Global economic governance reaches a “Asian moment,” pressing need for development financing BFA 2023

Boao Forum for Asia (BFA) conference held in China, which focused on the theme of “Asia’s New Horizon: Unleashing the Potential of the Asian Century.” The article suggests that the global economic governance system is shifting towards an “Asian moment,” as Asian economies continue to grow and gain more influence in the global economy.

The article highlights several key takeaways from the BFA conference, including the need for greater cooperation and coordination among Asian countries to address global challenges such as climate change and pandemics. The article also notes that the Belt and Road Initiative, China’s ambitious infrastructure development program, was a major topic of discussion at the conference.

Overall, the article suggests that the BFA conference highlighted the growing importance of Asia in the global economy and the need for greater cooperation and coordination among Asian countries to address global challenges.

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