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South Africa: Facing the Challenges of the Global Economy

  • Location: University of Pretoria

The South African Institute of International Affairs hosts a Speaker’s Meeting addressed by  Mr. David Lipton, First Deputy Managing Director, International Monetary Fund (IMF) on “South Africa: Facing the Challenges of the Global Economy.”

No country has escaped from the impact of the global financial crisis that is still playing out in a number of regions in the world.  The International Monetary Fund (IMF) has been a key institution in seeking to ensure that there are appropriate measures in place to support the recovery of the global economy.  The IMF has recently released its Spring 2013 World Economic Outlook report.  This highlights the ongoing difficulties faced in Europe and the complicated policy making environment for emerging and developing countries.  The First Deputy Managing Director of the IMF will discuss some of the findings of the World Economic Outlook Spring 2013 and specifically what the current trends in the world economy mean for Sub-Saharan Africa and South Africa.

Event details

Date:          Wednesday, 08 May 2013
Time:         10h00-11h30,  Registration from 09h30
Venue:       Conference Room 100, Conference Centre, Hatfield Campus, 
                  University of Pretoria (No 50 on map)

Click here to read an article about Mr. Lipton's speech published by Creamer Media on 17 May 2013, "New growth ‘bargain’"

Biographical Information

Mr. David Lipton assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2011. He served as a Special Advisor to the Managing Director of the International Monetary Fund starting July 26, 2011 before assuming his duties as First Deputy Managing Director.

Before coming to the Fund, Mr. Lipton was Special Assistant to the President, and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House.

Previously, Lipton was a Managing Director at Citi, where he was Head of Global Country Risk Management. In that capacity, he chaired Citi’s Country Risk Committee, worked for the Senior Risk Officer, and advised senior management on global risk issues.

Prior to joining Citi in May 2005, he spent five years at Moore Capital Management, a global hedge fund and, before that, a year at the Carnegie Endowment for International Peace. Lipton served in the Clinton administration at the Treasury Department from 1993 to 1998. As Under Secretary of the Treasury for International Affairs — and before that as Assistant Secretary – Lipton helped lead the Treasury’s response to the financial crisis in Asia and the effort to modernize the international financial architecture.

Before joining the Clinton administration, Lipton was a fellow at the Woodrow Wilson Center of Scholars.

From 1989 to 1992, he teamed up with Prof. Jeffrey Sachs then at Harvard University, working as economic advisers to the governments of Russia, Poland and Slovenia during their transitions to capitalism.

Lipton began his career with eight years on the staff of the International Monetary Fund, working on economic stabilization issues in emerging market and poor countries.

Lipton earned a Ph.d. and M.A. from Harvard University in 1982 and a B.A. from Wesleyan University in 1975.

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