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Home›International Banking Facility›IBF kicks off in Istanbul with concentrate on coronavirus

IBF kicks off in Istanbul with concentrate on coronavirus

By Sophia Jacob
November 20, 2020
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ISTANBUL

The twenty third Worldwide Enterprise Discussion board (IBF) kicked off in Istanbul on Thursday with the theme “The Economic system of Viruses”.

The IBF, which entails businessmen from 25 international locations this 12 months, has targeted on the pandemic and its results on the worldwide economic system.

Erol Yarar, the pinnacle of the IBF, mentioned throughout his opening speech that diagnoses have to be made accurately for therapy.

“Life on earth has became a disaster that it has by no means recognized for a century,” he famous on the IBD, organized as a part of the Expo 2020 of the Affiliation of industrialists and impartial businessmen (MUSIAD) which opened on Wednesday.

Noting that the second wave of the pandemic is worse than the primary, Yarar mentioned financial measures ought to proceed.

“Inflation shouldn’t be a precedence now. The precedence is to maintain companies alive, ”he mentioned.

“There isn’t any going again if companies shut.”

Abdurrahman Kaan, the president of MUSIAD, mentioned that not all international locations had been ready for the pandemic.

The day-to-day transition from the G-20 to the G-2, made up of the US and China, is a grave hazard to all different gamers within the international economic system, he famous.

“Within the new interval, we must always create a vital and customary political place for the reorganization of the principle establishments of the world system, such because the G-20, the World Financial institution, the Worldwide Financial Fund and the World Commerce Group.”

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