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2009 Annual Meetings - Civil Society Policy Forum

Available in: Türkçe, العربية, Français, Español

Updated: Jan 20, 2010 at 3:10 pm

Civil Society Policy Forum
Istanbul, Turkey
October 2 - 7, 2009

The Civil Society Policy Forum will be held from Friday, October 2 to Wednesday, October 7, prior to, and during the 2009 Annual Meetings of the International Monetary Fund and World Bank Group. It is being organized by the WBG and IMF Civil Society Team. The Forum will bring together Bank and Fund staff, CSO representatives, government officials, academics, and others to exchange views on a variety of topics ranging from the global economic crisis and climate change, to governance reform. It will also include a Townhall Meeting with Bank President Robert B. Zoellick and Fund Managing Director Dominique Strauss-Kahn.

Please find the tentative schedule of sessions below. Please check back frequently as we will be adding additional information on a daily basis. If you would like more information on these sessions or are interested in organizing a session, please contact John Garrison at jgarrison@worldbank.org.

While most of the sessions will be held in English, we will be offering interpretation in four languages (English, Turkish, French, Russian, and Arabic) for a number of sessions.  These are indicated for each respective session below. 

The sessions of the CS Forum will be largely held in the CSO Center on the 5B floor of the Istanbul Congress Center (ICC)  which is located at Congress Valley, 34267 Harbiye  but a number of sessions will be held in other rooms in the ICC or at the Lutfi Kirdar Building (located next door).  These are indicated below.

Accredited CSOs wishing to meet with representatives from MIGA's Senior Management team during the Annual Meetings may send an email to migainquiry@worldbank.org, indicating the topic/s for discussion. This will help MIGA ensure the appropriate staff member is available or, depending on schedules, to set up a meeting at a future time. MIGA will respond directly to CSO expressions of interest.

 

Friday Saturday Sunday Monday  Tuesday Wednesday 

Civil Society Forum Events
(Click Here for Turkish Version)
 

Friday, October 2

14:00  - 17:00
ICC -  Emirgan 1

Orientation Session on the International Monetary Fund and World Bank Group

Sponsors: International Monetary Fund (IMF), World Bank Group (WBG)

Speakers: Edith Grace Ssempala (Special Advisor, WB), Vasuki Shastry (Public Affairs Chief, IMF), Jeremy Mark (Public Affairs Deputy Chief, IMF), Andrew Kumbatira (Executive Director, Malawi Economic Justice Network) John Garrison (Civil Society Specialist, WB), Aaron Rosenberg (Chief Public Affairs, IFC), Tunya Celasin (Senior Communications Officer, WB), Joshua Lichenstein (Manager, Latin America and Caribbean Program, Bank Information Center), Filiz Demirayak (CEO, WWF Turkey) and Jan Karpowicz (Chief of Party, World Learning Cyprus) - CHAIR

This session will focus on the IMF and WBG (International Bank for Reconstruction and Development, International Finance Corporation, Multilateral Investment Guarantee Agency) origins, organizational structure, major policies, and operational work. Space may be limited thus please RSVP to this session by sending email to: nokereke@worldbank.org 

  * Coffee, tea, and cookies will be served.
**  Interpretation in English, Turkish , French, Russian, and Arabic will be offered

Participants List 

 

18:15  - 19:15
ICC B2-Beyazit

Civil Society Townhall Meeting

Sponsors: International Monetary Fund, World Bank Group

Panelists: Dominique Strauss-Kahn (Managing Director, IMF) and Robert B. Zoellick (President,WBG), Archbishop Winston Njongonkulu Ndungane (President, African Monitor) - CHAIR

Messrs. Strauss-Kahn and Zoellick will host this townhall for CSO representatives accredited to the Annual Meetings. The session will include initial remarks by Archbishop Ndungane and Messrs. Strauss-Kahn and Zoellick to be followed by a general discussion on issues of concern to CSO representatives.

 *  Interpretation in English, Turkish , French, Russian, and Arabic will be offered

Participants List 

 

19:15  - 20:30
ICC B3-Prefunction
Room

Civil Society Reception

Sponsors: International Monetary Fund, World Bank Group

The reception will be hosted by Caroline Atkinson (Director of the External Relations Department, IMF) and Marwan Muasher (Senior Vice President for External Affairs, World Bank) as a follow up to the Townhall Meeting.

 

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Saturday, October 3

9:00 – 10:30
CSO Room A

IDA - Opportunities and Challenges in the context of the Global Financial Crisis

Sponsors:  World Bank Group, InterAction, African Monitor

Speakers:  Axel van Trotsenburg (Vice President Concessional Finance & Global Partnerships, WB), Archbishop Njogo Ndungane (Founder and President, African Monitor), Sam Worthington (CEO, InterAction)

The panel will discuss the effects of the crisis on IDA-recipient countries, the growing financial needs arising from the crisis, and the challenges of financing these incremental needs through strained aid budgets.  It will also discuss IDA's current response to the crisis and additional approaches for supporting IDA countries.

Participants List

 

9:00  - 10:30
CSO Room B

Integrating Human Rights into the World Bank Group

Sponsors:  World Resources Institute (WRI), Center for International Environmental Law (CIEL), and Indian Law Resource Center (ILRC)G

Speakers: Kirk Herbertson (Associate / WRI), Kristen Genovese (Attorney / CIEL), Leonardo Crippa (Attorney / ILRC), and Juan Martin Carballo (Attorney / CEDHA – TBC)

The global financial crisis, climate change, and food shortages are driving millions of people into extreme poverty. As the World Bank Group (WBG) responds to these global crises, the legitimacy of its solutions depends on avoiding harm to, and providing benefits for, the world’s most vulnerable people. For years, there has been internal and external pressure on the WBG to integrate human rights into its operations. While human rights outcomes have been implicit in many of its operations, in many cases the WBG has had an inconsistent record.

This roundtable will discuss the following issues:
 
• What are the gaps in the World Bank’s and IFC’s coverage of human rights?
• What are the obstacles for incorporating human rights into WBG policies and operations?
• What is the value added of integrating human rights into the WBG’s environmental and social safeguards?
• What steps can be taken to clarify the WBG’s legal obligations under international human rights law?

 

11:00  - 12:30
CSO Room B

 The Crisis in Emerging Europe

Sponsors:  IMF

Speakers: Marek Belka (Director, European Department, IMF) 

Emerging Europe has been seriously affected by the global financial crisis. Governments, with the support of the IMF and the international community, have taken decisive steps to address the challenges The crisis demonstrated that while the integration of Europe's economies has been a tremendous success story, economic integration has gone further than economic policy coordination. What impact will this have on EU convergence and the process of further integration? Has Europe done enough to reform its financial system? What are the future drivers of growth for emerging Europe?

Participants List 

 

11:00  - 12:30
CSO Room A

Toward a Common Transparency Standard Applicable to all Aid Flows?

Sponsors: CIVICUS : World Alliance for Citizen Participation,  International Aid Transparency Initiative (IATI)

Speakers: Romilly Greenhill (Co-ordinator, IATI), Karin Christiansen (Director, Publish What You Fund Campaign), Marta Cumbi (Advocacy Manager, Foundation for Community Development/Mozambique), Kyle Peters (Director for Strategy and Country Services, OPCS / WB)
 
The International Aid Transparency Initiative (IATI) aims to deliver a step shift in public availability and accessibility of information on aid flows and activities, globally. Launched in the margins of the Accra High Level Forum (HLF) in September 2008, the IATI now has 17 donor signatories and a growing number of endorsements from partner countries. The IATI aims to bring together donors, partner countries and civil society organizations to agree on a set of common information standards applicable to all aid flows.  The session will discuss the feasibility of common information standards applicable to all aid flows (ODA, new donors, CSOs).

Participants List 

 

12:30 – 14:00
CSO Room A

THE UN CONFERENCE VERSUS THE G-20 SUMMITS: The Gap in Legitimacy, Inclusivity and in Addressing the Development Crisis Created by the Financial Crisis

Sponsors: Third World Network (TWN), ActionAid International, and Jubilee South

Speakers:  Professor Joe Stiglitz (Columbia University and Chairman of the UN Commission on the Financial Crisis), Bert Koenders (Minister for Development Cooperation in the Netherlands), Benno Ndulo (Central Bank Governor of Tanzania and Member of the UN Commission on the Financial Crisis) (TBC), Zeti Aziz (Central Bank Governor of Malaysia and member of the UN Commission on the Financial Crisis) (TBC), Roberto Bissio (Executive Director, Social Watch) (TBC), Bhumika Muchhala  (Development Finance Programme, Third World Network)

The UN Conference on the world economic and financial crisis produced substantive policy content on the ways in which the current financial crisis is impacting developing countries, and what kinds of policy measures are required.  The Conference was also a historic event that marked the voice of the United Nations in economic policy, and demonstrated a truly inclusive and participatory forum for addressing the financial crisis through the G-192, in sharp contrast to the self-selected and unaccountable body of the world’s richest countries, the G-20.   This event will explore policy issues such as debt distress in low-income countries, policy space in finance and trade measures, loan conditionalities of the IMF and World Bank, trade and financial protectionism, the need for a new global reserve system, and meaningful cooperation between the Bretton Woods Institutions and the United Nations system.  These issues are critical to address the development crisis created by this financial crisis, and the gap between how the UN addressed these issues while the G-20 omitted them is important to consider. 

The panelists in this event will make a comparative assessment between the substantive outcome of the UN Conference and the three G20 Summits that have occurred thus far.  Such an assessment will increase understanding of where and how the priorities differ between G-192 and the G-20, and how political will from world leaders is falling short when it comes to addressing the development crisis.

Participants List 

 

14:00  - 15:30
CSO Room A

Climate-Smart Development and the World Development Report

Sponsors:  World Bank

Speakers: Marianne Fay (WDR Co-Director and Chief Economist for Sustainable Development Network, WB), Nick Stern (IG Patel Professor of Economics, London School of Economics), Akin Ongor (Board Chairman, World Widlife Fund – Turkey), Filiz Demirayak (CEO, WWF/Turkey) - CHAIR

Most people agree that unchecked climate change poses a threat to the global economy. So how can the transition to a low carbon world be realized? This session will explore ‘ground-up’ solutions for climate mitigation and adaptation. It will also explore the economics of climate change and how to transcend the tension between growth, energy access and a cleaner planet. Presenters will use the recently launched “World Development Report 2010: Development and Climate Change” as a launching point for discussing the optimal path for climate smart development.

Participants List 

 

14:00  - 15:30
CSO Room B

Civil Society In Turkey

Sponsor: Third Sector Foundation (TUSEV)

SpeakersIngrid Srinath (Secretary General, CIVICUS), Zeynep Meydanoglu Programme Director (TUSEV), Mehmet Ali Caliskan (YADA Foundation)

A vibrant and robust third sector is vital to ensuring that democratic practices are deepened and that diverse sets of voices are represented and empowered in public life. Today, civil society organizations (CSOs) have come to play an important role in building mechanisms to encourage participation and civic engagement in Turkey. This session will aim to give the audiance a sense of where Turkey stands in the global civil society movement, the sector’s strenghts, weaknesses, challenges and opportunities ahead. The first part of the session will give an overview of the state of civil society in the world and in the region. The second part will present an in depth assessment of the state of civic participation, values, impact and environment of civil society in Turkey. The final section will focus on the characteristics of CSOs in Turkey. Panelists will be drawing their conclusions from recent studies such as the CIVICUS Civil Society Index and Civil Society Culture in Voluntary Organizations Research of YADA supported by TUBITAK.

Summary Notes
Participants List 

 

16:00 - 17:30 
 CSO Room A

Global Financial Crisis and its Impact on Africa

Sponsor: International Monetary Fund

Speakers: Antoinette Sayeh, Director, African Department (IMF), and Hugh Bredenkamp, Deputy Director, Strategy, Policy, and Review Department, (IMF)

The global financial crisis originated in the advanced economies and has had its most visible impact on the emerging market countries. However, a third wave of the crisis has threatened the remarkable economic achievements many African countries have made over the past decade. Please join us for a panel discussion to discuss the continued impact of the financial crisis on Africa and the Fund's response in terms of policy advice, scaling up financial assistance, and innovative program design.

Participants List 

 

16:00 - 17:30
 CSO Room B

Agriculture And Food Security: Are the Recent Commitments to Boost Agriculture in Africa Irreversible or Another Fad?

Sponsors:  African Monitor, World Bank Group

SpeakersAndrew Kumbatira (Executive Director, Malawi Economic and Justice Network), Marta Cumbi (Cooperation & Advocacy Director, Foundation for Community Development / Mozambique), Warren Nyamugasira (Managing Director, African Monitor), Juergen Voegele (Director, Agriculture and Rural Development, WB)

On the one hand, nearly all African countries are net food importers. On the other hand, there is a proliferation of acquisition of African farmland by foreign countries for their own agricultural production. What if commitments to agricultural development were fully carried out, existing technical solutions and best practice applied, an enabling policy environment created and Comprehensive Africa Agriculture Development Programme (CAADP) refocused to, amongst others, coordinate the leasing and procurement of arable land and assist African governments with strategies for dealing with cyclical famines?

This session will discuss the proposition that if the renewed focus on agriculture is not to be another passing fad and the proposed concrete actions are taken, Africa should be able to feed itself.

Participants List 

 

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Sunday, October 4

11:00  - 12:30
CSO Room B

Civil Society Views on the Bank’s Role in Climate Change

Sponsors:  Greenpeace/Russia, Oxfam, Bank Information Center (BIC)

Speakers: Ivan Blokov (Greenpeace/Russia), Others (TBC)

The World Bank Group is at a critical crossroads in how strongly it's project selection and evaluation criteria will reflect the urgency of climate change and other critical environmental and economic issues.  The World Bank Group must take the high road in the climate debate through the critical choices it makes to support the most vulnerable people of the developing world through funding of progressive environmental initiatives. Civil Society Organizations will highlight their expectations of World Bank Group leadership on environmental issues through several speakers from Greenpeace, Oxfam and additional CSO's.

Participants List 

 

12:30  - 14:00
CSO Room A

The Aid System: Does ‘Mutual Accountability’ Encourage Outcomes?

Sponsor: Center for Global Development (CGD)

Speakers: Donald Kaberuka (President, African Development Bank), Nancy Birdsall (Director, CGD), Max Lawson (Senior Policy Advisor, Oxfam Great Britain), Hilde Johnson (Deputy Executive Director, UNICEF)

The development community has identified and promoted several principles, embodied in the Paris Declaration and Accra Agenda for Action, to make development assistance more effective.  A principle that has been one of the focal points of these reform efforts is the promotion of mutual accountability between funders and developing country governments.  Has that focus on mutual accountability of funders and recipients to each other distracted from their accountability respectively to their taxpayers and their own citizens? Has that focus encouraged concern with inputs rather than outcomes?  At this event, we seek to discuss accountability in the context of an emphasis on outcomes.

Participants List 

 

14:00 – 15:30
Hotel Hilton Istanbul, Vista Room -  9th Floor
(Cumhuriyet Caddesi 34367, Harbiye – immediately adjacent to the Congress  Center)

Global Economic Governance - Lessons from the Financial Crisis 

Sponsor: Friedrich-Ebert-Stiftung Foundation (FES)

Speaker: Heidemarie Wieczorek-Zeul (German Development Minister), Jomo Kwame Sundaram (Assistant Secretary General for Economic Development / DESA), Bettina Luise Ruerup (Director, FES Istanbul), Hubert Schillinger (Globalization Dialogue Coordinator, FES) – CHAIR.

The financial crisis has added new impetus to ongoing international discussions on the reform of the international financial system and architecture, including the further reform of the governance of the Bretton Woods institutions. This discussion is not limited to the Bretton Woods institutions themselves. Based on the recommendations of the Commission of Experts of the President of the General Assembly (Stiglitz Commission) the outcome of the United Nations Conference on the World Financial and Economic Crisis provides a number of important recommendations for improving global economic governance structures. This policy dialogue session provides the opportunity for CSOs to interact with the German Minister for Economic Co-operation & Development on both strands of reform discussions.

 

14:00 – 15:30
CSO Room B

Extractive Industry Contract Disclosure:   Review of the IFC's Social and Environmental Sustainability Policy

Sponsor:  Bank Information Center (BIC)

Speakers:  Karin Lissakers (Director, Revenue Watch Institute), Susan Maples (Columbia Law School Human Rights Institute), Gubad Bayramov (Board Chair, Economic Research Center/ Azerbaijan), Dorjdari Namkhaijantsan (Director, Open Society Forum/ Mongolia), World Bank Executive Director (TBC)

The most widely supported recommendation stemming from the World Bank's Extractive Industries Review (2003) was the need to strengthen governance surrounding the extractive industries and, specifically, transparency.  As such, World Bank Management is committed to improving transparency of extractive industry revenues and contracts.  As part of this commitment, the IFC's Social and Environmental Sustainability Policy required contract disclosure from "significant" projects. However, since the inception of the Sustainability Policy in 2005, no IFC project has triggered this requirement.  Now that IFC's Sustainability Policy is under review, this session will comprise an expert panel discussing the reasons for strengthening the World Bank's performance and, specifically, the IFC's Policy on extractive industry contract disclosure.

Participants List 

 

14:00 – 15:30
CSO Room A

Youth, Volunteerism, and Social Capital

Sponsor:  Educational Volunteers Foundation of Turkey (TEGV)

Speakers: Bill  Reese (CEO, International Youth Foundation / United States), Ziad Abdel Samad (Executive Secretary, Arab NGO Network for Development / Lebanon), Nurdan Sahin (General Manager, TEGV / Turkey), Nadejda Afanasieva (Program Coordinator, Association for Participatory Democracy / Moldova), Prof. Korel Goymen ( Sabancı University / Turkey) - CHAIR

The international development agenda has been evolving and has adopted a much more comprehensive approach to development that not only contemplates economic growth, but the well being of its citizens.  One of the key indicators of this paradigm shift is the growth of social capital and how volunteerism is used to strengthen it.  Volunteerism is described as “the practice of people committing time, knowledge, and effort for other people without being motivated by financial gain”. Volunteer work not only plays a significant role in balancing the existing injustices in a society but also functions as a mean of sustaining social solidarity and personal development.  There is significant research that shows that those who volunteer, not only are more tolerant and respectful of democratic values, but become more self-confident social activists. This session will provide a panel discussion between the civil society representatives from different countries on recent developments in youth volunteerism and particularly its impact on social capital. 

Participants List 

 

16:00 - 17:30
CSO Room B

How the World Bank and ADB Reshape Urban Infrastructure Finance and Governance in India

Sponsors: Bank Information Center (BIC)

Speakers: Lalitha Kamath (Independent Researcher based in India), Vinay Baindur (Independent Researcher based in India), Junaid Ahmad (Sector Manager, Urban and Water Unit / WB), Sandra Smithey (Program Officer, C.S. Mott Foundation) - CHAIR

The Government of India and the multilateral development Banks point to Indian’s weak infrastructure as the ‘Achilles heel’ in India’s unprecedented economic growth.  They claim that India needs investments of $425 billion dollars in infrastructure by 2010-2011, but currently has a gap of $123 billion.  Further, they say that central, state and local governments cannot fill this gap due to fiscal constraints as well as efficiency problems and thus the country must look to the private sector to fill these gaps. Given this logic, both the World Bank and the ADB have launched a series of loans, technical assistance and advisory/knowledge services to both promote private sector involvement and actively help restructure state and local government and administration. The focus is often on commercial viability and promoting private-public partnerships, but there are no set performance criteria that dictate improved access for the urban poor or better quality of infrastructure provided. 

This Panel will discuss findings from research commissioned by BIC which demonstrates that the WB and ADBs’ role in restructuring urban governance and infrastructure finance in India is helping to create an enabling environment for privatization. It will also show how this restructuring impacts municipalities and the delivery of basic services particularly for the urban poor.

Participants List 

 

16:00 - 17:30
CSO Room A

Dialogue with the IMF: How is the IMF Measuring Up to Its Promises of Reform?

Sponsor:  Heinrich Boell Foundation,Third World Network (TWN), European Network on Debt and Development (EURODAD)

Speakers: Ranji Teja (Deputy Director of the Strategy, Policy and Review Department, IMF), Jomo K.S. (Assistant Secretary-General for Economic Development in the United Nations Department of Economic and Social Affairs / DESA), Erinc Yeldan  (Professor, University of Bilkent, Ankara), Nuria Molina (Executive Director, EURODAD), Nancy Alexander (Heinrich Boell Foundation) – CHAIR

The IMF’s lending levels collapsed in 2006-2007 because of the apparent strength of the global economy – that is, relatively few countries were in distress.  In Asia and Latin America, in particular, financing was available within their respective regions (e.g., China and Venezuela).  In addition, some countries pre-paid their loans or sought alternatives to the IMF due to the stigma associated with borrowing from the institution.  While some governments perceived the IMF as supporting difficult, but necessary, policy reforms in challenging times, others perceived the IMF as infringing on their sovereignty; prioritizing stabilization at the expense of growth; and lacking legitimacy due to its unrepresentative governance structure.    In April, the London Summit of Heads of State called for IMF shareholders to nearly triple the institution’s resources.  At the same time, the IMF began to make reforms to its programs that are intended to provide greater policy flexibility to borrowing governments.  Plans are also underway to reform the institution’s governance structure.   

This panel addresses questions, such as:  What new reforms has the IMF undertaken?  What further governance and policy reforms are required in order for developing countries to fulfill their promise?  At the national level, is the IMF ensuring that governments have sufficient "policy space" to respond to citizens and their elected representatives? 

Participants List 

 

18:00 - 19:00
CSO Open Space

Reception for Launch of “World Bank - Civil Society Engagement: Review of Fiscal Years 2007 to 2009

Sponsors: Civil Society Team (WB)

Speakers: Marwan Muasher ( Senior Vice President External Affairs /WB), Filiz Bikmen (Head of Programs, Sabanci Foundation / Turkey)

The Civil Society Review represents a comprehensive accounting of Bank – civil society relations across the World Bank Group over the past three years. Included are details of global consultation processes, performance of CSO grantmaking mechanisms,and civil society outreach initiatives by region and constituency teams,  There are also extensive annexes describing CSO involvement in the Country Assistance Strategies (CASs) and Poverty Reduction Strategies (PRSs).  Complimentary copies of the report will be distributed at the reception.

 

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Monday, October 5

9:00 am - 12:30 pm
Lutfi Kirdar Building Halic Hall

Consultation on IFC's Performance Standards

Sponsor: International Finance Corporation

Speakers: Greg Radford (Director, Environment and Social Department/ IFC), Aaron Rosenberg  (Chief, Public Affairs / IFC)

This session will allow stakeholders and CSO's to provide input into IFC's Performance Standards and Disclosure Policy Review.  A short presentation on the overall process will kick off the session, but maximum time will be reserved for discussion.  The session will be divided into three parts - one hour devoted to environmental issues, one hour devoted to labor and social issues, and one hour devoted to community engagement and disclosure issues, with short coffee breaks in between topics.  For full background about the policy review, please go to www.ifc.org/policyreview

*  Interpretation in English, Turkish  and French will be offered

 

9:00 am - 10:30 am
CSO Room A

Impact of Women's Empowerment on Building Democracy and a Sustainable Economy

Sponsor: KAGIDER

Speakers: Kameron Kordestani (Partner, McKinsey Associates), Suzan Sabancı Dincer (Chairman, Akbank), Gulseren Onanc (CEO, Kagider), Kristen Clemet (Chair, Norfund)

This session will focus on the macro economic, social, and political impacts of women’s empowerment in Turkey and globally. Strengthening the economic and social position of women is critical to poverty alleviation, democratization, education, as well as sustainable development.  Socially, economically and politically empowered women represent a significant economic potential as well as a more democratic society based on equal access to rights and benefits.

The panelists, who are leaders in various MNC’s and leading financial institutions in Turkey, will share their own perspectives on the strategic relationship between development and women empowerment.  The speakers will analyze various approaches to empowering women and the specific positive impacts it can have in individual societies and the global economy.

Summary Notes
Participants List 

 

9:00 – 10:30
CSO Room B

Safety Nets and Economic Crisis: How Effective for the Poor?

Sponsor:  World Bank

Speakers: Bassam Ramadan (Sector Manager, Social Protection, WB), Michael Cichon (Director of Social Security Department, International Labour Organization), Baquer Namazi (Board Chair, Hamyaran Iran NGO Resource Center, Iran), Joy Phumaphi (Vice President for Human Development, WB) - CHAIR 

Safety net programs such as conditional cash transfer programs, labor intensive public works, food-for-work, school feeding, and other initiatives have been an important mechanism for poor people in both rich and poor countries to cope with the human impacts of the global financial crisis, keeping food on the table and kids in school.  However, many low-income countries lack adequate infrastructure to establish or scale up these programs when they are most needed. This session will assess the scope and effectiveness of various safety net programs, issues and challenges for their expansion, and prospects for greater collaboration among donors, governments and civil society.

Participants List 

 

11:00 - 12:30
CSO Room A

Change You Can Believe In? Critical Perspectives on Whether and How IMF Programmes Have Changed and Need To Change

Sponsors: ActionAid, Bretton Woods Project, CEPR, EURODAD, Halifax Initiative, Heinrich Boll Foundation, Oxfam International, Third World Network (TWN)

Speakers: Joseph Stiglitz (Professor, Columbia University and Chairman of the UN Commission on the Financial Crisis), Sedat Bayar (Professor, Kadir Has University / Turkey), Andrew Kumbatira (Malawi Economic Justice Network), Ndeye Fatou Toure (Member of Parliament, Senegal) (TBC), Nuria Molina (Policy Advisor, EURODAD) (TBC),  IMF Speaker (TBC), Bernice Romero (Advocacy Director, Oxfam International) - CHAIR

Since the last Annual Meetings, the IMF has undergone a remarkable revival, agreeing on loans and credits for 2009 worth $4 billion – four times their 2008 lending. Has the revival been accompanied by a transformation? The IMF says it has changed: it has eliminated some of its structural conditionality, and is narrowing the conditions in its new lending. New facilities like the Flexible Credit Line and the Exogenous Shocks Facility promise sharply reduced conditions. What difference have these changes made on the ground? Civil society representatives and government officials will examine what conditions remain on IMF lending, and what the prospects are for changes in the perceptions, and the realities, of IMF programs in both middle-income and low-income countries.

 

11:30 - 12:30
CSO Room B

Role of Donor Agencies in Budget Transparency and Accountability 

Sponsor: International Budget Partnership (IBP)

Speakers: Maurice Nsabimana (Senior Analyst, IBP), Ana Quirós Víquez (Director, Centro de Información y Servicios de Asesoría en Salud, Nicaragua)

IBP and CISAS will present the findings from recent research evaluating the role of donor agencies in promoting or hindering transparent budgeting, increasing participation, and strengthening institutions of accountability in Afghanistan, Georgia, Ghana, Kenya, Nicaragua, and the Philippines. Official representatives from recipient and donor countries as well as international institutions will respond to the findings. (TBC)

 

12:30  - 14:00
CSO Room B

Promoting Accountability at the World Bank Group: Experiences of the World Bank Inspection Panel and the IFC-MIGA Compliance Advisor / Ombudsman

Sponsors: Inspection Panel (IP), Compliance Advisor and Ombudsman (CAO), Bank Information Center (BIC)

Speakers: Meg Taylor (Vice President, Compliance Advisor Ombudsman, IFC-MIGA), Werner Kiene (Chairperson, World Bank Inspection Panel), Chad Dobson (Executive Director, Bank Information Center) - CHAIR 

The Inspection Panel was established in September 1993 by the World Bank Board of Directors as an independent accountability mechanism. The primary purpose of the Inspection Panel is to address the concerns of people who may be affected by Bank projects and to ensure that the Bank adheres to its operational policies and procedures during the project cycle. The Office of the Compliance Advisor/Ombudsman was established in 1999 and is the independent recourse mechanism for projects supported by the private sector lending arms of the World Bank Group through the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). The CAO works to address the concerns of individuals or communities affected by IFC/MIGA projects, enhance the social and environmental outcomes of IFC/MIGA projects, and foster greater public accountability of IFC and MIGA. The purpose of this session is to increase awareness about, and consider questions regarding, the World Bank Group’s (WBG) accountability mechanisms, namely the Inspection Panel and the CAO.

*   Light lunch will be served

Participants List 

 

13:30  - 15:30
CSO Room A

Global Economic Crisis and Emerging Markets: The Turkish Experience

Sponsors: Foreign Economic Relations Board (DEIK) , Union of Chambers of Commerce and Commodity Exchanges of Turkey (TOBB)

Speakers: Prof. Dr. Serdar Sayan (TOBB Economy & Technology University, Ankara), Dr. Murat Üçer (Koç University, Istanbul), Zeynep Bodur Okyay (DEIK Board Member), Rona Yırcali, (Chairman, DEIK) - CHAIR

The crisis of 2001 forced Turkey to follow a new economic and financial structural reform program through a standby agreement with the IMF, which focused on achieving sustainable growth, restoring macro-economic stability, increasing employment opportunities, and reforming the financial sector. As a result, between 2002 and 2007 Turkey experienced an average annual grow rate of 6 per cent and grew to be the 15th largest economy of the World.  However, Turkey has been heavily impacted by the global financial crisis of 2008 and 2009, and the economic slowdown in its main export markets has led to enormous decline in exports, and resulting drop in industrial production employment. The Turkish economy has contracted by 13.8% in the first quarter of 2009 (the highest contraction rate among the OECD countries).

This panel organized by DEIK and TOBB will discuss the ways and means Turkey should adopt to cope with this financial crisis. Speakers from academic and business communities will address the impact of the crisis on Turkish foreign trade, foreign direct investments (FDI), and the Turkish growth model. Speakers will also debate which instruments and mechanisms Turkey can adopt to manage the crisis in order to restore confidence and stabilize macro-economic indicators. 

Participants List 

 

14:00 - 15:30
CSO Room B

Improving Development Results through Evaluation

Sponsors: Bank Information Center (BIC), Independent Evaluation Group (IEG)

Speakers: Vinod Thomas (Director-General and Senior Vice-President, Independent Evaluation Group, WBG), Eckhard Deutscher (Development Assistance Committee Chair DAC / OECD), Ajay Chhibber (Assistant Administrator and Director Regional Bureau for Asia and the Pacific/ UNDP) (taped message), Korinna Horta (Bank Information Center) Eli Whitney Debevoise II (U.S. Executive Director the World Bank) - CHAIR

This Panel will highlight the work carried out by the World Bank Group’s Independent Evaluation Group (IEG). The World Bank Group’s credibility is greatly enhanced by having a strong and independent-minded evaluation unit at its service. Its function is to generate lessons and provide for accountability. Yet it seems that much greater institutional efforts are needed to translate the valuable findings of IEG’s painstaking evaluation reports into practical policy changes. The Panel will discuss some of  IEG’s outstanding work, as well as the need for broader institutional reforms at the WBG to ensure that the lessons generated by IEG are adequately taken into account.

Participants List 

 

16:00  - 17:30
CSO Room A

Climate Change, Finance and the Multilateral Development Banks

Sponsors: World Resources Institute (WRI), Bank Information Center (BIC), Heinrich Boell Foundation

Speakers:  Manish Bapna (Vice-President / WRI), David Wheeler (Center for Global Development ), Liane Schalatek (Heinrich Boell Foundation), Renato Redentor Constantino ( Executive Director, NGO Forum on ADB), Erin Carey (BIC), Ama Marston (Bretton Woods Project), Michele DeNevers, (Senior Manager of the World Bank's Environment Department, WB), Athena Ballesteros(WRI) - CHAIR

In 2008, the World Bank Group launched the Climate Investment Funds to scale up assistance to developing countries in order to address the challenges of climate change and strengthen the knowledge base in the development community.   The CIFs are governed by a sunset clause that mandates conclusion of its operations once a new UNFCCC financial architecture is effective. As the CIFs are operationalized over the coming year, the results of this program are likely to inform the post-2012 financial agreement. There are many lessons learnt from the development and design of these so-called ‘live experiments’. The panel will discuss the following questions: 

  • What roles might the World Bank Group and Regional Development Banks play in facilitating, and monitoring international climate-related financial flows in a post-2012 agreement?
  • What can the Bretton Woods institution do to help developing countries get the support and finance they need to address climate change as a development issue?
  • What governance reforms – including management structures and staff incentives – might give the Bretton Woods institutions greater legitimacy as honest brokers in global efforts to address climate change?
  • What lessons can be taken from the recent experience with the World Bank Group-administered Climate Investment Funds?

Participants List 

 

16:00 – 18:00
CSO Room B

Blind-sided by the Global Economic Crisis:  Should Experts Have Seen the Crisis Brewing?  Can they see the Solutions?

Sponsors:  Heinrich Boell Foundation and Funders Network on Trade & Globalization

Speakers: Roberto Bissio (Director, Third World Network and Latin America and Social Watch), Danny Leipziger (Vice Chair, Growth Commission), Ngaire Woods (Director, Global Economic Governance Programme, Oxford University) - TBC, Nancy Alexander (Heinrich Boell Foundation-North America) – CHAIR

Most “experts” – including the financial press and think tanks -- didn’t see the global financial crisis coming.  Why might this be the case?  Are crises anomalous by nature and, therefore, unpredictable?  Or, along with “regulatory capture,” is there “media capture”?  “Ideology capture”?    Are the few experts who predicted the crisis (for the “correct” reasons) outside of the mainstream?  Do we have what some have described as a “Ponzi Scheme of Economic Knowledge” due to the lack of diversity in research, expertise, and “reliable sources”?  The discussion highlights the fact that, unless the causes of the crisis are properly understood, appropriate solutions will be elusive.  

Participants List 

 

17:30 - 19:00
Lütfi Kirdar, Dolmabahçe A

 

Book Launch and Reception of  “Accountability at the World Bank: The Inspection Panel at 15 Years”

Sponsor:  Inspection Panel

The Inspection Panel will be hosting a reception to launch its publication entitled “Accountability at the World Bank: The Inspection Panel at 15 Years”. This publication, which also features the Panel’s 2008-2009 Annual Report, documents the evolution of the Panel since its establishment in 1993 and its major innovations over the years. Panel Chairperson Werner Kiene, Panel Member Roberto Lenton, and members of the Secretariat will welcome guests. The Keynote Address will be offered by Mr. Eckhard Deutscher, Chairman of the Development Assistance Committee (DAC) of the OECD and former Dean of the World Bank Board of Executive Directors. Copies of the publication will be available for distribution Book Launch Reception.

 

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Tuesday, October 6

9:00 – 10:30
CSO Room A

Youth and Human Development

Sponsor:  Ari Movement

Speakers:  Cüneyt Ülsever (Journalist Hurriyet), Serdar Değirmencioğlu (Associate Psychology Professor, Arel University), Ümit Kumcuoğlu (Kıraç Group), Aygen Aytaç (Youth Expert, UNDP/Ankara), Zeynep Dereli (Founder, Turkey’s Change Movement) Arda Batu ( ARI Movement Board Member) - CHAIR

The growth of the Turkish economy between 2002 and 2007 has not reflected positively on its human development record. Turkey continues to rank medium to low in literacy rate, standard of living, women’s rights/participation, and human development in general.  According to the 2007 census, 40% of the 15-24 age group population (approximately 5 million) is neither employed nor has access to education.  Unemployment rates are even high among educated youth. Women’s rights/participation is another area which needs serious attention in Turkey.

The number of unemployed and uneducated young women reaches millions. Yet, Turkey’s youth can also play a key role in spurring societal development and improving Turkey’s human development record.  Turkey needs to utilize the potential of its young population and explore ways in which the masses of young people can be transformed into social capital. This session brings together experts who have extensive experience in civil society and specifically with youth movements. Through this panel we hope to stimulate a discussion of the challenges facing youth and offer creative solutions to addressing them.

Participants List 

 

11:30 – 1:00
CSO Room B

Financing Forest Conservation to Combat Global Warming:  Keys to Success

Sponsors: Center for Global Development (CGD), World Resources Institute (WRI)

Speakers:  Ulla Toernaes (Minister for Development Cooperation, Denmark), Vinod Thomas (Director-General and Senior Vice-President, Independent Evaluation Group, WBG), Manish Bapna (Managing Director, World Resources Institute), Kenneth Chomitz (Senior Advisor, Independent Evaluation Group, World Bank Group), David Wheeler (Senior Fellow, Center for Global Development), Dan Hammer (Center for Global Development), Robin Kraft (Center for Global Development) - CHAIR.

Forest clearing in developing countries is an enormous contributor to global warming, accounting for about 20% of annual greenhouse gas emissions.  The Bali Action Plan seeks ways to reward countries for reducing these emissions – an agenda known as REDD (Reducing Emissions from Deforestation and Forest Degradation).  Effective implementation of REDD is an intense topic of discussion in the negotiations leading up to Copenhagen.  Many observers envision financial flows in the billions of dollars per year, and substantial pilot efforts are already being sponsored by UN-REDD, the World Bank’s Forest Carbon Partnership Facility (FCPF), and the Norwegian International Climate and Forest Initiative.

Sustained international support for such enormous payment flows will hinge on the operational credibility of REDD programs.  The panel will discuss and illustrate three keys to a successful international agreement on forest conservation:

  • Sustainable payment mechanisms and robust supporting institutions;
  •  Evidence-based evaluation of forest program impacts, illustrated by a global analysis of the impact of strictly protected areas, multiple use conservation areas, and indigenous areas on deforestation; and
  •  Transparent public monitoring of results; the rapidly-advancing potential for public oversight will be demonstrated using a new web-based system, FORMA (Forest Monitoring for Action).

 *   Light lunch will be served

Participants List 

 

11:00  - 12:30
CSO Room A

Transatlantic Partnerships, Civil Society, and Fragile States

Sponsor: German Marshall Fund

Speakers: Jim Kolbe (Co-chair of Transatlantic Taskforce on Development), Ivan Vejvoda (Executive Director, Balkan Trust for Democracy) Nilda Bullain (Executive Director, European Center for Not-for-Profit Law – TBC) Sarah Cliffe (Director of Strategy and Operations, East Asia and Pacific Region, WB), Haleh Bridi (Director, Partnerships and Advisory Services Operations, IFC) - CHAIR

Since the end of the Cold War, the wave of up-raisings and political change in Eastern Europe have reinforced the view that these countries will transition from oppressive regimes to open societies based on rule of law and political and civil rights. Transatlantic donors in partnership with these nations envisioned a "Europe whole and free", many of them joining NATO and the European Union. But has the golden age of civil society building faded? Some countries are backsliding toward populism and nationalism. Others maintain quasi-democratic or authoritarian systems. Now, civil societies in these countries are threatened on numerous fronts: the economic crisis, increasing state fragility, and declining funding for civil society organizations. What is the current state of transatlantic partnerships aimed at fostering economic growth and peace in these countries? What are some new approaches to empowering civil society, fostering entrepreneurs, and building local institutions, especially in the fragile and post-conflict countries?

Participants List 

 

13:00 – 14:00
CSO Room A

Lessons Learned from Two IFC-Financed Projects in the Former Soviet Union

Sponsor: Crude Accountability

Speakers: Igor Golubenkov (Saving Taman), Karen Song (Crude Accountability), Sergey Solyanik (Crude Accountability)

Please join this session for a screening of two short films exploring the impacts of the IFC's funding of two projects: the Russkiy Mir Oil Terminal in Russia and the Karachaganak Oil and Gas Condensate Field in Kazakhstan. Presented by Crude Accountability, these 3-5 minute films provide a unique opportunity to view on-the-ground footage from the communities affected by the projects. Crude Accountability and the filmmakers will be present to share their impressions and to engage in dialogue about the lessons learned from these projects and the implications for IFC financing of future projects.

 

13:00 - 16:00
Room ICC,
Üsküdar 2&3

Consultation Meeting on Bank Environment Strategy

Sponsors: World Bank Group

Speakers: Michelle de Nevers (Senior Manager, Environment Department / WB), Kirk Herbertson (Associate, Institutions and Governance Program
World Resources Institute), Filiz Demirayak (CEO, WWF Turkey) - CHAIR

The World Bank Group (WBG) is preparing a new Environment Strategy to be presented to the Board of Executive Directors by December 2010.  The new Strategy will propose an approach for achieving environmental sustainability at the WBG to ensure that its support for developing countries leads to sustainable development outcomes. The WBG has made progress as an advocate for the environment since 1990, but it has not yet reached the level of full environmental sustainability the institution aspires to.  This is why the current environment strategy is being updated with IFC and MIGA active participation.   We are undertaking inclusive and transparent consultations with all WBG stakeholder groups, including governments, the private sector, civil society and representatives of vulnerable communities.  During this first phase of the consultation process, which will last through February 15, 2010, we are engaging in a dialogue based on the Environment Strategy Concept Note, available at www.worldbank.org/environmentconsultations in all official WBG languages.

We hope that you can join us and look forward to receiving your input in person.  Feedback may also be provided directly through the website through September 30, 2009.

*  Interpretation in English, Turkish , French, Russian, and Arabic will be offered

Participants List

 

14:00 – 15:30
CSO Room B

A New Sovereign Debt Crisis? Creative Measures to Ensure Debt Sustainability and Safeguard Social Expenditures

Sponsors:  European Network on Debt and Development (EURODAD), Friedrich Ebert Stiftung Foundation (FES)

SpeakersHubert René Schillinger (FES), Gail Hurley (Policy Advisor, EURODAD),  Jürgen Kaiser (Political Coordinator, Erlassjahr.de), Carlos Braga (Director, Economic Policy and Debt Department, WB)

Developing country debt is back on the official agenda of the Bank and Fund Annual Meetings. Many analysts have warned that the global financial crisis may heighten many low-income countries’ vulnerabilities to sovereign debt difficulties in the near future. Already, some countries have sought additional emergency finance from the IMF and World Bank, and both institutions have benefited from an injection of new funds. Additionally, the debt sustainability framework (DSF) has been ‘flexibilised’ to allow some countries more scope to borrow more. But is stepped-up assistance from the IFIs – and a more flexible DSF – the right international response to the pressures many poor countries face due to the global recession? What alternative measures do civil society organisations propose to safeguard social expenditures and address fears over a new sovereign debt crisis?

Participants List 

 

14:00 – 15:30
CSO Room A

Strengthening Civil Society in Nigeria

Sponsor:  Special Advisory Office on Civil Society (Presidency of Nigeria),  World Association Of NGOs (WANGO -  Africa Regional Office), Civil Society Consultative Group (CCG) on World Bank / IMF (Nigeria), World Bank Group

SpeakersChineme Ume-Ezeoke (Special Advisor to the President),  Virginia Ifeadiro, Coordinator (CCG), Stella Odife (WANGO), Edith Grace Ssempala (Senior Advisor, WB)

The signing into law of the Public Procurement Act in 2007 by the Nigerian Government ushered in a new era of government effort to promote transparency and accountability in government programs in Nigeria.  The Federal Government through a World Bank funded project was able to build the capacity of non-state actors to track implementation of the national development strategy (NEEDS).
 
This session will focus on the experience of the Federal government in the assessment of NEEDS and for strengthening of civil society to monitor public procurement in Nigeria.  The panelists will discuss the role of civil society in Nigeria in acting as watch dogs to promote accountability and transparency in project implementation in public and donor-funded projects in Nigeria, as well as the advances and constraints in this process.

Participants List 

 

16:00 – 17:30
CSO Room B

The IFC Policy and Performance Standards:  A View From the Ground

Sponsors: Center for International Environment Law (CIEL), International Accountability Project, Urgewald, Pacific Environment, Greenpeace, Crude Accountability, Bank Information Center (BIC), and Za Spasenie Tamani.

Speakers: Anne Perrault (Policy Director, Center For International Environmental Law) - CHAIR

This session is a roundtable discussion led by civil society groups and communities to describe experiences on the ground with projects implemented under the IFC Policy and Performance Standards.

Participants List 

 

16:00 – 17:30
ICC, Emirgan 1

Reporting Back on  the Reviews of Bank’s Information Disclosure Policy

Sponsors:  Bank Information Center (BIC), World Bank Group (WBG)

Speakers: Jeffrey Gutman (Vice President for Operational Policies and Country Systems, WB), Amy Ekdawi (Middle East and North Africa Program Manager, BIC), Roberto Zagha (India Country Director, WB).

The World Bank believes that transparency and accountability are fundamentally important to the development process and central to achieving the Bank’s mission to alleviate poverty and improve development effectiveness.  For this reason, it has worked to improve and fine tune is information disclosure policies over the years.  The Bank issued its first Directive on Disclosure of Information in 1985 and has periodically reviewed the policy and expanded its scope in 2001, 2002, 2003 and 2005.  The current policy has just undergone another major review process in 2009. 

The new policy incorporates a paradigm shift in the Bank’s approach to disclosing information, from an approach that spells out what documents the Bank discloses (a “positive list”) to one under which the Bank would disclose any information in its possession that is not on a targeted list of exceptions.  This will make the Bank’s policy more consistent with a presumption in favor of disclosure, and more in line with recognized international best practice.

This session will highlight the policy review process and the role carried out by CSOs, discuss the main recommendations of the Approach Paper “Toward Greater Transparency: Proposed Revisions to the World Bank’s Disclosure Policy”, and focus on the implementation of this policy and its implications for other international organizations.

*  Interpretation in English, Turkish , French, Russian, and Arabic will be offered

 

16:00 – 18:00
CSO Room A 

Listening to the Voices of the Poor

Sponsors:  Self-Employed Women’s Association (SEWA), Hamyaran Iran NGO Resource Center

Speakers: Jyoti  Macwan (Chairperson of Self-Employed Women’s Association) SEWA; Ingrid Srinath (CIVICUS); Ibrahim Makram (CEOSS), John Ruthrauff (Policy Officer, Interaction), Baquer  Namazi (Hamyaran, Iran NGO Resource Center), Dr. Mohamed Safiullah Munsoor (Division Manager, Islamic Development Bank), Sam Bickersteth (Head of Oxfam GB's Programme Policy Team), John Garrison (Civil Society Specialist, WB) - CHAIR  

Poverty eradication is an issue around for which there is broad universal consensus, as exemplified in the first Millennium Development Goal. The poor, through the work of people-based movements such as Grameen Bank and SEWA, have shown capacity and will to resolve their plight when provided with the opportunity and resources.  However, governments and international donor agencies have generally not acknowledged and supported these home-grown approaches and solutions.  This panel will discuss these experiences and reflect on an initiative to draw on the convening powers of the World Bank Group to create strategic alliance of key development stakeholders (governments, donor agencies, think tanks, and companies) to promote a coalition for poverty elimination, and facilitate networking of peoples organizations. 

Participants List 

 

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Wednesday, October 7

9:00 – 10:30
CSO Room A

Communities Driving Resilience and Recovery

Sponsor:  Global CSO Network for Disaster Relief, Groots International, Hamyaran Iran NGO Resource Center

Speakers: Suranjana Gupta (GROOTS International and Huairou Commission), Sengul Akcar (Director of the Foundation for the Support of Women’s Work, Turkey),  Baquer Namazi (Hamarayan NGO Resource Center, Iran), Sam Bickersteth (Head of Oxfam GB's Programme Policy Team), Benjamin Osei (Head, Compensation and Working Conditions, Ghana Association of Teachers)

This panel will convene civil society organizations who will present partnership mechanisms that empower organized community based organizations, including grassroots women’s groups to advance collaborative programs that reduce the vulnerability of poor communities to natural disasters, climate change and conflict. They will cover strategies that address housing, basic services, infrastructure and governance in the context of recovery, reconstruction, disaster risk reduction; and analyze mechanisms that facilitate citizen-government engagement in disaster-prone communities.  Panelists will also make recommendations on how institutions such as the World Bank can promote grassroots-government partnerships that scale up effective solutions, increase accountability to the poor and reduce their vulnerability to both climate change and disaster.

Summary Notes 
Participants List 

 

11:00  - 12:30
CSO Room A

Good Governance, Investment Climate and the Challenge of Increasing Capital Flows to Africa

Sponsors: African Business Roundtable(ABR), NEPAD Business Group(NBG)

Speakers: Donald Kaberuka (President, African Development Bank), Bamanga Tukur  (President, African Business Roundtable and Chairman, NEPAD Business Group),  Abdulahi Janneh (Executive Secretary, United Nations Economic Commission for Africa (TBC), Farida Waziri (Chairman, Economic and Financial Crimes Commission) (TBC), Dotun Ajayi (General Manager, West Africa, African Business Roundatable)

With recent positive economic performance of countries such as France, Germany, Japan and encouraging signals from Europe and U.S.A, it is becoming increasingly clear that the world economy is on the road to recovery. Booming Capital and trade flows are bound to resume as competition for resources between countries and regions of the globe becomes intense. The investment climate of economies will play a key role in deciding the direction of capital flows. 

The key challenge then for most Countries of Africa in the coming months will be to put in place investment friendly policies that will attract and retain a share of global capital flows. Measures in this regard will include instituting good governance in corporate and macroeconomic management, rule of law, accountability, transparency and due process, changing the culture and perception of corruption and ensuring policy continuity.  These are huge challenges for Africa and how will they be overcome, what lessons have been learned and what is the road ahead for Africa in building a more friendly continental economic environment?

 

14:00 – 15:30
CSO Room B

Improving Development Outcomes in Agribusiness: Insights from the CAO's Work in Response to Palm Oil Complaints in Indonesia 

Sponsor:  Compliance Advisor Ombudsman (CAO) / IFC-MIGA

Speakers: Meg Taylor (CAO & Vice President), Amar Inamdar (Principal Specialist, CAO; and IFC Management), and Jyrki Koskelo (Vice President, Europe, Central Asia, Latin America nad the Caribbean and Gobal Financial Markets, IFC)

The CAO, the independent recourse mechanism for IFC projects, received a complaint in 2007 submitted by local, national, and international NGOs regarding IFC's investments in Wilmar Group, one of the world‘s largest processors and merchandisers of palm oil.  The complaint alleged deforestation, land appropriation, and food vulnerability impacting local communities in Indonesia.  From 2007-09, CAO's Ombudsman team worked with the community and company to address claims relating to land clearance and appropriation. Settlements involved over 1000 people and 3000+ hectares of land with a collaborative agreement between Wilmar and the communities to return part of the land, increase compensation, and provide development funds to support the wider community.  Unresolved issues related to IFC's due diligence were passed to CAO Compliance for audit.

The audit, released in July 2009, found IFC to be remiss in developing a strategy for the palm oil sector and that an undequate approach was taken in assessing supply chain risk. In its response, IFC acknowledged weaknesses in its due diligence processes for trade finance investments and the need for a strategy for the palm oil sector.  In September 2009, President Zoellick issued a moratorium on palm oil investments until this strategy is in place. This session provides participants an opportunity to discuss the process and outcomes of this complex complaint submitted to the Compliance Advisor/Ombudsman (CAO) that resulted in settlements of land disputes and a moratorium by IFC on future investments in palm oil pending a strategic review of agribusiness activities.

 

14:00 – 15:30
CSO Room A

Evolving Financial Market Regulation on the Face of Global Financial Crisis: Lessons from Turkish Experience

Sponsor: Researchers Alliance for Development (RAD)

Speakers:  Ahmet Faruk Aysan (RAD and Associate Professor of Economics, Boğaziçi University / Turkey), Tevfik Bilgin (Chairman of Banking Regulation and Supervision Agency) M. İbrahim Turhan (Deputy Governor),  Emine Nur Gunay (Associate Professor Department of International Trade, Boğaziçi University), Ziya Onis (Professor of International Relations, Koc University), Burak Saltoglu (Department of Economics, Boğaziçi University)

Turkey experienced devastating financial crises in 2000 and 2001. The Turkish financial sector has shown remarkable progress in the period following the 2001 crisis. There was at least one good side to this devastating crisis. It provided regulators with the suitable environment to initiate a structural reform process, which included regulations on many issues including foreign exchange exposure, connected lending practices, and capital adequacy standards. State banks were relieved of the burden of duty losses and some measures were taken to enhance their efficiency.

The convergence of the regulatory framework with the Basel-II international standards, and the proactive policies of the regulators are among the main reasons for the current soundness of the financial sector. Redefining the risk groups of certain balance sheets assets, and increasing the provisions for certain off-balance sheet items and credit card installments are some examples of the proactive measures taken by the regulators in order to control banks’ asset growth and risk taking before the global financial crisis has erupted in recent years. Having adopted such sorts of regulations, the Turkish financial market has been relatively less affected by the recent global crisis.

Recent Turkish experience with financial market regulation, prior and after the current crisis, provides an invaluable lesson for both developed and developing countries today. This session will analyze the lessons from the Turkish experience, and shed light on the prospect of financial market regulations within G20 initiatives.

Participants List

 

15:30 – 17:00
ICC, Emirgan 2

Overcoming Barriers: Human Mobility and Development

Sponsor:  United Nations Development Program (UNDP)

Speakers:  Olav Kjorven (Deputy Administrator, UNDP), Ceydet Yilmaz (State Minister of Turkey), Kemal Dervis (Vice President and Director of Brookings Institution), Gulseren Onanc, (President of KAGIDER)

This session will present and discuss the findings of the Global Human Development Report 2009.

Participants List 

 

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Last updated: 2010-01-20




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