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  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

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BFA Academy Holds the Second Seminar on COVID-19 & Global Economy
Origin:Boao Forum for Asia      Time:2020-03-27 14:39:08    Views:298

On the morning of March 25, BFA Academy held the second on-line seminar on COVID-19 & Global Economy to discuss the implications of COVID-19 for the global economy in the short and medium term and put forward policy proposals. More than 200 representatives from 29 Initial Countries, the Board of Directors, the Council of Advisors, members, partners and media watched the seminar and participated in the discussion online.

Key speakers included 14 world-renowned scholars, public figures and business leaders, including Shaukat AZIZ, BFA Director and former Prime Minister of Pakistan; Craig ALLEN, President, the US-China Business Council; Yose Rizal DAMURI, Head of the Department of Economics, Center for Strategic and International Studies; Kent CALDER, Director of the Reischauer Center for East Asian Studies, Johns Hopkins University; Tom ORLIK, Bloomberg’s Global Chief Economist; Jeremie O. WATERMAN, President of the China Center and Vice President for Greater China, U.S. Chamber of Commerce; Levin ZHU, Financial Expert; and WANG Xin, Secretary General, China Society of Banking and Finance.

As the COVID-19 pandemic is spreading globally, its implications for lives, livelihoods and economies are becoming increasingly prominent, and the global economy, trade, investment and financial markets are facing even greater uncertainty, noted the participants. At the moment, pandemic control and economy are two pressing issues that merit equal attention. The world as a whole must take necessary and decisive measures to contain the pandemic, while minimizing the implications for global economies through effective fiscal and monetary policies and structural reforms. Many affected countries have launched strong fiscal stimulus and monetary easing policies, which are expected to target SMEs and low-income groups hit hardest by the pandemic. Stabilizing employment is a top priority.

The attendees also placed high hopes on the forthcoming special G20 leaders’ summit, and called for solidarity and policy coordination among the international community to address the shared challenges, just like what was done during the last global financial crisis.

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