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World Alliance of International Financial Centers (WAIFC) Board Member and Qatar Financial Centre (QFC) CEO Yousuf Mohamed Al Jaida has said that preparing for the aftermath of the COVID-19 pandemic was as important as the strict containment measures.
Jaida stressed that trade was an integral component of global economic recovery, and governments, working with organisations such as WAIFC, must start building economic infrastructure that supports steady and inclusive recovery.
Encouraging countries to scale up investments and continue to develop digital infrastructures, WAIFC said, “During the phases of lockdowns, we have experienced the importance of digital services in finance and beyond. The alliance urges governments and regulators to coordinate their response to the pandemic. Firms will need space and regulatory assistance to focus on meeting the challenges ahead. Countries must avoid the self-defeating lure of protectionism and work together to open trade and investment constructively and sustainably for our economies.”
In the long run, the alliance saw that it was essential to reconsider economic models and give a new priority to long-term perspectives, innovative business models, sustainable economies, and environmental and social considerations. (TNN)
Jaida stressed that trade was an integral component of global economic recovery, and governments, working with organisations such as WAIFC, must start building economic infrastructure that supports steady and inclusive recovery.
Encouraging countries to scale up investments and continue to develop digital infrastructures, WAIFC said, “During the phases of lockdowns, we have experienced the importance of digital services in finance and beyond. The alliance urges governments and regulators to coordinate their response to the pandemic. Firms will need space and regulatory assistance to focus on meeting the challenges ahead. Countries must avoid the self-defeating lure of protectionism and work together to open trade and investment constructively and sustainably for our economies.”
In the long run, the alliance saw that it was essential to reconsider economic models and give a new priority to long-term perspectives, innovative business models, sustainable economies, and environmental and social considerations. (TNN)
