International Finance Forum publishes IFF China Report 2021

World

The International Financial Forum (IFF) has announced the publication of the IFF China Report 2021 presenting the most important political initiatives of China and opportunities for global cooperation in the context of, inter alia, COVID-19, the Warsaw Business Journal reports.

The IFF report includes 31 statements by international leaders, key decision-makers, and financiers on key topics in five thematic groups: global economic growth in the post-pandemic era, the Belt and Road Initiative (BRI), green finance, global capital markets, and fintech.

"COVID-19 has disrupted the global economy significantly. However, the ecological consequences of the pandemic are as important as the economic ones, because the public health threat is a symptom of a deeper economic problem that underlies it. The key to tackling this problem is shifting the focus to the so-called new green infrastructure," Han Seung-soo, IFF co-chair, chairman of the International Silk Road Association (SRIA) noted.

"The SRIA mission needs to be reformulated to mobilize the investments needed to face the new normality after Covid-19. Mass production of solar and wind power on wasteland along the BRI route would help generate clean energy for the East, which should be a priority for SRIA," he stressed.

Jim Yong Kim, the twelfth president of the World Bank, emphasizing the fundamental importance of the rapid recovery of the global economy in the post-Covid epidemic, said in the report that investment in infrastructure should be "one of the priorities to help developing countries recover faster from the pandemic".

Marcos Toyjo, New Development Bank president, pointed out that new infrastructure must meet the needs of the fourth industrial revolution.

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