RIO DE JANEIRO--(BUSINESS WIRE)--The importance of developing strong financial infrastructures in order to advance financial stability and access to finance will be the focus of discussion among Citigroup global experts on financial infrastructure, international public sector representatives and other groups participating in the International Finance Corporation Financial Infrastructure Week 2011, which will take place in Rio de Janeiro, Brazil from the 14th to the 17th of March.
The event, organized by the World Bank Group and the International Finance Corporation, aims at promoting stronger financial infrastructures by raising awareness and exchanging best practices on topics such as payment systems, credit reporting and secured transactions. This will be achieved with the support of key partners experts from the private sector, including global Citi experts on financial infrastructures Jay Collins, Citi Global Co-Head, Public Sector Group; Filippo Sabatini, Citi Global Public Sector GTS Head; Gary Schneider, Citi GTS Public Sector Product Head; and Keith Karako, Citi Global head Trade Finance.
"We have a dedicated global team serving our public sector clients in more than 100 countries by promoting good governance, supporting large-scale infrastructure financing needs, helping diversify government’s asset classes and increasing cost and operational efficiency and continuity of business through the use of technology and automation," said Jay Collins, Citi Global Co-Head, Public Sector Group.
During the event, Citi experts will be delivering key note addresses and participating in discussion panels on topics such as financial infrastructures, payment system development, the role of credit reporting at times of financial crisis, and secured transactions reforms to increase access. They will also meet with delegates to discuss the latest developments and best practices on financial infrastructure.
“Our goal is to share our global expertise and best practices with public sector representatives, in order to promote a global dialogue and contribute with the development of stronger and sustainable financial infrastructures across the world," said Filippo Sabatini, Citi Global Public Sector GTS Head.
The IFC Financial Infrastructure Week 2011 combines a full day plenary session followed by 3 days with three different parallel panels of discussions. More than 400 participants are expected to attend the event in Rio de Janeiro, including Ministries of Finance, representatives from Development Banks, Central Banks and Securities Commissions.
About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. For more information, please visit: www.citigroup.com or www.citi.com.