April 27-30, 2009
Theme: “Financing Development amidst the Global Crisis: DFI Responses, Challenges and Opportunities”
Rationale: The financial meltdown that started in the U.S. has truly become global in its effect and impact. Here in the Asia-Pacific region, one can logically ask what the impact of this crisis would be on the region’s national economies and financial institutions. The educated consensus is that it would be relatively limited. The main reason is that Asian economies are much more robust than they were more than ten years ago, when during the Asian Financial Crisis, they took the bitter pill by dealing directly, if not painfully, with the issues to keep their financial systems well-functioning again by implementing crucial structural reforms.
In the past, Asia-Pacific DFIs have proven themselves to be effective tools for economic development. Now, more than ever, as the current global crisis deepens and widens its scope, DFIs are again bracing themselves to respond and play a much bigger role as countries lay out varying “stimulus packages” to perk up their economies. While these are trying and challenging times for DFIs once more, there is also a silver lining for them to explore and take advantage of the opportunities that will arise from this crisis.
It is in this context that the 32nd ADFIAP Annual Meetings 2009 is organized, adopting the theme, “Financing Development amidst the Global Crisis: DFI Responses, Challenges and Opportunities”. At this conference, ADFIAP members will have the opportunity to exchange their country experiences with others on the subject in order to enrich the discussion and broaden the options for the financing of development of the Asia-Pacific region.
Results of the Conference Discussions: The following matrix highlights the outcome of the discussions:
|1. Turkey||1. From your perspective, what were the three main impacts of the prevailing global crisis to your country?||
From: Mr. Oktay Kucukkiremitci
Director of Economics & Social Researches Department
Development Bank of Turkey
Click here to download Full Matrix Content