Session 1: Global & Regional Economic and Markets Outlook
Format: Panel Discussion with short presentation

The Covid-19 pandemic and the induced global lockdown has resulted in
severe socio-economic consequences and has led to a sharp economic contraction
and shocked the global financial system. The policy response of governments, central
banks and supervisory authorities has been unprecedented to limit economic contraction,
ease monetary conditions and deliver stimulative initiatives. This session will assess
global and regional growth prospects, the future for trade and investment,
implications for Asia after US elections and the outlook for interest rates and currencies
in Asia and the Pacific.

Panelists:
Mr. Jochen M. Schmittmann, Deputy Head, Office for Asia and the Pacific, IMF
Mr. Donghyun Park, Principal Economist, Macroeconomics Research Division,
Economic & Research and Regional Cooperation Department, ADB
Mr. Kim Eng Tan, Senior Director, Sovereign and International Public
Finance Ratings,& Asia-Pacific, S&P Global Ratings
Mr. Ben Powell, Chief APAC Strategist, BlackRock Investment Institute

Moderator: Mr. Pierre Van Peteghem, Treasurer, ADB

Session 2: Debt Management in the time of COVID-19 (Part 1)
Format: Short Presentations

Debt Management Offices (DMOs) face many new challenges due to
COVID-19, manifested in increased borrowing programs, rising fiscal risk
and greater operational risk. Volatility has spiked and uncertainty prevails
in the global financial markets with disruption to market access an important
concern. In addition, the operating environment under lockdown has posed
challenges to the punctual and efficient execution of funding and payment programs.
This session will draw on the experiences of experts from a selection of DMOs to
outline the challenges that they face in the current macroeconomic and market
environment, the impact that this is having on policies and operations and
the compensatory initiatives introduced to cope with the new normal.

Speakers:
Ms. Rosalia de Leon, National Treasurer, Bureau of Treasury, Philippines
Mr. Scenaider C.H. Siahaan, Director of Loans and Grants,
Directorate General of Budget Financing and Risk Management,
Ministry of Finance, Indonesia
Mr. Irakli Katcharava, Deputy Head of Public Debt Management
Department, Ministry of Finance, Georgia

Moderator: Mr. Jonathan Grosvenor, Head, Treasury Client Solutions Unit, ADB

Session 2: Debt Management in the time of COVID-19 (Part 2)

Speakers:
Mr. Paroche Hutachareon, Senior Expert on Bond Market Development, PDMO, Thailand
Mr. Jasur Karshibaev, Head, Debt Management Office, Ministry of Finance, Uzbekistan
Ms. Fatos Koc, Head of Public Debt Management, OECD

Moderator: Mr. Jonathan Grosvenor, Head, Treasury Client Solutions Unit, ADB

Session 3: Managing Large Portfolios under Current Pandemic Crisis
Format: Presentation

Reserve Managers face a challenging investment environment with ever
lower and in some cases, negative interest rates and volatile exchange rates.
Market performance has been polarized with a flight to quality and even to cash.
 How should reserve managers invest? Which currencies, markets and products
have performed best, and which have underperformed? What is the outlook for
gold and alternative asset classes? What has been the drawdown on liquidity and
long-term reserves as a consequence of the pandemic? Has the needle moved
between the importance of liquidity vs returns? In this session, reserve managers
and experts share their insights and experiences in managing investment portfolios.

Speakers:
Mr. Ronald D. Parluhutan, Head of USD Investment Management Division, Reserves
Management Department, Bank Indonesia
Mr. Istvan Attila Veres, Director, Directorate Money and Foreign Exchange,
National Bank of Hungary
Ms. Nana Chitishvili, Portfolio Manager, Currency Reserves Management
Division, Financial Markets Department, National Bank of Georgia
Mr. Shaokai Fan, Head of Central Bank Relationships, World Gold Council

Moderator: Mr. Tobias C. Hoschka, Assistant Treasurer, ADB

Session 4: Policy Response of Asian Central Banks to Mitigate Impact of COVID-19
Format: Conversation with short presentation

The Covid-19 pandemic and the induced global lockdown have resulted in
severe socio-economic consequences and has led to a sharp economic contraction
and shocked the global financial system. In an economic crisis, fiscal and monetary
measures must be swift, targeted and complementary. Central banks have been at
the forefront of an unprecedented response and deployed the full range of crisis tools
to ease financial stress and thereby support the real economy. But this crisis is not
over yet. How have debt managers and central bankers coordinated their response?
Have Sovereign Wealth Funds played a role during COVID-19? In this session, we have
experienced former central banker who will share his insights on the challenges being
faced and the priorities that lie ahead for central banks in navigating this serious
economic and financial environment.

Speakers:
Diwa Guinigundo, Former Deputy Governor, Monetary and Economics Sector,
Bangko Sentral ng Pilipinas, Philippines

Moderator: Mr. Deepak Taneja, Principal Treasury Specialist, ADB