Ottawa, Canada – October 11, 2013 – Are the world’s rising economic powers — Brazil, Russia, India, China and South Africa (BRICS) — meeting expectations for renewed economic growth? What positive or negative affect would a proposed BRICS development bank have on global outlooks for the world economy?

The Centre for International Governance Innovation (CIGI) invites media to cover its CIGI Global Policy Forum, “Meeting the Infrastructure Challenge: The Case for a New BRICS Development Bank,” taking place on Wednesday, October 16, 2013 at the Rideau Club in Ottawa, Canada.

Amar Bhattacharya will deliver a keynote address that assesses the BRICS’ role in the global economy and whether or not a BRICS development bank is needed. Bhattacharya is Director of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24).

The G-24 was established in 1971 as a representative body of Finance Ministers and Central Bank Governors of developing countries with the objective of helping to articulate and support the position of developing countries in the discussions of the International Monetary Forum (IMF), World Bank and other relevant fora. Bhattacharya is closely involved in the ongoing discussions on the impact of and responses to the global economic and financial crisis, including reform of the Bretton Woods institutions.

The CIGI Global Policy Forum is an invitation-only series of talks offering authoritative analysis on policy-relevant issues affecting Canada and its place in the world. A video recording of the event will be placed online in the near future. Media wishing to cover the forum as it occurs are asked to register in advance with CIGI Communications Specialist Declan Kelly, at 519-885-2444, ext. 7356 or [email protected].

ABOUT THE SPEAKER

Amar Bhattacharya is Director of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24). He is also a member of the Board of Directors of New Rules for Global Finance Coalition. Prior to taking up his current position, Mr. Bhattacharya had a long-standing career in the World Bank. His last position was as Senior Advisor and Head of the International Policy and Partnership Group in the Poverty Reduction and Economic Management Network of the World Bank. In this capacity, he was advisor to the President and Senior Management and focal point for the Bank’s engagement with key international groupings and institutions such as the G7/G8, G20, IMF, OECD and the Commonwealth Secretariat, including on the reform of the aid as well as international financial architecture. He has published widely in both fields. Mr. Bhattacharya is an Indian national who completed his undergraduate studies at the University of Delhi and at Brandeis University and his graduate study at Princeton University. Mr. Bhattacharya is a member of the Board of Directors of New Rules for Global Finance Coalition.

Invitation-Only Event:

CIGI Global Policy Forum: “Meeting the Infrastructure Challenge: The Case for a New BRICS Development Bank,” by Amar Bhattacharya, G-24 Director

Date:

Wednesday, October 16, 2013

Time:

5:30-7 p.m.

Location:

Rideau Club
99 Bank St. 15th Floor
Ottawa, Ontario Canada
K1P 6B9

MEDIA CONTACT:

Kevin Dias, Communications Specialist, CIGI
Tel: 519.885.2444, ext. 7356, Email: [email protected]  

The Centre for International Governance Innovation (CIGI) is an independent, non-partisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI’s interdisciplinary work includes collaboration with policy, business and academic communities around the world. CIGI was founded in 2001 by Jim Balsillie, then co-CEO of Research In Motion (BlackBerry), and collaborates with and gratefully acknowledges support from a number of strategic partners, in particular the Government of Canada and the Government of Ontario. For more information, please visit www.cigionline.org.

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The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.