International Finance Forum releases 2021 Global Finance and Development Report
GUANGZHOU, China, Dec. 3, 2021 / PRNewswire / – International Finance Forum (IFF) today published the Global Finance and Development Report 2021 (GFDR) and Global Green Finance Development Index (GGFDI) as well as country rankings.
“This is the first year that the IFF has published the GFDR report and it will be published annually at the IFF global meeting in the future,” said Zhuang Juzhong, IFF chief economist and former Deputy Chief Economist of the Asian Development Bank. “The report aims to provide an annual assessment of global economic trends and prospects, financial development and innovation, and to address long-term challenges and policy issues based on cross-national data, and ultimately promote international discussion and cooperation, âZhuang added.
The GFDR consists of three chapters:
Chapter 1: Global economic outlook, risks and political priorities. This chapter provides the latest updates on the COVID-19 pandemic and recent global economic development, and assesses the economic outlook, risks and political priorities. It encourages the global community to work together to accelerate immunization deployment and eliminate vaccine inequalities, ensure a smooth monetary policy transition, end trade tensions, promote green recovery and support low-income countries.
Chapter 2: Global Green Finance Development Index and ranking of countries. This chapter focuses on recent global green finance developments and launches GGFDI with country rankings. Developed jointly by the IFF and the Central University of Finance and Economics of China, GGFDI applies a quantitative measure of progress in green finance development at country level and focuses on three areas: policy and strategy, product and market, and international cooperation. The GGFDI also provides rankings in green finance development of the 55 largest economies in the world at the end of 2020.
Chapter 3: Roadmap towards global carbon neutrality and from China Actions. This chapter reviews and assesses measures to transform global energy systems and industrial sectors, as well as the policy measures needed to meet the 2 Â° C and 1.5 Â° C climate targets set by the Paris Agreement. It also sums up from China technical solutions and policy options to achieve dual carbon targets.
With the launch of GFDR and GGFDI, the IFF is encouraging more global discussions on the policies needed to end the pandemic, reduce risks to the global economic recovery, promote green investments, tackle climate change and make the more inclusive and sustainable development.
For the full report, please visit: http://iff.org.cn/uploads/2021GAM/GFAD-report20211202.pdf
SOURCE International Finance Forum (IFF)