Economic Recovery: Toward a Green, Resilient, and Inclusive Future
As countries rebuild their economies after COVID-19, it is fundamental that they see this as a unique opportunity to lay the foundation for a green, resilient, and inclusive future. These efforts were the theme of the event kicking off the Spring Meetings on Tuesday, Economic Recovery: Toward a Green, Resilient, and Inclusive Future.
World Bank Group President David Malpass outlined the major challenges facing the world, including COVID, climate change, rising poverty and inequality, and growing fragility and violence. U.S. Treasury Secretary Janet Yellen encouraged developed economies to continue to support a global recovery. She also highlighted the importance of helping developing countries meet their climate goals along with their development objectives, adding that the availability of green finance will be critical. IMF Managing Director Kristalina Georgieva was also part of the conversation with Malpass and Yellen, pointing out that climate risks are a growing threat to the world’s macroeconomic and financial stability.
Other speakers at the event, discussing themes of sustainability, innovation, and inclusion, were ministers from Cambodia and Egypt, youth, business owners, and civil society representatives. Melinda Gates issued a call to put women and girls at the center of the recovery, and Grammy-nominated singer Somi ended the event with a song, “Changing Inspiration.”
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