World Bank-IFC Conference on Housing Finance in South Asia, Jakarta, May 27-29, 2009
Housing finance markets have been changing dramatically across South Asia. The global financial turbulence has varying effects on different markets. On the one hand, housing finance markets are growing to match a rising demand for housing. On the other hand, some countries are facing a liquidity crunch on global capital markets. In light of the changing financial landscape, the time is right to address policy and practical questions about housing finance. What is the right balance between innovation and regulation? How extensive are the risks posed by housing finance to the financial system? What are appropriate measures for promoting affordable housing?Â
The workshop blended policy principles with practical, real-life applications. Topics addressed included:
The workshop gathered senior officials from ministries of housing and development, ministries of finance; from mortgage regulation departments of central banks; mortgage market facilities and securities and exchange commissions; securitization companies and housing funds; mortgage companies; and experts from donor institutions working in the South Asia region.
The various issues raised and discussed in the conference were: