Annual Conference – Boao Forum for Asia

23 April 2021 Current Affairs:The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference was held in Boao. Boao is the Hainan Province of South China. This year’s BFA will celebrate its 20th anniversary.

Highlights:
♦ The forum witnessed more than 2500 participants from more than 60 countries. The theme for the year is A Changing World: Join Hands to Strengthen Global Governance and Promote Belt and Road Cooperation.
♦ The main agenda is to strengthen mutual understanding in the post-pandemic era and create more incentives for overall socioeconomic growth and effective global governance.
♦ An annual report on the Asian economy was released at that time, which emphasized the importance of the Asian economy that continues to develop despite the epidemic.
♦ The Boao Forum for Asia (BFA) is an international non-profit organization that was co-sponsored by 26 member states in 2001. Now the number of members has increased to 29. India is also a member of the BFA.
♦ The establishment of the Boao Forum for Asia is modelled on the lines of the World Economic Forum which bases its annual meeting in Davos-Klosters, Switzerland.