South Pacific Central Banks Virtual Governors’ Forum

11 November 2020  |  9:00am-1:00pm

Central banks have once again found themselves doing the heavy lifting in responding to economic and financial crisis presented by COVID-19. Their unprecedented actions have been critical in minimising the economic and financial pain and suffering by stabilising financial markets, stimulating economies and providing confidence to investors. However, these necessary actions have consequences, raising challenges for global economies and financial systems alike.

The actions and challenges for central banks in the small islands of the Pacific are undoubtedly very different from their advanced economy peers—the constraints are equally remarkably different. On a positive note, stronger cooperation between the region’s central banks is likely to make the challenges a bit easier to manage. With that in mind, this virtual forum is the first to bring together South Pacific central bank Governors to share with key stakeholders—ADB, the World Bank, IMF, DFAT, MFAT, central banks of Australia and New Zealand—as well as regional governments, academics and others, research-based opportunities and challenges of COVID-19 for central banking in the region.

Prospective outcomes include stronger cooperation among the region’s central banks, facilitated by Griffith and ADB and collaborative research activities leading to policy outcomes.

Keynote speeches

Opening remarks by Professor Carolyn Evans, Vice Chancellor and President, Griffith University

Governors remarks by Mr Loi Martin Bakani, Governor and Chairman of the Board of Bank of Papua New Guinea

Moderator remarks by Ms Lotte Schou Zibell, Regional Director, Asian Development Bank, Sydney

Convenors

Parmendra Sharma

Program Convenor, South Pacific Centre for Central Banking, Griffith University

Jen-Je Su

Leader-Research, South Pacific Centre for Central Banking, Griffith University

Mary Kim

Senior Programs Officer, Asian Development Bank, Regional Office, Sydney

South Pacific Central Banks Virtual Governors’ Forum

Forum opening ceremony and regional capacity development MoU signing

Virtual Governors Forum

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