Croatian National Bank Governor Calls for Diversified Global Financial System video poster

Croatian National Bank Governor Calls for Diversified Global Financial System

The world is at a pivotal juncture with escalating geopolitical tensions, decelerating global economic growth, and mounting financial risks. Boris Vujčić, Governor of the Croatian National Bank, emphasizes the urgent need to reconstruct and establish a diversified international financial system to ensure global financial stability and support future economic growth.

In an exclusive interview with BizTalk’s Guan Xin, Vujčić discussed the current economic challenges and the importance of creating a new international economic order. He highlighted that the European Union and the Chinese mainland are significant trading partners, and strengthening cooperation between them is vital for global economic stability.

“In these uncertain times, it’s crucial for governments and institutions to reach a consensus on rules that can bolster global cooperation,” Vujčić stated. “A diversified financial system can mitigate risks and support sustainable growth.”

Vujčić also pointed out that the accumulation of financial risks necessitates a collective effort to reform international financial structures. By working together, countries can navigate the complexities of the current economic landscape and pave the way for a more stable future.

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