08h30 

09h00

Registration and welcome coffee

09h00

09h15

Introductory remarks

Pierre GRAMEGNA, Managing Director – European Stability Mechanism
 

09h15

09h40

Opening presentation:

"Geoeconomic Fragmentation and its implication for the International Monetary System"

Anna ILYINA, Assistant Director, SPR, International Monetary Fund 
 

09h40

11h00

Session 1: Measuring and detecting risks of global fragmentation 

Chair: Hoe Ee KHOR, Chief Economist – ASEAN+3 Macroeconomic Research Office

Papers to be presented:

• Rolando AVENDANO, Economist at the Economic Research and Development Impact Department of the Asian Development Bank

          "Measuring Globalization: Framework, Analysis, and Implications" 

• Eddy BEKKERS, Research Economist, World Trade Organization

         "The Impact of Geopolitical Conflicts on Trade, Growth, and Innovation"

Fireside chat: Angela CAPOLONGO, Economist, ESM and Sebastian FRANCO-BEDOYA, Economist in the Macroeconomics, Trade, and Investment Global Practice, LAC region, The World Bank 
    
Q&A Session 

11h00

11h20

Coffee Break

11h20

13h00

Session 2: Navigating through an increasingly fragmented world: regional viewpoints on trade and the risks of fragmentation

Chair: Pilar CASTRILLO, Head of Economic and Economic Analysis – European Stability Mechanism

Papers to be presented:

• Vikkram SINGH, Assistant Professor, Global Management Studies program, Ted Rogers School of Management (Toronto University) 

          "Do Geopolitical Risks Impact Trade Patterns in Latin America?"

• Hongyan ZHAO, Senior Economist at ASEAN+3 Macroeconomic Research Office at AMRO 

           “Trade Winds and Headwinds: Explaining the Resilience of ASEAN+3 Trade and FDI to Geoeconomic Fragmentation”

• José RAMÓN PEREA, Economic Analyst – Global Economy Unit, European Commission & Lucile COLLIN, Economic Analyst - Desk officer for G7, G20 and IMF, European Commission

          "Global Trade Fragmentation. An EU Perspective"
 

Fireside chat: Iader GIRALDO, Principal Economic Researcher – FLAR and Gergely HUDECZ, Principal Economist, ESM

Q&A Session

13h00

14h15

Networking Lunch

14h15

16h00

Session 3: Financial implications of fragmentation: capital flows, sovereign funding cost and debt challenges 

Chair: Carlos GIRALDO, Chief Economist – Latin American Reserve Fund

Papers to be presented:

• Nander de VETTE, Economist, Dutch Central Bank

          "Geo-economic fragmentation: economic and financial stability implications"

• Eduardo CAVALLO, Inter-American Development Bank 

          "Preventing Sudden Stops in Net Capital Flows"

• Yasin MIMIR, Senior Economist, European Stability Mechanism

         “Exploring the euro area exposure to the risk of financial fragmentation”

Fireside chat: Li Lian ONG, Senior Advisor to the Director, Macro-Financial Research Group and Mahmood PRADHAN, Global Head of Macro, Amundi Asset Management  

Q&A Session 
 

16h00

16h15   

Coffee break

16h15

17h25

Policy Experts Roundtable – ‘What lies ahead in a more fragmented world? Strategies, policies, and the role of global cooperation in mitigating risks’

Chair: Nicola GIAMMARIOLI, Secretary General and Management Board Member - European Stability Mechanism

Policy experts: 

• Maher HASAN, Chief Economist, Arab Monetary Fund
• Gerardo ZUÑIGA, Director of International Affairs, Central Bank of Mexico
• Anna ILYINA, Assistant Director, SPR, International Monetary Fund
• Maria DEMERTZIS, Deputy Director, Bruegel 
• Yogi RAHMAYANTI,Director of the Center of Regional and Bilateral Policy, Fiscal Policy Agency, Indonesia 

17h25

17h30 

Closing remarks

Nicola GIAMMARIOLI Secretary General and Management Board Member? European Stability Mechanism

17h30

Guided walk to the restaurant L’hetre beim musee and dinner