The Governor of the Bank of Italy, Ignazio Visco, and the Minister of Foreign Affairs and International Cooperation, Angelino Alfano, inaugurated the Eleventh Annual Bank of Italy-MFAIC Conference held today at Palazzo Koch in Rome.
The agenda was divided into three sessions dealing with the long-term implications for global prosperity of some recent developments in the international scenario of political and trade relations. The first session covered international economic and financial relations following the recent US trade measures, the growing role of China in the world economy and the role of the other important regional economies. The second session looked at the European Union’s post-Brexit economic and trade strategies and the new global context. The third and final session analysed the possible responses to the current lack of confidence in the internationalization process, as well as the role that international institutions and the G7 and G20 forums can play.
The Governor said that ‘Europe and Italy need a stable geopolitical environment and a strong multilateral setup for economic cooperation to sustain world economic growth and effectively manage the challenges of globalization. We need to understand, however, that we cannot isolate ourselves from the technological and economic changes under way. The more a country can adapt to the demands of technological change and of economic globalization, the more it can seize the opportunity to grow’.
The meeting provided scope for debate among Bank of Italy and MFAIC experts on political, economic and financial topics of national interest. The profound political, trade and financial changes at global level have increased the need for analysis and for cooperation between the two institutions through the network of the financial attachés and heads of our diplomatic and consular representations.
