7th Global Housing Finance Conference
May 25-26, 2016Washington, D.C.

Speech by Sri Mulyani Indrawati, World Bank Managing Director and COO

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The World Bank Group held its 7th Global Housing Finance Conference on May 25-26, 2016. Jointly hosted biannually by the World Bank and the International Finance Corporation (IFC), the underlying theme of the conference is based around the new Sustainable Development Goals (SDGs), particularly Goal 11 which focuses on sustainable cities and communities. The conference will explore innovative ideas on how to ensure access for all to adequate, safe and affordable housing and basic services.

As in previous years, the conference attracts an audience of officials, practitioners, NGOs and donors from the developed countries and emerging markets. Its principal aim is to exchange views and experiences, and derive key operational conclusions for policy makers and housing finance practitioners. The conference creates awareness of the major challenges in developing or strengthening housing finance markets and seeks cooperation for better solutions.

Pre-conference sessions on Tuesday, May 24

Pre-conference sessions will be held on Tuesday, May 24 to delve deeper into specific topics and facilitate a broader discussion. These sessions will cover housing microfinance, mortgage lending in emerging markets, and the housing sector in sub-Saharan Africa. Attendance of these sessions is limited to conference participants only and will be on a first-come-first-served basis. Click the link below to register for any/all of these sessions.


Session 1: Workshop on Housing Microfinance in combination with construction technical assistance and the provision of construction materials – concepts, practices, examples

Session 2: Mortgage Lending in Emerging Markets and Minimum Quality Standards

Session 3: Towards Improving Access to Housing in Sub-Saharan Africa


For any questions, please contact the World Bank Housing Finance Team:

Related Publications


Stocktaking of the Housing Sector in Sub-Saharan Africa: Challenges and Opportunities



Access to Affordable and Low-Income Housing in East Asia and the Pacific



Housing Finance across Countries: New Data and Analysis


Note: Click session names to access presentations.

Wednesday, May 25th

8:00 – 9:00           Registration and Breakfast           MC Front Lobby

9:00 – 9:15           Welcoming Remarks

  • Jan Walliser, Vice President, Equitable Growth, Finance, and Institutions, World Bank


9:15 – 9:45           Keynote Address

  • Aisa Kacyira, Deputy Executive Director, UN-HABITAT

9:45 – 11:00         Session 1: Goal 2030 - Adequate, Safe and Affordable Housing

Is the 2030 Sustainable Development Goal realistic and achievable? What needs to happen to make it a reality?

    Half of humanity – 3.5 billion people – lives in cities today
    By 2030, almost 60 per cent of the world’s population will live in urban areas
    95 per cent of urban expansion in the next decades will take place in developing world
    828 million people live in slums today and the number keeps rising

What role will Housing Finance play in harnessing the investment necessary to build the cities and the decent affordable housing which will be needed over next 14 years and beyond? Can the goal be reached? What needs to change?

Session Chair: Loic Chiquier, World Bank


  • Jan Mischke, Senior Fellow, McKinsey Global Institute
  • Sriram Kalyanaraman, Chairman and CEO, National Housing Bank, India
  • Edith Castro Bedolla, Deputy General Director, CONAVI, Mexico
  • Aisa Kacyira, Deputy Executive Director, UN-HABITAT

11:00 – 11:30       Coffee and Tea Break          MC Front Lobby

11:30 – 12:45      Session 2: Housing Finance in sub-Saharan Africa

Sub-Saharan Africa faces a population and urbanization challenge over coming decades which is unparalleled across the World. It requires millions of new houses and trillions in investment. What are the pioneering programs being adopted to create the new housing stock? How can governments respond to the needs of those most vulnerable and on lowest incomes? How can housing help create vibrant African cities?

Session Chair: Irina Astrakhan, World Bank


  • Oscar Mgaya, Chairman, African Union for Housing Finance
  • Charles Inyangete, CEO, Nigerian Mortgage Refinance Company
  • James Mugerwa, CEO, Shelter Afrique
  • Kecia Rust, Director, Centre for Affordable Housing Finance Africa

12:45 – 14:00      Lunch     James D. Wolfensohn Atrium

14:00 – 15:30      Session 3: Financing Housing at the Bottom of the Pyramid

Emerging Markets face a common challenge of lending to those at the bottom of the pyramid who are on low incomes and/or work in the informal sector. What is the latest thinking in adapting existing models to fit these challenges? What role should government take in providing a housing safety net? Is homeownership the best solution for those on lowest incomes? How can lenders underwrite loans for those working in the informal sector?

Session Chair: Friedemann Roy, IFC


  • François Perrot, Head of Affordable Housing, LafargeHolcim
  • May Abdel Hamid, Chairman, Mortgage Finance Fund, Egypt
  • David Smith, CEO and Founder, Affordable Housing Institute
  • Wijayanto Samirin, Special Staff for Economy and Finance, Vice President’s Office, Government of Indonesia

15:30 – 16:00      Coffee and Tea Break          MC Front Lobby

16:00 – 17:15      Session 4: Mortgage Funding & Regulation

Accessing long term funds remains among the biggest challenges in developing housing finance in emerging markets. What has been experience with different financial instruments ranging from covered bonds, MBS and mortgage liquidity facilities? In the post-subprime era, how do new regulations impact funding? What will the Basel III Net Stable funding Ratio mean for lenders? What is future role of securitization?

Session Chair: Andrey Milyutin, World Bank


  • Luca Bertalot, Secretary-General, European Covered Bond Council - European Mortgage Federation
  • Olivier Hassler, Chairman, CRH, France
  • András Kiss, Head of Savings & Credit, Fundamenta Lakaskassza, Hungary

17:15 – 19:00      Cocktails and hors d’oeuvres             MC Front Lobby


Thursday, May 26th

8:00 – 9:00           Breakfast             MC Front Lobby

9:00 – 9:10           Introduction to Day 2

  • Marcos Brujis, IFC

9:10 – 9:45           Role of Private Sector in Delivering Affordable Housing for all by 2030

  • Renu Karnad, Managing Director, HDFC, India

9:45 – 11:00        Session 5: What role for private sector in reaching Housing 2030 Goal?

The scale of the investment required will necessitate a strong private sector expansion in many markets to plug the housing investment shortfall. What are the implications for lenders in terms of risk management, funding? What are the new business models? How can ICT be harnessed for housing finance? Can international capital flows provide investment returns and new housing stock?

Session Chair: Britt Gwinner, IFC


  • Femi Johnson, President Mortgage Bankers Association of Nigeria
  • Rodrigo Barrera, Founder & CEO, Club de Rentas, Retna Ingeniería Inmobiliaria, México
  • Christian Agossa, Managing Director, Caisse Régionale de Refinancement Hypothécaire de l’UEMOA (CRRH-UEMOA)
  • Renu Karnad, Managing Director, HDFC, India 

11:00 – 11:30      Coffee and Tea Break          MC Front Lobby

11:30 – 13:00      Session 6: Housing the Excluded

Housing access for all by 2030 will not be achieved if some segments of the population remain excluded and deprived with access to adequate land and housing. This session will bring a variety of perspectives on policies and actions needed to address affordable housing challenges for those excluded due to tenure, race, ethnicity, or gender.

Session Chair: Yan Zhang, World Bank


  • Shruti Gonsalves, CEO, SEWA Grih Rin, India
  • Ashna Mathema, Senior Urban development Specialist, World Bank
  • Kecia Rust, Director, Centre for Affordable Housing Finance Africa

13:00 – 14:15      Lunch    MC East Dining Room (C1-level)

14:15 – 15:00      Using New Technology to Create a New, Inclusive Housing Model

  • Alastair Parvin, Cofounder, WikiHouse Foundation

Alastair Parvin is an architectural and strategic designer and co- founder of the WikiHouse project work which aims to bring access to housing to all through 3D printing of housing assembly kits. His work looks beyond  the conventional framework for architecture, looking at the economic, financial, social, political  and technological operating systems behind it.


15:00 – 16:15      Session 7: Lasting Housing Solutions for Displaced Populations

Housing displaced population – either due to conflicts or large scale natural disasters – has become one of the most urgent development issues in many parts of the world. New solutions are required to provide temporary and permanent housing for displaced people at short notice, in contexts of limited capacity and unclear property rights, while at the same time, avoiding increased pressure on low-income housing in hosting communities. Are there successful stories? What are the financing implications? What role the humanitarian community, governments and the private sector should play respectively?

Session Chair: Ayat Soliman, World Bank


  • Charles A. Setchell, Senior Shelter, Settlements, and Hazard Mitigation Advisor, USAID Office of US Foreign Disaster Assistance
  • Maria Ana Oliveros, President of Social Housing Finance Cooperation, Philippines
  • Priscilla Phelps, International Advisor on Post-Disaster Recovery

16:15 – 16:45      Coffee and Tea Break          MC Front Lobby

16:45 – 17:45      Session 8: Bringing it all together – Working Across the housing value chain to deliver Housing for All by 2030

The challenge of delivering housing for all by 2030 calls for a holistic understanding of the housing value chain (formal & informal). An efficient housing system requires full alignment of the supply side (planning regulations, access to land, infrastructure, developer finance, construction, and building materials) and the demand side (end user finance) aspects of the sector. It also calls for coordinated actions across the national and local governments, the private sector, and the communities themselves. This session will bring together different perspectives from stakeholders to discuss where change is needed to make Housing for all by 2030 a reality.

Session Chair: Anna Wellenstein, World Bank


  • Paloma Silva de Anzorena, Director General, CONAVI, Mexico
  • Marja Hoek-Smit, Director/Founder, International Housing Finance Program, Zell/Lurie Real Estate Center
  • Jorge Pérez Jaramillo, Former Planning Department Director for the city of Medellín, Colombia
  • Patrick Mwenda Bucha, Secretary Housing, Ministry of Land, Housing and Urban Development, Kenya

17:45 – 18:00      Closing Remarks

  • Simon Walley, World Bank
  • Kecia Rust, Director, Centre for Affordable Housing Finance Africa
7th Global Housing Finance Conference
  • Date: May 25-26, 2016
  • Location: Preston Auditorium - World Bank Headquarters - Washington, D.C.
  • CONTACT: Housing Finance Team 

World Bank Live

Infographic: Housing For All by 2030


World Bank Live

Watch the event and participate in the discussion on World Bank Live.

Time: 9:00am - 11:30am (ET) /
13:00 - 15:30 (GMT)


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