International Financial Forum opens spring meetings in 2022, calls for cooperation on global challenges

BEIJING, April 30, 2022 / PRNewswire / – The International Finance Forum (IFF) kicked off its 2022 spring meeting in Beijing on April 27 on “A New Global Landscape: Challenges and Responses”.

It involves world political and financial leaders such as the International Monetary Fund (IMF) and the United Nations Cooperation Organization ShanghaiThe forum aims to discuss the challenges facing the world community and how countries can work together to strengthen global economic governance through international cooperation.

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In his keynote address, Pierre-Olivier Gurinschas, chief economist at the International Monetary Fund, said the IMF had lowered its forecast for global economic growth to 3.6 percent this year due to numerous headwinds, and that the organization continued to have a low opinion. . on the prospects of the world economy.

Gurinchas noted that measures to contain Covid-19 in China have successfully controlled the number of deaths and infections over the past two years, ensuring the stable functioning of economic activities.

The main problem for the world’s second-largest economy is the relatively low level of vaccination among people over the age of 75, Gurinchas said, adding that improving vaccination coverage remains a key factor in global economic recovery.

On climate change, meanwhile, Zhou Xiaochuan, IFF chairman and former chairman of the People’s Bank of China, said the financial sector must have the courage to take on certain responsibilities and steps to address related issues. financing and pricing. Building a single carbon market is the best solution, Zhou added.

Azimbakiyev Muratbek Abakirovich, Deputy Secretary General of the Cooperation Organization Shanghaisaid the global economy continues to struggle with the effects of the Covid-19 pandemic, combined with growing trade protectionism, which is hampering sustainable and balanced economic growth.

In the post-pandemic era, stable economic growth could be significantly affected by the risks posed by the politicization of global economic relations, weakening global governance and slow progress in international trade, Muratbek Abakirovich said. The risks posed by climate change, resource depletion and environmental degradation will need to be monitored and controlled, he added.

During event too Khan SinSoo, co-chair of the IFF and former prime minister of Korea, called on the world community to overcome the coming global financial crisis through closer cooperation.

To analyze global issues and exchange ideas for potential solutions, the ICF spring meetings brought together world leaders to discuss how China and the world can take steps to accelerate economic growth as the geopolitical turmoil continues amid the pandemic, food escalation and energy crises. threats to global security of industry and supply chain.

About the International Financial Forum

IFF is an independent non-governmental non-profit international organization founded in Beijing in 2003. Created by financial leaders from more than 20 countries, regions and international organizations, including China, the United States, the EU and the UN Forum. an ancient high-level platform for dialogue and communication. For more information, visit: