Economics and Urban Development Departmentand Sustainable Development Network
cordially invite you to a panel discussion featuring a recent World Bank
publication
Financing Cities
Fiscal Responsibility and Urban Infrastructure
in Brazil, China, India, Poland and South Africa
Edited by George E. Peterson and Patricia Clarke Annez
Urbanization is not a side effect of economic growth; it is an integral part of
the process. While creating tremendous economic opportunities, urbanization
also makes demands for infrastructure investment that can unbalance government
budgets and stymie growth at the macro level. How can the goal of increasing
public investment in urban infrastructure be reconciled with the need for
prudent fiscal management?
Different countries have approached this challenge in different ways--from tight
central controls on local investment to decentralized fiscal choice. Their
experiences are recounted and assessed in this book--from the perspective both
of central government fiscal managers and local government officials who must
provide infrastructure services to their citizens. The chapters compare the
approaches taken by Brazil, China, India, Poland, and South Africa and examine
the fiscal implications of different infrastructure financing options. The book
offers a rare perspective on intergovernmental policy design and the politics of
policy implementation.
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Monday, May 7, 2007
2:30 - 4:00 pm
World Bank J Building - Lower Level Auditorium JB1-080
(701 18th St. NW corner of 18th St. and Pennsylvania Ave.)
A reception will follow the presentation
Authors
George E. Peterson
Senior Fellow, Urban Institute
George E. Peterson is Senior Fellow at the Urban Institute in Washington, D.C.,
working on international public finance and intergovernmental relations.
Previously he has been Director of Public Finance Center at the Urban Institute,
where he directed the institute's programme in intergovernmental finance in the
United States. He is also the recipient of the Donald C. Stone Award for
intergovernmental management and research from American Society for Public
Management. He recently published Decentralisation in Asia and Latin America: A
Political and Economic Comparison.
Patricia Clarke Annez
Urban Advisor, World Bank
Patricia Clarke Annez is the Urban Advisor in the Finance Economics and Urban
Department at the World Bank. She has worked in World Bank?s Operations and
Finance Departments as well as the Research and Policy section of the Bank, and
has operational experience in South Asia, Europe, the Middle East, and Latin
America. She was a member of the core team of the WDR 1992 on Development and
the Environment. As chief of the Urban Division, she managed the Bank?s
contributions to the Habitat II Conference in Istanbul in 1996. Ms. Annez is
now the head of the Municipal Finance Thematic Group. She has also worked as an
economic and financial advisor for ABB in Canada, and for US corporate clients
in New York.
Introduction
Katherine Sierra
Vice President & Head of Network, Sustainable Development Network, World Bank
Chair
Sonia Hammam
Sector Manager SASEI, World Bank
Speakers
Vijay Kelkar
Chairman, India Development Foundation and Non-executive Chairman,
IDFC-Asset Management Company
Dr. Vijay Kelkar is Chairman, India Development Foundation and Non-executive
Chairman of IDFC-Asset Management Company. Dr. Kelkar has held a number of high
level positions in the Government of India. Most recently, he was advisor to
the Minister of Finance of India, and Executive Director for India, Sri Lanka,
Bangladesh and Bhutan at the International Monetary Fund. Prior to that, Dr.
Kelkar was Finance Secretary; Chairman of the Tariff Commission; Secretary,
Ministry of Petroleum and Natural Gas and Chairman, Bureau of Industrial Costs
and Prices, all in the Government of India. He has also served as the Chairman
of the Task Force for Implementation of the Fiscal Responsibility and Budget
Management Act in the Ministry of Finance.
Rudolph G. Penner
Senior Fellow, Urban Institute
Rudolph G. Penner is a Senior Fellow at the Urban Institute, holding the Arjay
and Frances Miller chair in public policy. He was a Managing Director of the
Barents Group, was president of the American Tax Policy Institute in 2005 and
President of the National Economists Club. He received the Abramson Prize and
the prize for the best article published in 2002 in Public Budgeting and Finance
. He chaired a Commission on Metro Financing for the Washington Metropolitan
Area Council of Governments, and now chairs a Committee on the Future of the
Fuel Tax for the Transportation Research Board of the National Academy of
Sciences. He has authored numerous books, pamphlets, articles and columns for
various newspapers including the New York Times, Washington Post and Los Angeles
Times. His most recent book, co-authored with Isabel Sawhill and Timothy
Taylor, is Updating America's Social Contract.
Otaviano Canuto
Executive Director, World Bank
Mr. Otaviano Canuto dos Santos Filho, a Brazilian, is an Executive Director on
the Boards of the World Bank Group. Mr. Canuto came to the World Bank Group
from the Ministry of Finance, Brazil, where he served as the Director of
International Affairs. He joined the Ministry of Finance in 2003 following a
distinguished academic career, and is still a licensed Professor of Economics
at the University of Sao Paulo. Mr. Canuto is the author of numerous research
publications on a wide range of topics in economics and finance. Mr. Canuto was
also a columnist for two Brazilian newspapers: O Estado de Sao Paulo and Valor
Economico. Mr. Canuto has a Ph.D. in Economics from the State University of
Campinas (UNICAMP), Campinas, Brazil, a Master?s degree in Economics from
Concordia University, Montreal, Canada, and a Bachelor?s degree in Economics
from the Federal University of Sergipe, Aracaju-SE, Brazil.
Robert D. Ebel
Deputy Chief Financial Officer and Chief Economist,
District of Columbia Government
Robert D. Ebel is Deputy Chief Financial Officer and Chief Economist for the
Washington DC government. He is also a member of the Steering Committee of the
Local Government and Public Sector Service Initiative (Open Society
Institute/Budapest) and of the Panel of Experts of the Fiscal Affairs Division
of the International Monetary Fund. He was a Senior Fellow at the joint Urban
Institute/Brookings Institution Tax Policy Center and Lead Economist in the
World Bank Institute. He served as the World Bank?s technical representative to
the Sudan Peace Consultations, and for the African Union as a resource person at
the Inter-Sudanese Peace Consultations on Darfur. He has published widely and
been a regular columnist for two major US newspapers, the Honolulu Advertiser
and the St. Paul Pioneer Press/Dispatch. He is the recipient of the Steven D.
Gold Award and the World Bank Award for Excellence.
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