Thread by @PuneIntCentre

Started: "Global Finance in a Post Covid-19 World"

It will cover:
"Economic damage, progress, what next and its time frame, and, assessing the response from the financial system today"
Mr. K. V. Kamath, Former President, New Development Bank is the session chair
@rameshmashelkar

"Governments have taken a double hit, tax side, as well as they are needing to spend more." Ms. Manuela Ferro, Vice President (Operations, Policy, & Country Services), World Bank

She is speaking at MEA-PIC #AsiaEconomicDialogue 2021

@rameshmashelkar @MEAIndia @WorldBank

"NPAs in the banking sector need attention. They are going to be a major risk in a financial system, especially the capacity of lending will be affected."
Mr. Shixin Chen, Vice-President (Operations 1), Asian Development Bank

@wto @doctorsumitseth @MEAIndia @rameshmashelkar

Sir Danny Alexander, Vice President & Corporate Secretary, @AIIB_Official speaks at #AsiaEconomicDialogue

'Falling GDP, increases in public debt, etc are some of the key challenges we are facing. The infrastructure sector has faced long-term consequences'
@rameshmashelkar @wto

"We need to think about managing the risk after digitalization. The digital divide will result in a rise in inequality.
This area of policy framing needs to be well-thought-of"

Mr. Shixin Chen, VP (Operations 1), @ADB_HQ at #AsiaEconomicDialogue
@rameshmashelkar @GBambawale

"We are all discovering sources of productivity.
Long-distance education is an area to build more upon. Digitalization requires basic needs like stable electricity. Yet it is not yet available in many parts of the world"
Ms. Manuela Ferro of @WorldBank
@rameshmashelkar @MEAIndia

"There are lessons to be learnt from the crisis.
A major global crisis coming our way is #climatechange. The unhealthy interaction between humans & nature impacts the climate" - Sir Danny Alexander, VP @ADB_HQ at #AsiaEconomicDialogue @rameshmashelkar @GBambawale @MEAIndia

Ms. Manuela Ferro, VP, @WorldBank at #AsiaEconomicDialogue

"What has been a good lesson from the crises is that most governments recognized the need for determined actions.
Only a monetary stimulus is not enough to solve crises like the pandemic."

@rameshmashelkar @MEAIndia

"Structural reforms could be a fundamental way of the game change. For instance, 'how to support developing countries to mobilize domestic resources.' could be an area to explore."
Mr. Shixin Chen, VP (Operations 1), @ADB_HQ

@rameshmashelkar @GBambawale
#AsiaEconomicDialogue