International Fiscal Forum to be held on July 1-2

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International Fiscal Forum to be held on July 1-2

The Ministry of Strategy and Finance will host the OECD International Fiscal Forum at the COEX convention center on July 1-2, cosponsored by the OECD Secretariat and KIPF (Korea Institute of Public Finance). Budget officers from major OECD countries, representatives from international organizations, and experts from home and abroad will be participating in the forum titled “Countering the Crisis and Rebuilding for the Future”.

Key speakers and discussions are as follows:

- Korea’s Finance Minister, Yoon Jeung-hyun will give an opening address.

- Chairman of OECD SBO (Senior Budget Official), Gerhard Steger and other budget officers from major OECD countries will present the cases of fiscal policies in their countries.

- Representatives of international organizations, the OECD, IMF, WB, IDB (Inter-American Development Bank), and ECLAC (Economic Commission for Latin America & Carribean), will give suggestions on the role of government finance and how to keep healthy fiscal conditions.

- Thomas J. Byrne with Moody’s will talk about how policies to tackle the crisis affect the national credit rating.

- Scholars studying government finance, Allen Shick with Maryland University among others, tax researchers, and experts from KDI and major academic societies will participate in discussions to share their academic views and offer suggestions.

Here is the schedule of the forum:

Open forum on July 1

Time Event

9:30- 9:45 Register and enter

9:45-10:25 Opening address by Minister Yoon, Congratulatory address by Chairman Steger of OECD SBO and President Won of KIPF

Theme 1: Budgetary Responses to the Crisis

10:25-11:15 Session 1: Presentation and Discussion

-Fiscal Responses of the OECD Countries by Barry Anderson with the OECD

-Overcoming the Global Crisis through Fiscal Measures by Philip Gerson with the IMF

11:15-11:30 Coffee Break

11:30-12:20 Session 2: Presentation and Discussion

-The role of tax policy in the context of the crisis by Juan Pablo Jimenez with the ECLAC

-Fiscal policy and Sovereign ratings by Thomas Byme with Moody’s 12:20-13:50 Lunch Break

13:50-14:40 Session 3: Case presentation (Korea, Australia)

-The role of government finance in weathering the crisis 14:40-15:30 Session 4: Case presentation (Austria, Japan)

15:30-15:50 Coffee Break

Theme 2: Budgetary Issues Beyond the Crisis

15:50-16:40 Session 5: Presentation and Discussion

-Managing post-crisis debt by Carlos Braga with the WB

-Reforming public expenditure systems by Gustavo Antonio Garcia with the IDB

16:40-17:30 Session 6: Case presentation (Thailand) 18:30-20:00 Dinner hosted by Vice Finance Minister Lee

Closed door discussion on July 2

Time Event

09:30-10:30 Round Table Discussion 1

-Impact of the Economic Crisis on Budgeting by Allen Schick with Maryland University

-How to maintain fiscal health by Korean experts -Case presentation (Netherlands, Hungary) 10:30-10:45 Coffee Break

10:30-11:45 Round Table Discussion 2

-Case presentation (Spain, Finland) -Final Discussion

11:45-12:00 Closing 12:30-14:00 Luncheon