Rising Global Middle Class

Is Rising Developing Nation Debt a Blessing or a Curse?

Date: Thursday, April 18, 2024
Location: Green Rooms at Mellon
Doors Open & Networking: 8:00 a.m.
Programming: 9:00 a.m. – 12:05 p.m.

The debt burden of many developing countries has skyrocketed as borrowing costs have soared. But that could pay off if it results in economic growth and more opportunities for citizens. What are the actions that governments and the private sector can take that make the difference between a success story and a cautionary tale?

Speakers

Xavier Becerra

U.S. Secretary of Health and Human Services

Akinwumi Adesina

President, African Development Bank Group

Andrew Steer

President & CEO, Bezos Earth Fund

Gargee Ghosh

President, Global Policy & Advocacy, Gates Foundation

Samalia Zubairu

CEO, African Finance Corporation

Arikana Chihombori-Quao

Former Permanent Representative of the African Union to the United States

Luis Alberto Moreno

Former President, Inter-American Development Bank; former Colombian Ambassador to the U.S. 

Scott Nathan

CEO, U.S. International Development Finance Corporation

Dr. Henry Wang

Founder and President, Center for China and Globalization, Former Counselor to China State Council

Ani Dasgupta

President & CEO at World Resources Institute

Zainab Usman

Founding Director, Africa Program at Carnegie Endowment for International Peace

Brent Neiman

Assistant Secretary for International Finance, U.S. Treasury

Ndidi Okonkwo Nwuneli

President and CEO, The One Campaign

Dr. Rajiv J. Shah

President, Rockefeller Foundation

Hannah Ryder

CEO, Development Reimagined

Alexis Crow

Lead, Geopolitical Investing, PwC

W. Gyude Moore

Senior Policy Fellow, Center for Global Development

Olugbenga Agboola

CEO, Flutterwave

Bin Chen

CEO, Stori Card

Hosts

Steven Clemons

Founding Editor-at-Large, Semafor

Gina Chua

Executive Editor, Semafor

Yinka Adegoke

Africa Editor, Semafor

Tim McDonnell

Climate & Energy Editor, Semafor

Jordan Weissmann

Washington Editor, Semafor

Kadia Goba

Politics Reporter, Semafor

Agenda

Opening Remarks
Featuring: Bennett Richardson, General Manager, Global Head of Public Affairs, Semafor

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Fireside Chat: A reset of the US strategy in Africa
How the U.S. can regain trust on the continent


Featuring: Arikana Chihombori-Quao, Former Permanent Representative of the African Union to the United States 
In conversation with: Steve Clemons, Founding Editor-at-Large, Semafor

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Fireside Chat: China’s Appeal to Developing Countries
With more choices for funding and lessons learned, where does the world’s second-largest economy stand?


Featuring: Dr. Henry Wang, Founder and President, Center for China and Globalization, Former Counselor to China State Council
In conversation with: Gina Chua, Executive Editor, Semafor

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Panel: Navigating a Multipolar Funding World
How should developing countries reevaluate their approaches and ambitions in a changed geopolitical environment? 


Featuring: Luis Alberto Moreno, former President, Inter-American Bank; W. Gyude Moore, Senior Fellow, Center for Global Development; Alexis Crow, Lead, Geopolitical Investing, PwC 
In conversation with: Gina Chua, Executive Editor, Semafor

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Fireside Chat: Building a Global Healthcare System 
How the U.S. is leading the charge for global pandemic readiness

 

Featuring: Xavier Becerra, U.S. Health and Human Services Secretary
In conversation with: Kadia Goba, Politics Reporter, Semafor

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Fireside Chat: U.S. Vision for Global Debt and Development Finance
Lessons learned and the road ahead for international debt.


Featuring: Brent Neiman, Assistant Secretary for International Finance, U.S. Treasury
In conversation with: Jordan Weissmann, Washington Editor, Semafor

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Panel: Laying Digital Pipes For Financial Inclusion
Perspectives on the essential role of fintech players in emerging markets


Featuring: Olugbenga Agboola, CEO, Flutterwave; Bin Chen, CEO, Stori Card
In conversation with: Yinka Adegoke, Africa Editor, Semafor 

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Fireside Chat: Untapped Potential: Financing The Green Energy Transition

Reforming our global financial system to aid energy-poor countries.


Featuring: Dr. Rajiv J. Shah, President, Rockefeller Foundation 
In conversation with: Tim McDonnell, Climate and Energy Editor, Semafor

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Panel: A Seat at the Table
Bringing developing countries into the clean energy supply chain


Featuring: Ani Dasgupta, CEO, World Resources Institute; Zainab Usman, Director, Africa Program, Carnegie Endowment for International Peace
In conversation with: Tim McDonnell, Climate and Energy Editor, Semafor

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Fireside: Lobito Corridor
A creative approach to development finance


Featuring: Scott Nathan, CEO, U.S. International Development Finance Corporation and Samaila Zubairu, CEO, African Finance Corporation
In conversation with: Yinka Adegoke, Africa Editor, Semafor 

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Fireside: Solving the Climate Jigsaw Puzzle 
Changing economic rules to protect the planet


Featuring: Andrew Steer, CEO, Bezos Earth Fund
In conversation with: Tim McDonnell, Climate and Energy Editor, Semafor

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Panel: Reforming our International Financing Structures
Restructuring the Bretton Woods institutions to better serve the world's fastest growing populations

 
Featuring: Hannah Ryder, CEO, Development Reimagined; Gargee Ghosh, President, Global Policy & Advocacy, Gates Foundation; Ndidi Okonkwo Nwuneli, President and CEO, The One Campaign
In conversation with: Jordan Weissmann, Washington Editor, Semafor

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Fireside Chat: Navigating a Rapidly Evolving Debt Environment
How African economies can better manage debt for development


Featuring: Akinwumi Adesina, President, African Development Bank Group 
In conversation with: Yinka Adegoke, Africa Editor, Semafor

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Closing Remarks

Featuring: Bennett Richardson, General Manager, Global Head of Public Affairs, Semafor