings/assessments for issuers?

Facilitator:

  • Esohe Denise Odaro, Funding, IFC

 

 

5:25 pm - 7:00 pmNetworking/Free Time

7:00 pmBuses' departure from hotel

7:30 pmIFC Gala Awards Dinner
(Casino de Madrid)

7:30 pm - 8:15 pmCocktails

8:15 pmDinner & Awards Ceremony

10:45 pm - 11:15 pmShuttles return to hotel

 

 


Wednesday, September 25

Day 2 theme:
Scaling Up: Creating Sustainable Investment Opportunities in Emerging Markets
Master of Ceremony:  Mr. Philippe Ahoua, Manager, Treasury Clients Solutions - Asia, IFC

8:30 am - 9:00 amNetworking Breakfast

9:00 am - 9:45 amThe Future of Investing: Technology’s Potential to Revolutionize Financial Markets

9:45 am - 10:35 amGame Changers - Technology: How Fintech Is Changing How and Who We Finance
Moderator
:  Martin Habel, Manager, CTCEM, & Acting Deputy Treasurer, IFC Treasury

  • As new technologies battle for our attention, which should banks and investors be paying attention to?
  • How are traditional players incentivizing fintech innovation? What are new players doing to stir the pot and change the status quo?
  • What are some of the most successful applications of fintech for changing how financial firms operate?
  • Can fintech really offer the “trifecta” of better services, lower costs, and deeper reach to unbanked firms and households globally?
  • How can governments effectively balance their role of protecting consumer privacy and data and encouraging businesses to harness these technologies to expand access to financial services?

Confirmed Speakers:

  • Salvador Ruiz Bachs, Partner, Allen and Overy

 

10:35 am - 11:05 amNetworking Coffee Break

11:05 am - 11:45 amGame Changers - De-Risking with Insurance: Mobilizing Risk Appetite to Deepen Emerging Market Investing
Moderator: Euan Marshall, Head of Co-Investor Solutions, IFC Syndications

  • How are DFIs using insurance to mobilize private partners into new EM assets and de-risk their existing exposures?
  • What specific types of assets are a natural fit for insurance? For what types do insurers have greatest appetite?
  • Do portfolio-based insurance solutions, like those piloted by IFC and OPIC, have the potential for scaleup and replication?
  • What were the most significant challenges in developing portfolio insurance? Can other DFIs and insurers adopt this model?
  • What is the potential for DFIs to standardize the documentation they use for insurance?
  • How can DFIs and insurers work together to push the envelope on eligible assets?

Confirmed Speakers:

  • Dan Riordan, President of Political Risk, Credit and Bonds, AXA XL
  • Peter Sprent, Head of Financial Risk Solutions, Liberty Specialty Markets
  • Stephen Kay, Managing Director, Structured Credit and Political Risk, Marsh JLT Specialty

 

11:55 am - 12:45 pmGame Changers – Innovations in Infrastructure: How Banks and Asset Managers Are Going Outside Their Comfort Zones to Invest in Emerging Market Project Finance
Moderator: Silvia Pavoni, Economics Editor, The Banker

  • How have global economic trends altered the landscape of project finance?
  • What are the most successful examples of regional banks going across borders to invest in infrastructure projects in neighboring countries?
  • When they move into other countries and regions, what are regional banks looking for?
  • How can other regions learn from Asia’s lessons and deepen their own regional financial networks?

Confirmed Speakers:

  • Claus Fintzen, Chief Investment Officer – Infrastructure Debt, Allianz Global Investors
  • Luca Tonnello, Joint General Manager, Head of Project Finance-Asia, Investment Bank Asia, SMBC
  • Clive Kerner, CEO, Clifford Capital Pte
  • Mike Cheng, Senior Vice President, Infrastructure Financing and Securitization, The Hong Kong Mortgage Corporation Limited
  • Jean-Jacques Barberis, Head of Institutional and Corporate Clients Coverage, Amundi

 

12:45 pm - 1:00 pmConference Close
John Gandolfo, IFC VP & Treasurer, Thank-you Remarks
 

1:00 pm - 2:30 pmNetworking Lunch

2:30 pm - 3:30 pmC-Suite Executives’ Roundtable (6 participants plus IFC Senior Management Team)
Moderator:  Reshma Kapadia, Senior Writer, Barrons

3:45 pm - 4:45 pmConference Sponsors’ Roundtable – Feedback and looking ahead
Chair:
John F. Gandolfo, Treasurer and Vice-President, IFC

5:00 pmSantiago Bernabeu Stadium Tour and Farewell Cocktail