Central bank governors from around the world will converge on Hong Kong this weekend for a top-level closed-door meeting on Monday. On the bankers agenda, it is understood, will be a review of the current outlook for global economies and an exchange of views on the controversial topic of how the financial systems in emerging markets can be strengthened. Proposed changes to the Bank for International Settlements' guidelines on capital adequacy will also come under the microscope. Bill McDonough, president of the New York Federal Reserve, will meet the press to discuss this issue following the meeting. Also likely to brief the media after the event will be Andrew Crockett, general manager of the Bank for International Settlements. It is understood central bank governors from 17 countries will attend the meeting. From the Asian region will be the governors of central banks in Australia, China, India, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Hong Kong. A notable likely absentee from the list is Indonesia. European representation at the meeting will be from Britain, Sweden, and the head of the European Central Bank Wim Duisenberg. The meeting will be the third arranged by the Bank for International Settlements. It first hosted the world's central bankers for a similar discussion in Hong Kong two years ago, followed by a meeting in Singapore in January last year.