Securing the Future
Panel discussion
Pavilion 8, Hall 8.2, Innovation Hall

Acute global imbalances, sovereign debt concerns, and increasing income disparity continue to weigh on the global economy. What must be done to restore confidence in the global economy that will lead to broad-based prosperity?

James Harding , Editor-in-Chief, The Times

Oleg Vyugin , Member of the Board of Directors, Independent Director, Rosneft; Professor, National Research University Higher School of Economics
Her Excellency Sri Mulyani Indrawati , Managing Director, The World Bank
Alexey Kudrin , Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation
David Lipton , First Deputy Managing Director, International Monetary Fund
Lord Mandelson , Chairman, Global Counsel LLP
Mark Haefele , Global Head of Investment, Chief Investment Office of Wealth Management, UBS
Tharman Shanmugaratnam , Deputy Prime Minister, Minister for Finance and Minister for Manpower in Singapore
Hu Shuli , Editor-in-Chief, Caixin Media Company


Key moments

Emerging and developing countries should carefully manage their growth model, not through the accumulation of debt, but through productivity-driven growth, and that means investing less in hard infrastructures like electricity and more in soft infrastructures like human capital, institutions, and regulatory framework.
Her Excellency Sri Mulyani Indrawati
I welcome the movement towards a fiscal union for the Euro and towards preserving the Euro, possibly in a smaller number of countries which are more similar in their level of productivity and the development of their institutions.
Alexei Kudrin
We are talking about trillions of Euros required to roll over sovereign and banking debts. So you need private money — official money can’t do it — and you have got to bring back confidence [of private investors].
Tharman Shanmugaratnam
The heart of Europe’s problems, in my view—the Achilles' heel of Europe’s condition—is the state of our banking sector.
Lord Mandelson