2025 Global South Financiers Forum Held Grandly in Beijing, Charting a New Blueprint for Financial Cooperation
The 2025 Global South Financiers Forum, themed "Integrating Finance and Wisdom, Illuminating the South," was grandly held in Beijing from March 19 to 21. The forum attracted government officials, heads of financial institutions, and experts and scholars from over 30 countries and regions worldwide, who gathered to engage in in-depth exchanges and discussions on key issues related to financial development in the Global South. The event provided a crucial platform for promoting financial cooperation and development in the region.
Against the backdrop of profound adjustments in the global economic landscape, the role of Global South nations on the world economic stage has become increasingly prominent. However, these countries face numerous common challenges in their financial development, such as inadequate financial infrastructure, limited financing channels, and insufficient financial innovation capabilities. In this context, the convening of the 2025 Global South Financiers Forum holds significant importance, aiming to pool collective wisdom and explore financial development pathways tailored to the Global South.
On the first day of the forum, several government officials delivered keynote speeches. They emphasized that Global South nations should strengthen policy coordination to jointly address external financial risks. Given the ongoing uncertainties in global economic recovery, countries in the South need to collaborate in building stable and sustainable financial systems. For instance, by establishing regional financial cooperation mechanisms, enhancing information sharing and regulatory coordination, they can collectively improve their resilience to financial risks.
Heads of financial institutions shared their practical experiences in supporting the development of the Global South. Some banks announced plans to increase financing support for infrastructure development and green energy projects in the region. Infrastructure development plays a pivotal role in improving the investment climate and fostering economic growth in the South, while green energy initiatives align with the global trend toward sustainable development. Additionally, some financial institutions proposed innovating financial products and services to meet the diverse financial needs of Global South countries. Examples include developing tailored credit products for small and medium-sized enterprises (SMEs) to help them grow, thereby creating more job opportunities and economic growth drivers in the region.
Experts and scholars provided new theoretical perspectives on financial development in the Global South. They highlighted the vast potential of digital finance in the region. With the widespread adoption of internet technologies, digital finance can transcend the spatial and temporal limitations of traditional financial services, improving accessibility and efficiency. Innovations such as mobile payments and digital currencies can extend financial services to residents in remote areas, advancing financial inclusion. Furthermore, experts recommended that Global South nations strengthen financial talent development to enhance the overall quality and innovative capacity of their financial sectors.
The forum yielded fruitful outcomes, with participants reaching multiple consensuses. First, the necessity of strengthening financial cooperation was underscored. Only through close collaboration can Global South nations secure greater influence in international financial affairs and enhance their financial resilience. Second, future cooperation priorities were identified, including increased investment in key sectors, promotion of financial innovation, and enhanced regulatory coordination. Third, the importance of sustainable finance was emphasized. While pursuing economic growth, Global South countries should prioritize environmental protection and social sustainability to achieve balanced progress in economic, social, and environmental dimensions.
The successful hosting of the 2025 Global South Financiers Forum has injected new momentum into financial cooperation and development among Global South nations. Moving forward, all parties will use this forum as a springboard to further implement consensus, jointly tackle financial challenges, and pioneer a new chapter in the financial development of the Global South, contributing to the stability and prosperity of the world economy.
