The Centre for International Governance Innovation (CIGI) has been at the forefront of research and dialogue on the institution and role of the G20. CIGI held an invitation-only conference, International Governance Innovations: Issues for 2010 Summits (May 2010), that centered on: 1) the role of the new FSB in reducing risk and fostering stability in the international financial system; 2) the future working of the Framework for strong, sustainable and balanced growth which was launched at the September 2009 Pittsburgh summit; 3) the future G20 agenda (and by extension the role of G8, plus questions of process, outreach and legitimacy). Conference attendees also considered how a network of think-tanks could support the G20, and the best approach to achieve this.
This conference overview features Avinash Persaud, Gordon Smith, Amar Bhattacharya, The Right Honourable Paul Martin, Colin Bradford and Tom Bernes.
Prior to joining CIGI, Thomas A. Bernes was director of the IMF's Independent Evaluation Office. Before that he was executive secretary of the joint IMF-World Bank Development Committee and deputy corporate secretary of the World Bank. From 1996 to September 2001, Mr. Bernes was the IMF executive director for Canada, Ireland and the Caribbean. He has been assistant deputy minister of finance and G7 finance deputy in Canada and served as the senior international economic official representing Canada at high-level meetings. In addition to holding various senior finance, foreign affairs and trade policy positions within the Canadian government, Mr. Bernes served as head of the OECD's General Trade Policy Division in the mid-1980s. He is a graduate of the University of Manitoba.
Amar Bhattacharya (1952), an Indian national, is director for the G-24 since 2007. Before, he was senior advisor, Poverty Reduction and Economic Management Network at the World Bank. In this capacity, he was responsible for coordinating the Bankâ€™s work on international financial architecture.
Since joining the World Bank in 1979, he has had a long-standing involvement in East Asia, including as division chief for country operations in Indonesia, Papua New Guinea and the South Pacific, and chief officer for creditworthiness. He was team leader of a special World Bank study that examined the policy implications of private capital flows and financial integration for developing countries, and was part of the Bank's senior team focusing on the East Asia crisis.
Prior to joining the World Bank, he worked as an international economist with the First National Bank of Chicago.
Colin Bradford is a senior fellow at CIGI and a nonresident senior fellow at Brookings Institution. He is director of the Brookings-CIGI global governance reform project in the Global Economy and Development program at Brookings.
Between 1998 and 2004, Bradford was a research professor of economics and international relations and distinguished economic in residence at American University. A presidential appointee in the Clinton administration from 1994 to 1998, Bradford served as chief economist of the United States Agency for International Development (USAID) and was the senior official in charge of US relations with other donors. From 1990 to 1994, Bradford was head of research at the Development Centre of the Organisation for Economic Co-operation and Development (OECD) in Paris. Prior to that, he was the senior staff member in charge of the international economic outlook work of the World Bank's Strategic Planning Division.
Bradford was associate director of the Yale Center for International Studies from 1978 to 1988. He was also associate professor in the practice of international economics. He spent 10 years in Washington: he was the first associate fellow at the Overseas Development Council; senior economist at the Inter-American Committee for the Alliance for Progress; legislative assistant to U.S. Senator Lawton Chiles (D-Fla); and director of the Office of Multilateral Development Banks at the US Treasury Department in the Carter administration.
Bradford has authored numerous articles on international economic policy and development issues and is editor of 10 conference volumes on major international challenges. He recently published a paper, "World Energy Needs, Climate Change and Governance"; with Johannes Linn he edited "Global Governance Reform: Breaking the Stalemate" (Brookings Press 2007).
Avinash Persaud's career spans finance, academia and policy advice. He was a top ranked sell-side analyst for 15 years and later a senior executive at J. P. Morgan, State Street and UBS GAM, before establishing Intelligence Capital Limited in 2005. He won the Jacques de Larosiere Prize from the IIF in 2000 for his essay on how trends in risk management and regulation were leading to systemic risks.
He is an Emeritus Professor of Gresham College and Visiting Fellow at CFAP, Judge Institute, Cambridge. He was elected a Member of Council of the Royal Economics Society (2007), is a Governor and former Member of Council of the London School of Economics. Persaud is known for his work on liquidity black holes and investors' shifting risk appetite.
He is a Member of the UN Commission of Experts on International Financial Reform, Chairman of the Second Warwick Commission, Co-Chair of the OECD EmNet, Deputy Chair of the Overseas Development Institute and a former founding director of the Global Association of Risk Professionals (2002-2009). He was formerly a Visiting Scholar at the IMF (2001) and the European Central Bank (2006). He is co-author of the Geneva Report on the Fundamental Principles of Financial Regulation with Brunnermeier, Crockett, Goodhart and Shin (2009). He is a member of the UK Treasury's Audit and Risk Committee and a Member of the Barbados National Council of Economic Advisors.
Gordon Smith is a Distinguished Fellow at CIGI and the Executive Director of the Centre for Global Studies at the University of Victoria. His research is currently focused on the future evolution of the G20 and global summitry.
Throughout a long career in the public sector, Smith has also gained expertise on Canadian foreign and defence policy, specifically on the Afghanistan file. He was the recent recipient of the 2009 Vanier Award, granted by the Institute of Public Administration of Canada in recognition of "exceptional achievement to a person who has shown distinctive leadership in public administration and public service in Canada."
Smith's involvement in Government of Canada began in the 1960s with a focus on security issues and national defence. He quickly advanced to become the Deputy Minister of Foreign Affairs, Canadian Ambassador to the European Union, Ambassador to the Canadian Delegation to NATO and Secretary to Cabinet for Federal-Provincial Relations.
Upon retirement from Government, Smith has continued his public service, writing prolifically on diplomacy, international summitry and climate change policy. His leadership helped to form the "L-20" a a collaborative project between CIGI and the Centre for Global Studies that "paved the way for the recent meeting of heads of government in Washington and the London meeting that focused on solutions to the financial crisis."