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THE GLOBAL ECONOMY IN THE AGE OF SUPPLY SHOCKS AND TRADE DISRUPTIONS: IMPLICATIONS FOR MONETARY POLICY

/High-level International Conference/

The Bank of Mongolia, in collaboration with the Reinventing Bretton Woods Committee and with strategic support from Rio Tinto Mongolia and the Billion Tree Fund, is hosting a high-level international conference, following last year’s successful conference on “Modern Central Banking: Challenges and Prospects.”

This year’s conference brings together leading policymakers, economists, and institutional leaders to examine how the global economy—disrupted by overlapping shocks such as the COVID-19 pandemic, climate change, geopolitical tensions, and a rising cost of living—is reshaping trade architecture and transforming monetary and fiscal policy. With a focus on vulnerable economies, the program will feature cross-regional dialogue and practical case studies to explore strategies for building resilience in an increasingly fragmented global economy.

Session 1 . THE RECONFIGURATION OF GLOBAL TRADE AND VALUE CHAINS: TRADE SHOCKS, TRADE DISRUPTIONS, AND TRADE DIVERSION

Speakers

TIGRAN Poghosyan

Moderator

TIGRAN Poghosyan

Resident Representative in Mongolia, IMF

ANDREI Rădulescu

Panelist

ANDREI Rădulescu

Senior Researcher, Institute for World Economy

JONG WOO Kang

Panelist

JONG WOO Kang

Director of the Regional Cooperation and Integration Division, ADB

PRACHI Mishra

Panelist

PRACHI Mishra

Professor, Department of Economics, Ashoka University

UUGANBAATAR Ninjbat

Panelist

UUGANBAATAR Ninjbat

Chairman of the Supervisory Board, Bank of Mongolia

ZHANG Liqing

Panelist

ZHANG Liqing

Professor of Economics, CUFE

Panel discussion:

Moderator : Mr. TIGRAN Poghosyan , Resident Representative in Mongolia, IMF

Panelist : Mr. ANDREI Rădulescu , Director of the Regional Cooperation and Integration Division, ADB

Panelist : Mr. JONG WOO Kang , Professor, Department of Economics, Ashoka University

Panelist : Ms. PRACHI Mishra , Chairman of the Supervisory Board, Bank of Mongolia

Panelist : Mr. UUGANBAATAR Ninjbat , Senior Researcher, Institute for World Economy

Panelist : Mr. ZHANG Liqing , Senior Researcher, Institute for World Economy

Session 2 . MONETARY POLICY IN THE AGE OF TARIFF AND SUPPLY SHOCKS

Speakers

TUVSHINTUGS Batdelger

Moderator

TUVSHINTUGS Batdelger

Professor of Economics, National University of Mongolia

BAYARDAVAA Bayarsaikhan

Panelist

BAYARDAVAA Bayarsaikhan

Chief Economist and Director General of the Monetary Policy Department, BOM

DONG CHUL Cho

Panelist

DONG CHUL Cho

President, Korea Development Institute

MIROSLAV Singer

Panelist

MIROSLAV Singer

Former Governor, Czech National Bank

SONER Baskaya

Panelist

SONER Baskaya

Professor of Economics, University of Glasgow

Panel discussion:

Moderator : Mr. TUVSHINTUGS Batdelger , Professor of Economics, National University of Mongolia

Panelist : Mr. BAYARDAVAA Bayarsaikhan , President, Korea Development Institute

Panelist : Mr. DONG CHUL Cho , Former Governor, Czech National Bank

Panelist : Mr. MIROSLAV Singer , Professor of Economics, University of Glasgow

Panelist : Mr. SONER Baskaya , Chief Economist and Director General of the Monetary Policy Department, BOM

Lunch session . FISCAL POLICY RESPONSES TO SUPPLY SHOCKS

Speakers

ERDEMBILEG Ochirkhuu

Moderator

ERDEMBILEG Ochirkhuu

Economic Policy Advisor, Office of the Speaker of Parliament

MITALI Das

Panelist

MITALI Das

Advisor, Fiscal Department, IMF

Panel discussion:

Moderator : Mr. ERDEMBILEG Ochirkhuu , Economic Policy Advisor, Office of the Speaker of Parliament

Panelist : Ms. MITALI Das , Advisor, Fiscal Department, IMF

Session 3 . MACRO IMPLICATIONS OF AI, DIGITALIZATION AND THE GREEN TRANSITION

Speakers

ALTANTSETSEG Batchuluun

Moderator

ALTANTSETSEG Batchuluun

Co-Founder, CEO of National Research and Consulting Center

ASYA Kostanyan

Panelist

ASYA Kostanyan

Chief Economist, The Better Policy Project

MATILDA Dimovska

Panelist

MATILDA Dimovska

Resident Representative in Mongolia, UNDP

RAEKWON Chung

Panelist

RAEKWON Chung

Board Member, Ban Ki-moon Foundation for a Better Future

SOPNENDU Mohanty

Panelist

SOPNENDU Mohanty

Group Chief Executive Officer, Global Finance & Technology Network

Panel discussion:

Moderator : Ms. ALTANTSETSEG Batchuluun , Co-Founder, CEO of National Research and Consulting Center

Panelist : Ms. ASYA Kostanyan , Resident Representative in Mongolia, UNDP

Panelist : Mr. MATILDA Dimovska , Board Member, Ban Ki-moon Foundation for a Better Future

Panelist : Mr. RAEKWON Chung , Group Chief Executive Officer, Global Finance & Technology Network

Panelist : Mr. SOPNENDU Mohanty , Group Chief Executive Officer, Global Finance & Technology Network

Session 4 . GLOBAL ECONOMIC AND FINANCIAL ORDER IN DISARRAY: SCENARIOS FOR THE FUTURE

Speakers

MARC Uzan

Moderator

MARC Uzan

Executive Director, Reinventing Bretton Woods Committee

MARIE Favereau

Panelist

MARIE Favereau

Director, French Institute for Central Asian Studies

MARTIN Eduard Debusman

Panelist

MARTIN Eduard Debusman

Public Sector Advisory Leader

PAWEŁ Kowalewski

Panelist

PAWEŁ Kowalewski

Senior Advisor, Narodowy Bank Polski

SAYURI Shirai

Panelist

SAYURI Shirai

Advisor for Sustainable Policies, ADBI

Panel discussion:

Moderator : Mr. MARC Uzan , Executive Director, Reinventing Bretton Woods Committee

Panelist : Ms. MARIE Favereau , Director, French Institute for Central Asian Studies

Panelist : Mr. MARTIN Eduard Debusman , Public Sector Advisory Leader

Panelist : Mr. PAWEŁ Kowalewski , Senior Advisor, Narodowy Bank Polski

Panelist : Ms. SAYURI Shirai , Advisor for Sustainable Policies, ADBI