Foreign exchange policy and sustainable development in low-income countries

The Banque de France, jointly with FERDI and AFD are organizing a conference on “Foreign exchange policy and sustainable development in low-income countries” in Paris, February 14, 2019. The objective of the conference is to highlight the most recent progress in economic research on the long-term effects of exchange rate policy and the experience acquired by professionals, in order to identify which exchange rate policies are the best suited to low-income countries' development strategies, notably in the framework of existing or proposed monetary unions.

The diversity of the speakers, from Africa and beyond, academics or practitioners offering a wide range of experience, will provide insights into the implications of exchange rate policy with respect to the three key sustainable development issues: economic growth in high-population-growth countries ; income distribution, in particular, poverty trends ; and climate change which justifies moderation and adaptation efforts and, more generally, the conservation of the environment.  The conference will be introduced by an inaugural session, followed by three sessions structured as followed: a general overview will present the issues at stake and the state of knowledge; two or three speeches will make additional observations and will give rise to discussions with the audience. The last session will take the form of a round table.


Registrations are open online       Detailed programme (with panelists)

9:00 – 10:00



Olivier Garnier, Director General for Statistics, Economics and International at Banque de France 

Patrick Guillaumont, President of Ferdi

Philippe Bauduin, Deputy General Director of AFD

10:00 – 10:45

Inaugural conference

José Antonio Ocampo, Professor, Columbia University and President of the United nations Committee for Development Policy

10:45 – 11:00

Coffee break

11:00 – 12:00

Session 1 : Foreign exchange policy and long-term economic growth

The aim of this session is to analyse the influence of exchange rate regimes on the growth of economies, in particular on their long-term dynamics.

12:00 – 13:30


13:30 – 14:30

Session 2 : Foreign exchange policy and income distribution

The aim of the session is to understand through which mechanisms the foreign exchange regime and exchange rate developments affect income distribution and poverty.

14:30 – 15:30

Session 3 : Foreign exchange policy, environment and climate change

The aim of this session is to understand how changes in real exchange rates interact with the environment and climate change in the short and long term. Real exchange rates determine the relative price of goods and services such as material and financial assets, and affect the relative development of economic sectors and their spatial distribution.

15:30 – 15:45

Coffee break

15:45 – 17:00

Panel discussion: What monetary and foreign exchange policies to promote sustainable development in low-income countries?

Foreign exchange policy in low-income countries should be part of a sustainable development strategy aiming at a rapid, inclusive and environment-friendly economic growth, as well as integration in financial and economic globalization. Panelists will be invited to share their opinion on instruments and actions that may contribute to this objective.

17:00 – 17:15

Closing remarks


Updated on: 02/08/2019 16:15