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Financial Information: Catalyst for Growth
April 26-28, 2016Vienna, Austria

The Centre for Financial Reporting Reform is hosting three high-level events, which will discuss the role of good quality and transparent financial reporting in the economic development of East, Central and Southeastern Europe.

Joint REPARIS-STAREP Senior Officials’ Workshop: 26 April 2016

Senior officials from participating countries (Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Georgia, Kosovo, Former Yugoslav Republic of Macedonia, Moldova, Montenegro, Serbia and Ukraine) will meet for further exchanges on progress on corporate financial reporting reform and explore avenues for improving the quality of financial information that supports decision-making and facilitates investment.

Participation at this event is by invitation only.

Ministerial Conference: 27 April 2016

The 2016 CFRR Ministerial Conference is dedicated to the impact of quality financial reporting on catalyzing growth in investments and economies. Participants will review progress made in reforms in their respective countries and explore how to build trust in financial reporting and promote its use as the basis for fostering inclusive growth. This biennial event promotes the use of financial information in support of financial stability, access to finance for businesses, and economic growth in the region. The Conference will take place at the Hofburg Palace, and expects to bring Ministers of Finance from the region; senior representatives of governments, key international institutions and organizations; and experts from the business, professional and academic communities.

Draft Agenda in English (subject to change)
Draft Agenda in Russian (subject to change)

Please register your participation below. Please note, you will be responsible for all costs associated with you travel and stay in Vienna. The attendance of the Conference is free of charge.

Register>>

Professional Accountancy Organizations’ Forum: 28 April 2016

Professional Accountancy Organizations from central, southeast and Eastern Europe will join colleagues including representatives from the World Bank and the International Federation of Accountants (IFAC) to discuss the profession’s contribution to gearing up for economic growth.

Participation at this event is by invitation only.

Last Updated: Mar 31, 2016

FINANCIAL INFORMATION: CATALYST FOR GROWTH
2016 MINISTERIAL CONFERENCE; HOFBURG
VIENNA, AUSTRIA
27 APRIL 2016

   
8:30 Registration and Welcome Coffee
9:00

Key Note Session 1. Governance and Financial Reporting Reform in Europe and Central Asia. The Strategic Context

Welcoming Address

Creating Opportunities for Growth and Investment in the European Neighbourhood Countries

A Vision for Shared Prosperity in Central and Eastern Europe
Cyril Muller, Regional Vice President, Europe and Central Asia, The World Bank

The New Frontiers of Financial Reporting
Hans Hoogervorst, Chairman, International Accounting Standards Board (IASB)

This session will set the scene for the Conference and will provide an overview of initiatives to create opportunities for investment, connect finance to the wider economy, and foster a more resilient financial system.

10:30   Coffee Break
11:00

Key Note Session 2. Ministers’ Panel: The Role of Financial Reporting in the Economic Development of Countries in Central, Eastern and Southeastern Europe

H.E. Octavian Armasu, Minister of Finance, Republic of Moldova
H.E. Vjekoslav Bevanda, Minister of Finance and Treasury, Bosnia and Herzegovina
H.E. Anca Dragu, Minister of Public Finance, Romania
H.E. Avdullah Hoti, Minister of Finance, Kosovo
H.E. Dušan Vujović, Minister of Finance, Serbia

Moderator: Samia Msadek, Director, Governance Global Practice Group, World Bank

Ministers of Finance from participating countries will discuss the opportunities and challenges of using financial information for economic development in the region, and outline the progress and impact of ongoing financial reporting reforms in their countries.

12:30 Lunch Break
14:00

Session 3. Investors’ Panel: Financial Information for Sound Business Decisions

Richard Golden, Executive Director, Investment Banking Division, Raiffeisen Centrobank AG
Petr Kriz, Partner, PricewaterhouseCoopers (PwC), President of the Federation of European Accountants (FEE)
Monika Lukacs, Operations Partner, Bancroft Private Equity
Natalia Yalovskaya, Director, Financial Institutions Ratings, Standard and Poor’s RatingServices

Moderator: Ellen Goldstein, Country Director, Southeastern Europe, The World Bank 

Representatives of the finance, investment and credit industries will describe how highquality financial information contributes to more efficient investment, lending and business decisions.

15:30  Coffee Break
16:00

Session 4. Economic Growth. Where does government accounting fit into the picture?

Alexandre Makaronidis, Head of Unit, Task Force EPSAS, Directorate General for Eurostat
Soukeyna Kane, Practice Manager, Governance Global Practice, Europe and Central Asia Region, The World Bank

This panel discussion will provide an overview of public accounting reform, and will discuss the role of public accounting in promoting governments’ transparency and accountability, managing fiscal risk, and inclusive growth.

16:45

Session 5. Looking Forward: Priorities in Financial Reporting Reform in EU-REPARIS and STAREP Countries

Policymakers from the countries covered by the EU-REPARIS and STAREP regional programs will outline key priorities and challenges in financial reporting reforms. Discussions will also focus on ways to enhance the investment climate in the region over the next two
years.
 

17:30

Closing Remarks

Samia Msadek, Practice Director, Governance Global Practice, The World Bank

18:00 Conference Ends
   

Last Updated: Mar 31, 2016

  • Cyril Muller

    Regional Vice President, Europe and Central Asia, The World Bank
  • Hans Hoogervorst

    Chairman, International Accounting Standards Board (IASB)
  • H.E. Octavian Armasu

    Minister of Finance, Republic of Moldova
  • H.E. Vjekoslav Bevanda

    Minister of Finance and Treasury, Bosnia and Herzegovina
  • H.E. Anca Dragu

    Minister of Public Finance, Romania
  • H.E. Avdullah Hoti

    Minister of Finance, Kosovo
  • H.E. Dušan Vujović

    Minister of Finance, Serbia
  • Samia Msadek

    Director, Governance Global Practice Group, World Bank
  • Richard Golden

    Executive Director, Investment Banking Division, Raiffeisen Centrobank AG
  • Petr Kriz

    Partner, PricewaterhouseCoopers (PwC), President of the Federation of European Accountants (FEE)
  • Monika Lukacs

    Operations Partner, Bancroft Private Equity
  • Natalia Yalovskaya

    Director, Financial Institutions Ratings, Standard and Poor’s Rating Services
  • Ellen Goldstein

    Country Director, Southeastern Europe, The World Bank
  • Alexandre Makaronidis

    Head of Unit, Task Force EPSAS, Directorate General for Eurostat
  • Soukeyna Kane

    Practice Manager, Governance Global Practice, Europe and Central Asia Region, The World Bank