The interconnected challenges of recovery, climate change and inequality
Join live our #KAPTalks with Kristalina Georgieva, head of IMF who will discuss with Jeffrey Sachs interconnected challenges of recovery, climate change and inequality. The event will be hybrid, physical and online. Join us on 21st September at 14:30 CET / 12:30 GMT. The lecture is hosted by the SDSN / Columbia University.
The COVID-19 pandemic has had a profound impact on our world and caused a devastating economic and social disruption. An especially heavy blow was dealt to emerging markets and developing economies (EMDEs). These countries now face the challenge of containing the virus and at the same time ensuring an inclusive recovery. This creates a need for effective policies that would allow the EMDEs to build back better.
The COVID-19 pandemic has also significantly exacerbated existing inequalities with 120 million people being pushed into extreme poverty. It is crucial to reduce discrimination and inequality everywhere to have a successful recovery since we cannot have macroeconomic and financial stability without social sustainability.
These challenges are aggravated by climate change—a crisis that can cause even greater destruction than the pandemic. There is an urgent need to find pathways to reach net-zero emissions at the global level and ensure a just transition that leaves no one behind.
During this lecture at the 9th Annual International Conference on Sustainable Development (ICSD), Kristalina Georgieva, the Managing Director of the International Monetary Fund, and Jeffrey Sachs, the Director of the Center for Sustainable Development at Columbia University and a world-renowned economics professor, will discuss the above-mentioned interconnected challenges of recovery, climate change and inequality.
Introduction will be delivered by Jutta Urpilainen, European Commissioner for International Partnerships.
Kristalina Georgieva currently serves as Managing Director of the International Monetary Fund, a position she was selected for on September 25, 2019 and has served as since October 1, 2019. Before joining the Fund, Ms. Georgieva was CEO of the World Bank from January 2017 to September 2019, during which time she also served as Interim President of the World Bank Group for three months. Previously, Ms. Georgieva helped shape the agenda of the European Union while serving as European Commission Vice President for Budget and Human Resources. In this capacity she oversaw the EU’s €161 billion (US $175bn) budget and 33,000 staff, as well as the EU’s response to the Euro Area debt crisis and the 2015 refugee crisis. Before that, she was Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, managing one of the world’s largest humanitarian aid budgets.
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