November 21 At the 17th annual meeting of the International Financial Forum, the Secretary-General of the United Nations Antonio Guterres said on the 21st that international finance has a major mission and countries need more liquidity and resources to respond to the crisis and promote recovery.
Guterres pointed out that global public finance must focus on two key priorities, one is to invest in the countries and industries most in need, in the short term, in health, education and social security, and in the long term, to cover all aspects of sustainable development; and the other is to make full use of private and state-owned financing through A strong tax system is implemented using tools such as incentives and guarantees.
Guterres believes that the COVID-19 vaccine is a global public welfare product and must ensure that everyone has a chance to get the vaccine at that time.” The Accelerated Initiative for the Fight Against COVID-19 is a global solution that will help achieve the above goals, but $35 billion is needed to expand its implementation.
“The current time is to redefine the direction of the global financial system, leading all participants to consider sustainable development and climate risks in decision-making, and also to use digital technology,” Guterres said. The COVID-19 crisis has accelerated the development of new technologies, such as making financial services and social security systems universal. But at the same time, digital technology has also exacerbated the digital divide and inequality, accelerating the pace of international cooperation and enhancing knowledge exchange and capacity-building.”
