Banking and Finance

Prof. Dr. Mehmet Şükrü Tekbaş, (Member of the Honorary Board, ICP) moderated the Banking and Finance panel, which included speakers John Tonelli (Managing Director, Head of Debt Capital Markets & Syndication, Oppenheimer & Co Inc), Murat Salar (General Manager, Azimut Portfolio), Uğraş Ülkü( Head of CEEMEA Research, Institute of International Finance),  Doğan Şahin (Founder, Kripto Manşet) and Dr. Hakan Avdan (Member of the Executive Board, ICP / Senior Advisor, UNDP) with the topic Banking and Financial Markets in the Post-Pandemic Uncertainty Era Triggered by Rising Energy and Low Material Prices.

The Covid-19 pandemic is causing chaos on developing economies, posing a financial danger to efforts to build a more sustainable world and meet the Sustainable Development Goals by 2030. Furthermore, affected by tax and non-tax revenue, low and middle-income countries' domestic financial resources are expected to suffer as the health sector's economic activity grows.

Since the Covid-19 pandemic reminds us of our global ties and mutual needs when it comes to addressing global challenges, international cooperation with an emphasis on working together, rather than leaving people behind, is necessary to overcome the pandemic. If we do not want to erase the gains made toward eliminating poverty and achieving the Sustainable Development Goals, we must be cautious in applying the lessons learned from Covid-19. Nevertheless, if we do not address the disparities caused by the Covid-19 pandemic, we risk worsening global crises.

We can rebuild better while leaving no one behind, and with proper risk management that considers social, economic, and environmental factors, as well as their implications, to gain a better knowledge of the climate change and migration.