Programme

COMBATING GLOBAL FINANCIAL INSTABILITY: INNOVATIVE FORMS OF STATE ECONOMIC STIMULUS

Securing the Future
Panel discussion
Pavilion 8, Hall 8.3


The BRICS economies have better weathered the storm of the economic crisis, in part due to select state-interventionist policies, including the increased role played by national development banks in projects to reinforce sustainable development. What models of state-directed investment – in particular with regards to the development of critical infrastructure – have proven most effective, and how might various BRICS economies pursue these strategies over the coming decades?


Moderator:
Basil Moftah , Managing Director Emerging Markets, Thomson Reuters

Panellists
Erik Berglof , Director of the Institute of Global Affairs, The London School of Economics and political Science (LSE)
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Vladimir Dmitriev , Vice President, Chamber of Commerce and Industry of the Russian Federation
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Helen Teplitskaia , President, American-Russian Chamber of Commerce and Industry; Managing Partner, Imnex International Inc.
João Carlos Ferraz , Vice-President, Brazilian Development Bank (BNDES)
Alexey Repik , President, Delovaya Rossiya (Business Russia)

Broadcast

Key moments

Sustainability is a key tool in the development of banks. We’re talking about sustainable development founded on implementing practices that allow the private sector to function independently.
Erik Berglöf
Unlike commercial banks, our debt policy and lending policy are based on long-term projects with relatively low interest rates. These projects come with higher risks, but are critically important for Russia.
Vladimir Dmitriev