G20 GLOBAL FINANCIAL STABILITY CONFERENCE 2021
MOEF Hosts G20 Global Financial
Stability Conference 2021
The Ministry of Economy and Finance and Korea Development Institute (KDI) co-hosted on September 7 the G20 Global Financial Stability Conference 2021, where about 300 participants from home and abroad discussed policies to ensure global financial stability and support solid growth, as well as exploring strategies for post-pandemic financial markets and systems. The conference consisted of three sessions:
1) The Global Financial Stability Risks and Policy Coordination in the Pandemic Era
2) The Digital Currency and their Macro-Financial Implications
3) Post-Pandemic International Financial Market and System
In his opening remarks, 1st Vice Minister Lee Eog-weon highlighted three features that should be put at the center of G20 cooperation in seeking global financial market stability and sustainable growth, saying that uneven recoveries are casting a dark shadow on the global economy.
1) G20 should provide communication channels via which measures to support fast global recovery, including a rapid vaccine rollout and an orderly exit from current policies, can be discussed.
2) G20 must play a key role in global financial cooperation and must lead discussions about global financial stability.
3) G20 must provide a platform to address new challenges to the post-covid international financial system.
Policy suggestions offered during the conference will be carefully reviewed for discussions which will be held at the G20 Finance Ministers’ Meeting and G20 Summit, scheduled in October 2021.
Please refer to the attached pdf