This marks the inaugural joint conference between the International Monetary Fund (IMF) and the International Organization of Securities Commissions (IOSCO), taking place alongside the IMF Spring meetings in Washington. Under the theme "Stabilizing the Future: Managing the Nexus Between Growing Capital Markets and Stability Implications," the conference promises insightful discussions on bolstering market resilience, the expanding role of private funds, and enhancing collaboration between central banks and securities regulators.
Market regulators and IMF hold first joint conference
The first panel will delve into strategies to prevent liquidity shortages across various funding markets, spanning short-term funding, corporate bonds, and government bonds. Distinguished speakers include Mohamed Farid, Chairman of the Egyptian Financial Regulatory Authority (FRA), alongside representatives from the IMF, Barclays, and Blackrock.
The second panel will scrutinize the factors driving the meteoric rise of private funds, which have surged past USD 11 trillion over the past decade. It will dissect the risks associated with this surge and explore policy measures to mitigate these risks and uphold financial stability. Notable speakers will feature the head of the UK Financial Conduct Authority.
In a segment tailored for regulators, the conference's high-level policy panel will assemble central bank officials and securities regulators to deliberate on effective regulatory frameworks in an environment where non-bank entities wield increasing influence. Esteemed speakers include IOSCO Chairman Jean-Paul Servais and a senior official from the US Treasury Department.
Maait to Advocate for Developing Nations' Interests at IMF
Dr. Mohamed Maait, Egypt's Minister of Finance, will be participating in the meetings as well as the meetings of the G20 finance ministers.
He will also take part in the annual Health Financing Forum hosted by the World Bank, themed "Investing in Health in the Post-Pandemic Era – Challenges in Health Financing."
Maait aims to voice the concerns of developing and African countries regarding the reform of the global financial structure to better serve their interests. He will present Egypt's vision for dealing with international and regional challenges and their negative impacts on developing countries, advocating for measures to achieve stability and economic growth.
Explaining the recent developments in Egypt's economic trajectory, Maait will highlight efforts to empower the private sector to lead economic development, alongside increased investment in human development pillars such as health and education. These endeavors align with the goal of enhancing citizens' living standards.
Moreover, Maait will showcase Egypt's experience in public financial management amid significant challenges arising from economic slowdowns and regional and international geopolitical tensions. Despite these hurdles, positive indicators have been achieved in the current fiscal year, reflecting efforts to establish financial discipline.
He will underscore the importance of international cooperation in mitigating the negative effects of global economic crises, particularly the sharp inflationary pressures impacting emerging economies. Maait emphasizes the need for multilateral institutions and development banks to play a more significant role in providing low-cost financing to support developmental goals and green transition efforts.