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Day 3 - 2020 IMF Meetings: October 14 Briefing

IMF Meeting
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EDITOR NOTE: Today’s IMF meeting agenda will feature a conversation between IMF Managing Director Kristalina Georgieva  and Melinda Gates. As with the past day’s agendas, the topics are presented in a solution-driven format. Yet, the summary reports from each meeting present the same bleak scenarios pointed enough to rival the most vocal of doom-and-gloom propagandists. The IMF is limited in whatever it can do to support countries with the most dire financial needs. Austerity, debt forgiveness, or SDRs. Everything else falls short, making these meetings a fancy show for ineffective solutions, lots of virtue display, and growing resentment among many toward each other.

Welcome to the latest briefing on the 2020 Annual Meetings. Today we launch our latest Fiscal Monitor report, spotlight Morocco's experience tackling COVID-19, debt and debt management in developing countries, mobile money during the pandemic, a live conversation this afternoon between Kristalina Georgieva and Melinda Gates, and much more. On that note, let's get started.


Today's featured media partners is AllAfricathe largest African news & information platform on the internet with over 5 million articles dating back to 1996. Try their no-obligation, free one-month trial.


TODAY'S AGENDA (WEDNESDAY, OCT 14)

7:00 AM EDT: Governor Talk: Moroccan Experience in Response to the COVID-19 Crisis

As part of the Governor Talks series, Mohamed Benchaaboun, Minister of Economy and Finance of Morocco is in discussion with Jihad Azour, Director of the Middle East and Central Asia Department, IMF.

8:00 AM EDT: Press Briefing: Fiscal Monitor (FM)

The October 2020 FM examines countries’ experiences managing the crisis and discusses what governments can do in the different phases of the pandemic to save lives, reduce the impact of the recession, and revive growth and job creation.

"As economies begin to recover, governments should seize this moment to move away from the pre-crisis growth model and accelerate the transition to a low-carbon and digital economy.  Carbon pricing should be a key feature of this transition, because it encourages people to reduce energy use and shift to cleaner alternatives—and, moreover, it generates revenue that can be used in part to support the most vulnerable," write the IMF's Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture in a new blog.

Speakers include Vitor Gaspar, Director, Fiscal Affairs Department, IMF; Cathy Pattillo, Assistant Director, Fiscal Affairs Department, IMF; and Paolo Mauro, Deputy Director, Fiscal Affairs Department, IMF. The event will be moderated by Ting Yan, Communications Officer, Communications Department, IMF.

FM

8:00 AM EDT: IMF CD on Debt and Debt Management

Against the backdrop of rising debt levels in low-income countries, exacerbated by the COVID-19 pandemic, this talk will highlight the ongoing efforts to strengthen countries’ capacity to manage debt vulnerabilities and mitigate fiscal risks.

Speakers include Roger Nord, Institute for Capacity Development, IMF; Peter Breuer, Monetary and Capital Markets Department, IMF; Oana Croitoru, Institute for Capacity Development, IMF; Clement Ncuti, Statistics Department, IMF; Marcos Chamon, Strategy and Policy Review Department, IMF; and Amanda Sayegh, Fiscal Affairs Department, IMF.

9:00 AM EDT: Analytical Corner: Technology in a New World

Session 1: Digitalization and the Fight Against COVID-19 in Sub-Saharan Africa
Session 2: IT Shields: Technology Adoption and Economic Resilience During the COVID-19 Pandemic
Session 3: Mobile Money and COVID-19: Opportunities and Challenges

10:15 AM EDT: IMF Managing Director Press Briefing

Managing Director Kristalina Georgieva and First Deputy Managing Director Geoffrey Okamoto give an overview of the global economy and institutional priorities, and answer questions from the press. This event will be moderated by Gerry Rice, Director, Communications Department, IMF.

12:30 PM EDT: Conversation Between Melinda Gates & Kristalina Georgieva

Overcoming the pandemic requires investments—in testing, therapeutics, and vaccines—and global cooperation. Moderated by Becky Anderson, Anchor, CNN International, this special event will feature Kristalina Georgieva and Melinda Gates. Interested in some background reading on this topic? Click here for our recommended reading list (PDF).

Originally posted on IMF.org

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