Program of Seminars World Bank Group - International Monetary Fund Annual Meetings Seminar Schedule Subject to Change

Welcome

Tung Chee-hwa is the first Chief Executive of the Hong Kong Special Administrative Region of China. Prior to assuming this position, Mr. Tung managed his family's group business, which was one of the world's largest container, dry bulk and tanker operators. Mr. Tung also held many civic roles, including Vice Chairman of the then Preparatory Committee of the Hong Kong Special Administrative Region, Member of the Executive Council of Hong Kong, and Member of the Consultative Committee of the Basic Law. Mr. Tung received a B.S. in Marine Engineering from the University of Liverpool.

James D. Wolfensohn

Infrastructure Development in Asia: Accelerating Private Participation

Montek S. Ahluwahlia is Finance Secretary of India. He has served under five different Prime Ministers in senior policy roles, including Secretary of Economic Affairs, Commerce Secretary, and Economic Advisor to the Prime Minister. In these positions he has been closely involved in the formulation and implementation of the country's economic reform program. Mr. Ahluwalia has written and spoken extensively on national and international economic issues, and has worked at the World Bank. He studied at St. Stephens College and Oxford University.

Karl-Hermann Baumann is a Member of the Executive Committee of the Managing Board and Chief Financial Officer of Siemens AG, in Germany, and is a strong proponent of Siemens' successful expansion in Asia Pacific. He served as Senior Vice President for Siemens Corporation, USA, as well as Vice President of Siemens AG, and spent his professional career in various international management positions in corporate finance and treasury. He holds a Ph.D. in Economics.

Victor Fung is Chairman of the Hong Kong Trade Development Council (HKTDC), the statutory body responsible for the promotion of Hong Kong's external trade. Dr. Fung has broadened the focus of the HKTDC's work to include the promotion of Hong Kong's financial and infrastructure development services, and has overseen the creation of the landmark Hong Kong Convention and Exhibition Centre Extension. He is also Chairman of Prudential Asia Investments, Ltd. and of the Li & Fung Group. Mr. Fung is a graduate of both the Massachusetts Institute of Technology and Harvard University.

Toyoo Gyohten is President of the Institute for International Monetary Affairs and concurrently serves as Senior Advisor of The Bank of Tokyo-Mitsubishi, Ltd. He served for many years in the Japanese Ministry of Finance until he retired as Vice Minister for International Affairs, and worked for the International Monetary Fund and the Asian Development Bank. He was a Visiting Professor at the Harvard University Business School and Princeton University and has co-authored the book Changing Fortunes.

Suk Joon Kim is Chairman, CEO and a major shareholder of SsangYong Business Group of Korea. Under his leadership, the SsangYong Group has become a major business conglomerate and significantly expanded its international activities, particularly in infrastructure projects.

Rahardi Ramelan is Vice-Chairman of the National Development Planning Agency (BAPPENAS) of Indonesia. BAPPENAS has lead responsibility for formulating and overseeing Indonesia's development program, including its initiatives to enhance private participation in infrastructure. Mr. Ramelan has been a key policymaker during Indonesia's unprecedented economic growth of the past 20 years and during its recent success in promoting private infrastructure projects.

Gordon Wu Ying Sheung is Founder, Chairman and Managing Director of Hopewell Holdings, one of the largest property development and infrastructure groups in Asia. Hopewell Holdings is involved in the development of transport and power generation infrastructure projects throughout East and South Asia. It is also one of the largest investors in China, with mainland projects worth US$5 billion. Mr. Wu is a member of the APEC Business Advisory Council and the IFC Business Advisory Council.

Building Blocks for Competitiveness

Michael J. Enright recently joined the faculty of the University of Hong Kong as Visiting Professor. He was formerly Assistant Professor at the Harvard Business School. He received his Ph.D. in business economics from Harvard University, and has worked extensively with companies, governments, and other organizations on issues of business strategy, international competitiveness, regional clustering, and economic development. He has co-authored or co-edited five books.

R. Shyam Khemani is the Manager of the Competition and Strategy Group in the Private Sector Development Department of The World Bank. He has held several senior positions in the Canadian Bureau of Competition, and later served as an advisor to the Organization for Economic Co-operation and Development and several governments around the world. He holds a Ph.D. from the London School of Economics, and has taught courses on competitive strategy and government-business relations at various Canadian universities.

Mahboob Mahmood is the Managing Partner of Sidley & Austin's Singapore office, an international law firm with over 750 lawyers. He specializes in privatizations, acquisitions, divestitures, and project financing, and has worked extensively with the World Bank's privatization advisory team in various countries. He has a J.D. from Columbia University and an M.A. from The John Hopkins University.

David J. Rothkopf is Managing Director of Kissinger Associates, Inc. He is also an Associate at the Carnegie Endowment for International Peace, an Adjunct Professor at both Columbia and Georgetown universities, and a consultant editor for Foreign Policy. He previously served as both Acting and Deputy Under Secretary of Commerce, and also held a variety of senior positions in the private sector. He attended Columbia University, and has written extensively on a broad array of international trade, economic, and political issues.

Joseph Saba is Country Director for the West Bank/Gaza at the World Bank. Before joining the World Bank, he practiced international law, specializing in complex project and transactions financing, and worked frequently in Central Europe on major privatization transactions. He has a J.D. from the Yale Law School and an M.A. from Harvard University.

Hernando de Soto is President of the Instituto Libertad y Democracia in Lima, Peru, one of the top three think tanks in the world, according to The Economist. He was President Fujimori's Personal Representative and Principal Advisor, responsible for initiating the policies that modernized Peru's economy, and has also served, among other positions, as an economist for the GATT and as governor of Peru's Central Reserve Bank. He is the author of the best-selling book, The Other Path.

Kihak Sung is the Chairman and CEO of the Youngone Corporation in Korea. Mr. Sung is a Korean invested entrepreneur in Bangladesh with a global export business in high quality garments and other products.

Corporate Citizenship – and Profitablity – in Asia

Page Chapman has been with Bankers Trust for more than 36 years in a variety of senior management positions. He has guided the firm's corporate social responsibility activities in its evolution from a traditional domestic commercial bank to a global financial services firm located in more than 50 countries, achieving a focused community develop-ment strategy that includes grants, loans, and investments to help distressed communities in Asia, Latin America, Central Europe, South Africa, and the United States.

Rudolph A. Schlais Jr. is President of GM China Operations and Vice President of General Motors Corporation. Since the beginning of his presidency in 1994, GM's participation in ventures in China increased from US$12 million to a commitment of approximately US$2 billion by early 1998. Previously, he was General Manager of Packard Electric.

Ratan N. Tata, Chairman of Tata Sons Ltd., heads India's largest industrial group, the Tata Group. He is Chairman of several Tata Charitable Trusts, which constitute the largest private, secular philanthropic undertaking in India, and is also a member of several international boards of corporations, foundations, and universities.

Maria Aurora Francisco-Tolentino is Executive Director of the Philippines Business for Social Progress, the country's largest grant-making and project-implementing foundation supported by contributions of some 187 member corporations. She supervises an annual grants program of P150 million (US$5.5 million) a year and manages the foundation's assets, which stand at P358 million (US$14 million). Until last year, she represented the private sector in President F.V. Ramos's Legislative-Executive Development Advisory Council; she has also acted as the Philippine representative to various international meetings, and has served as a consultant to various international agencies.

Peter Woo is Honorary Chairman of the Wheelock and Wharf groups, with diversified businesses ranging from proper-ty, TV, telecommunications, hotel, retailing, and container terminal to public transport. He is Chairman of the Hong Kong Hospital Authority, Chairman of the Hong Kong Environment and Conservation Fund Committee, and Deputy Chairman of the Prince of Wales Business Leaders Forum. He pledged HK$50 million to set up the Woo Wheelock Green Fund, which thus far has sponsored 13 environmental projects.

Corporate Citizenship for Youth Development

David Bell is Chairman of The Financial Times and the Executive Director of Pearson plc, the British media conglomerate with global interests in information, education, entertainment, and investment banking. He is responsible for all of Pearson's information companies, which include The Financial Times.

Maria Livanos Cattaui is Secretary General of the International Chamber of Commerce, and was formerly Managing Director of the World Economic Forum in Geneva. She has written extensively on economics, including several books, magazine articles, and television scripts.

Arnold Langbo is Chairman and CEO of the Kellogg Company where he has held leadership positions for over 20 years. He is a member of the Board of Directors of Johnson & Johnson and the Whirlpool Corporation, and is on the Advisory Board of the J.L. Kellogg Graduate School of Management at Northwestern University.

Rick R. Little is President and CEO of the International Youth Foundation as well as of America's Promise-the Alliance for Youth. He is also Chairman of Quest International and was its President for 15 years. He served as Chairman of the National Coalition for the Prevention of Drug and Alcohol Abuse (U.S.), was named 1992-93 Fellow of the Institute for Children, Youth and Families by Michigan State University, and in 1996 was chosen as a Global Leader for Tomorrow by the World Economic Forum.

Jaime Augusto Zobel de Ayala II is President and CEO of the Ayala Corporation, the largest holding company in the Philippines. He serves as Chairman of several Ayala-affiliated companies, as well as President of the Ayala Foundation. In addition, he is Chairman of the Board of the Children and Youth Foundation of the Philippines, an International Youth Foundation partner.

Capital Account Liberalization

Jack Boorman is the Director of the Policy Development and Review Department at the International Monetary Fund.

François Gianviti is the General Counsel of the International Monetary Fund. He is a member of the Committee on International Monetary Law of the International Law Association and has published a book on property and articles on aspects of French and international law. A former Dean of the School of Law of Paris XII, Mr. Gianviti studied at the University of Paris, Sorbonne, the Paris School of Law, and New York University.

Manuel Guitian is Director of the Monetary and Exchange Affairs Department at the International Monetary Fund.

Morris Goldstein is the Dennis Weatherstone Senior Fellow in International Finance at the Institute for International Economics in Washington, D.C. Previously he served as a staff member of the International Monetary Fund and was Deputy Director of the Research Department. He has published widely in the field of international economics, particularly on capital flows.

Flemming Larsen is Deputy Director of the Research Department at the International Monetary Fund, where he has directed and undertaken work in various areas including capital flows, labor markets, and forecasting. He also served as Chief of the International Monetary and Financial Affairs Division of the European Commission and worked for the Organization of Economic Co-operation and Development.

Asian Entrepreneurs View the Global Market

Maria Livanos Cattaui is Secretary General of the International Chamber of Commerce, and was formerly Managing Director of the World Economic Forum in Geneva. She has written extensively on economics, including several books, magazine articles, and television scripts.

Ronnie C. Chan is Chairman of the Hang Lung Development Group of Hong Kong. The Group comprises three pub-licly traded companies in the property and hotel development business with a market capitalization of about US$6 bil-lion. He is also the co-founder and manager of Morningside/Springfield Group, which invests in private industrial com-panies internationally. In addition to serving on the boards of numerous companies, foundations, and institutions, he is Chairman of the Asia Society's Hong Kong Center and of the Hong Kong-United States Economic Cooperation Committee.

Y.Y. Wong is the founder and Chairman of the Wywy Group of Singapore, a highly diversified group of privately held companies that is one of the largest non-real estate conglomerates in the region. Under his leadership, the Group has had a 40% annual rate of growth over the last 20 years, and has received recognition for its marketing and service innovations. Mr. Wong is a Board Member of the SEI Wharton School of the University of Pennsylvania, is on the Board of Advisors of the Singapore Institute of International Affairs, and is an AMP alumnus of the Harvard Business School.

A Clean Energy Future for Asia: Can Investors Meet the Challenge?

Rodney Chase is CEO of British Petroleum Exploration, where he has spent his entire 32 year-career. As CEO of BP Finance and Group Treasurer, he played a key role in the firm's acquisition of the Standard Oil Company and Britoil, as well as in the divestiture of BP's mining interests. He is a member of the U.K. Advisory Committee on Business and the Environment and the U.K. Roundtable on Sustainable Development, and is also a Fellow of the Association of Corporate Treasures.

R.K. Pachauri has been the Director for 15 years of the Tata Energy Research Institute, which addresses global energy, environment, forestry, and biodiversity issues as well as the conservation of natural resources. He has been the President of the International Association for Energy Economics, and a member of the Advisory Board on Energy of the Government of India and of the Economic Advisory Council chaired by the Prime Minister of India. He is also a part time Advisor to the Administrator of the United Nations Development Programme. He is the author of 20 books.

Andrew Steer is the Director of the Vietnam Country Department of the East Asia and Pacific Region at the World Bank. Since joining the Bank, he has worked on economic and development policy issues in Bangladesh, Indonesia, Nigeria, and Thailand and has served as Director of the Environment Department. Before joining the Bank, he taught at the University of Cambridge.

Richard Stern is deputy Vice President, Human Resources, at the World Bank. Earlier positions at the Bank have included Director, Industry and Energy Department, Manager of Global Telecommunications Programs, as well as country-oriented assignments in China, Indonesia, and Eastern Africa. Formerly, he worked for the United Nations Development Programme in Ethiopia and the Institute for Development Studies in the United Kingdom.

Yoshihiko Sumi is the Director of the International Affairs Division, Agency of Natural Resources and Energy of Japan's Ministry of International Trade and Industry. He represents Japan in the Governing Board meetings of the International Energy Agency and other international organizations. He is one of the MITI's senior policy coordinators in charge of the U.N. Framework Convention on Climate Change COP-3 Meeting, which Japan will host in Kyoto in December 1997. He has a Master in Public Affairs from Princeton University and is a graduate of the University of Tokyo.

Meg Taylor is a Legal and Policy Consultant with Gadens Ridgeway Lawyers in Port Moresby, Papua New Guinea. She is a consultant on landowner issues in the hydrocarbon sector in Papua New Guinea and a member of the International Advisory Group on the Nam Theun 2 hydropower project in Lao PDR. She also served as Papua New Guinea's Ambassador to the United States and Mexico.

India: Expanding Investment Opportunities

Palaniappan Chidambaram is India's Finance Minister. His political career started in 1967 when he joined the Congress Party. He was elected twice to the Lok Sabha and held various cabinet positions. He is an ardent champion of economic reforms and liberalization, and is the leading reformer in the United Front's 14 party coalition government.

Richard B. Fisher is Chairman of the Executive Committee of Morgan Stanley, Dean Witter, Discover & Co. and Chairman of Morgan Stanley & Co., Inc. He serves as Chairman of the Board of the Urban Institute, the Brooklyn Academy of Music Endowment Trust, and the Princeton University Investment Company. He graduated from the Harvard Graduate School of Business Administration as a Baker Scholar.

Richard Hu Tsu has been Singapore's Minister for Finance and Chairman of the Monetary Authority of Singapore and the Board of Commissioners of Currency since 1985. He has also served as Minister for Health, National Development, and Trade and Industry. He received his Ph.D. in chemical engineering from the University of Birmingham and started his working life as an academic, teaching chemical engineering in the University of Manchester. Later he became Chairman and Chief Executive of the Shell Group of companies in Singapore.

Ratan N. Tata, Chairman of Tata Sons Ltd., heads India's largest industrial group, the Tata Group. He is Chairman of several Tata Charitable Trusts, which constitute the largest private, secular philanthropic undertaking in India, and is also a member of several international boards of corporations, foundations, and universities.

Kenji Yoshizawa is Deputy President of The Bank of Tokyo-Mitsubishi, Ltd., responsible for overseas banking. He joined The Bank of Tokyo, Ltd., in 1956 and served in various senior management positions. He was also Chairman and CEO of The Bank of Tokyo Trust Company, New York, and is a Director of the UnionBancal Corporation, holding company of Union Bank of California. He graduated from the Edmund A. Walsh School of Foreign Service at Georgetown University.

New Thinking on Aid Effectiveness

David Dollar is the Research Manager for macroeconomics and growth at the World Bank and co-leader of the Bank's research project on aid effectiveness. During 1989 to 1995 he was the country economist for Vietnam, and played a leading role in developing the assistance strategy for that country. He holds a Ph.D. in economics from New York University.

Caroline Harper is Head of Research for Save the Children Fund (U.K.). Her practical experience and her research focus on working with disadvantaged groups, particularly in East and Southeast Asia. She has worked as a consultant and advisor to the UNDP, the British ODA, the World Bank, and other agencies. She received a Ph.D. in anthropology from the School of Oriental and African Studies at the University of London.

Emmanuel Tumusiime-Mutebile is Secretary to the Treasury, Ministry of Finance, Uganda. He previously served in the President's Office, the Ministry of Planning and Economic Development, and the Prime Minister's Office in Uganda. He attended Oxford University and has taught economics at the University of Dar-es Salaam.

Masaki Shiratori worked for 32 years for the Ministry of Finance of Japan, including a term as Executive Director for Japan in the World Bank Group. After retiring, he joined the Overseas Economic Cooperation Fund of Japan as Vice President and Member of the Board. He is currently Senior Advisor for the American Family Life Assurance Company (Japan). He is a graduate of the Law School of Tokyo University.

Keynote: Asia as Opportunity

The Honorable Dato' Seri Dr. Mahathir Bin Mohamad became the fourth Prime Minister of Malaysia in 1981. Dr. Mahathir has held several positions in his country's government, including Deputy Prime Minister, Minister of Education, and Minister of Trade and Industry, in which capacity he led several investment promotion missions overseas. He has had a particular interest in his country's educational system, serving as Chairman of the first Higher Education Council and Chairman of the National University Council. Dr. Mahathir attended schools in his hometown of Alor Setar, and received a degree from the King Edward VII College of Medicine in Singapore.

James D. Wolfensohn