Editor’s Note: Alessandro Golombiewski Teixeira is a former Special Economic Advisor to the President of Brazil and a National Thousand Talents Emeritus Professor at Tsinghua University in China. The article reflects the views of the author, and not necessarily those of CGTN.

From May 29 to 30 in Beijing, China is hosting the spring meeting of the International Financial Forum (IFF). The IFF is an independent international organization created by global financial leaders from more than 20 countries, regions and related international organizations such as China, the United States, the European Union and the United Nations.

It is a permanent high-level institution for dialogue, exchange and research in the global financial field and is known as the global “F20” (Finance 20) in the financial sector. The International Finance Forum aims to establish dialogue, exchange and cooperation on global financial strategy to promote global financial services and strengthen global sustainable development.

However, this year is the first time in the 18-year history of the International Financial Forum that this important forum will have a different mission. It has a responsibility to contribute both to the recovery and to the revitalization of the world economy. The theme is “The post-epidemic era: global governance and international cooperation”.

As COVID-19 raged in 2020, the world seemed to be pushing the stop button. Whether it is economic development or global cooperation, the whole world has come to a standstill, dealing a blow to the global economy and to global trade and investment activities.

How can we build new global partnerships? What can we do to strengthen global sustainable development, improve global governance, address climate change, improve public health, boost trade and investment, and strengthen international cooperation and development? All of these questions merit further discussion.

In such a context, it seems that we need a dialogue to pool consensus, wisdom and strength so that the global economy can move in the right direction.

The IFF was organized this year not only to be a discussion workshop, but also to offer viable solutions that would help the global economy return to the path of prosperity.

It will have important debates on topics such as global governance and development cooperation in the post-pandemic era, global sustainable finance, global pandemic cooperation, global climate cooperation, China-US green cooperation, China-EU carbon pricing, carbon neutrality and investment opportunities, carbon neutrality and innovation in green technologies, infrastructure construction and free trade, change and challenge of the global economic landscape, digital currency and future digital transition , China’s new development model and “fourteenth five-year” trend and the Green Silk Road. We hope that the IFF can contribute to a rapid global economic recovery. In addition to the opening ceremony and plenary session, there will be four symposia, two round tables, four summits and four academic conferences.

With an emphasis on governance and cooperation, this year’s program is a call for future global development. With the development, production and vaccination of the new coronavirus vaccine, the world order has gradually returned to normal and the world economy appears to have entered an era of slow recovery, but there is still a long way to go. .

The impact of the pandemic has obvious regional differences. China is a country with a relatively early large-scale epidemic, but due to its government’s good governance as well as its rapid vaccine research and development, China has become the only large economy to experience positive growth in 2020. . time, we still need to pay attention to other countries like India, Brazil etc. The world as a whole continues to face serious challenges in global pandemic cooperation and sustainable development.

Since its inception, the FIF has successfully organized 17 annual world conferences. It has played an important role in promoting dialogue, exchange and cooperation on international financial strategy, as well as academic research, and has gained considerable international influence. It is clear that the grouping is the product of global cooperation and belongs to the whole world.
The keywords “governance” and “cooperation” at a deeper level show that the forum hopes to build consensus and stimulate positive energy through this meeting, and build a “bridge for win-win cooperation”.

No country can fight the pandemic alone. The destinies of all countries are closely linked. Globalization and regional economic integration can be a bumpy road, but we won’t stop. We don’t want COVID-19 to drag the whole world into chaos. Instead, we hope that through this epidemic the world will achieve its “governance” through “change”.

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