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What Is the Main Future Engine Growth of Asia?

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What is the main future growth engine of Asia? Developments in Asean, China and India

Vientiane, Lao PDR

Sunday, 3 April 2016

Inaugural BOL-OMFIF Conference

MEETING BACKGROUND

Following the success of the inaugural KL Debate, held under the auspices of Bank Negara Malaysia during the annual Asean finance ministers meetings in 2015, Bank of the Lao PDR and OMFIF are pleased to jointly host the Inaugural BOL-OMFIF Conference in Vientiane in April 2016.

With India set to overtake China as the world’s fastest growing large economy in 2015, according to IMF estimates, the interplay between the two countries and Asean has never been so important. If Asean were a country, it would rank 7th in the world in GDP terms, ahead of Brazil, Russia and India. India and Asean share the commonalities of a young population and progress on structural reforms. China is the third largest trading partner of Asean and the rise of the renminbi plays an important role in inter-regional dialogue.

As Asia continues to grapple with the challenges of a global economic recovery, the quest for sustainable economic growth and greater regional integration in Asean, and connectivity with the rest of the world, remains a source of concern for investors and policy makers alike. Challenges surrounding development and in particular infrastructure investment abound.

With this in mind, Bank of the Lao PDR and OMFIF have assembled a panel of extremely well-qualified industry practitioners for this year’s Asean lecture, to address the question What is the main future growth engine of Asia?

PROVISIONAL PROGRAMME

OPENING ADDRESS

Vathana DALALOY, Deputy Governor, Bank of The Lao PDR

WHAT IS THE MAIN FUTURE GROWTH ENGINE OF ASIA?

Suggested Speakers:

India * D. Subbarao, former Governor, Reserve Bank of India

* P. Chidambaram, former Finance Minister, India

* Meghnad Desai,

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