Skip to content
 
Contact

High-Level Seminar 2

Local Currency Financing for Innovation and Development

Rio de Janeiro, Brazil
July 04, 2025

For NDB member countries in a rapidly changing international monetary environment, the need for sustainable and resilient financing for development has never been greater. The Local Currency Financing (LCF) Seminar seeks to address this imperative by bringing together stakeholders to explore practical and innovative avenues for advancing local currency financing.

The objective of this high-level seminar on LCF, on the sidelines of the Annual Meeting, is to facilitate dialogue among policymakers, financial institutions, and corporates on LCF; to share the best practices and innovative approaches for developing LCF markets; and to explore collaborative frameworks to promote inclusive multilateral LCF model.

Session 1

Session 2

Venue: Rio de Janeiro I+II Rooms, Fairmont Copacabana, Rio de Janeiro, Brazil
Date: July 04, 2025
Time: 15:50-17:50
Agenda
15:50-16:00 Opening Session

  • Mr. Monale Ratsoma, Vice President and Chief Financial  Officer, NDB
16:00-16:50 Session 1

Current Practice of Local Currency Financing: A demand side perspective from Multilateral Development Banks and borrowers

Moderator:

  • Mr. Zhongxia Jin, Director General, Treasury and Portfolio Management Department, NDB

Topics:

Current Practice of LCF: Is there a strong business case?
What is the extend and nature of the demand from borrowers and investors?
Risk Management in LCF: What are the common issues and solutions?

Panel Discussion Speakers:

  • Mr. Omar Sefiani, Director of the Treasury Department, African Development Bank (Virtual attendance)
  • Mr. Domenico Nardelli, Treasurer, Asian Infrastructure Investment Bank
  • Mr. Abelardo Daza, Senior Executive of Client Solutions, Corporacion Andina de Fomento (CAF)
  • Mr. Alexandre Lowenkron, Executive President, BOCOM BBM
  • Ms. Kedi Wang, Chief Financial and Investor Relations Officer,  CPFL Energia
  • Mr. Daniel Alves Maria, Chief, Treasury, NDB
16:50-17:00 Tea Break
17:00-17:50 Session 2

LCF and Financial Market Development: The role of regulators and policy makers

Moderator:

  • Mr. Daniel Alves Maria, Chief, Treasury, NDB

Topics:

Financial market development of developing and emerging economies.
Capital market challenges in raising local currencies, a regulatory and policy perspective.
Experiences and lessons from Multilateral Development Institutions.

Panel Discussion Speakers:

  • Mr. Tianqi Sun, President, NAFMII (Virtual attendance)
  • Dr. Rashad Cassim, Deputy Governor, South African Reserve Bank
  • Mr. Chandi Mwenebungu, Managing Director and Group Head, Treasury and Markets, African Export-Import Bank
  • Mr. Xian Zhu, Executive President and Secretary General, International Finance Forum
  • Mr. Zhongxia Jin, Director General, Treasury and Portfolio Management Department, NDB

Photos

 
New Development Bank Tenth Annual Meeting
View More New Development Bank Tenth Annual Meeting
Borrowing Programmes
View More Borrowing Programmes