PR93469

GUANGZHOU, China, Dec. 4, 2021 /PRNewswire=KYODO JBN/--

International Finance Forum (IFF)<http://www.iff.org.cn/php/list.php?tid=240>

today released the Global Finance and Development Report 2021 (GFDR) and Global

Green Finance Development Index (GGFDI) along with country rankings.

"This is the first year that IFF is releasing the GFDR report and it will be

released annually during IFF global meeting in the future," introduced Zhuang

Juzhong, chief economist of IFF and a 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

address long-term challenges and policy issues based on cross-country data, and

eventually, promote international discussion and cooperation," added Zhuang.

The GFDR consists of three chapters:

Chapter 1: Global economic outlook, risks and policy priorities. This chapter

provides the latest updates on the COVID-19 pandemic and recent global economic

development, and assesses the economic outlook, risks, and policy priorities.

It encourages the global community to work together to speed up the vaccination

rollout and eliminate vaccine inequality, 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 country rankings. This

chapter focuses on recent global developments of green finance and launches

GGFDI with country rankings. Jointly developed by IFF and the Central

University of Finance and Economics in China, GGFDI applies a quantitative

measure of progress in developing green finance at the 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 world's 55 largest economies as of the end of 2020.

Chapter 3: Roadmap to global carbon neutrality and China's actions. This

chapter reviews and assesses the measures on transformation of global energy

systems and industrial sectors, and policy measures required to achieve the 2°C

and 1.5°C climate targets set by the Paris Agreement. It also summarizes

China's technical solutions and policy options for achieving dual carbon goals.

With the launch of GFDR and GGFDI, IFF is encouraging more global discussions

on policies needed to end the pandemic, reduce risks to the global economic

recovery, promote green investment, fight against climate change, and make

development more inclusive and sustainable.

For the full report, please visit:

http://iff.org.cn/uploads/2021GAM/GFAD-report20211202.pdf

SOURCE: International Finance Forum (IFF)