Kristalina Georgieva : How to rebuild the global economy

Kristalina Georgieva·TED2020

How to rebuild the global economy

Summary

The speaker, Kristalina Georgieva, is a Bulgarian economist and the head of the International Monetary Fund since last October 2019. She was working before the World Bank Group, thus she explained how to use money in this coronavirus spreading. The economy is standing still around the world. Especially, poor countries must suffer. If we do nothing, farms are going to go massively bankrupt, people would be unemployed, the economy would be scarred, and it’s going to make the recovery more difficult.

IMF is rapidly doing the financial injection, monetary policy stimulus, and various help. It did a bent moratorium for the poorest countries to their official bilateral creditors. Inflation is also worried

It’ll take time for recovery, even in 2021, it won’t be a full recovery, but partial. The speaker suggests that preparing for a crisis, seeking help, offering help, and working together are important. It’s amplified. IMF is addressing a better diagnosis, protection, and help. After the coronavirus, it doesn’t go unequal, but it should be fairer, equitable, and a more sustainable world. The speaker tells us that worries won’t help and positive action will.

P.S. l didn’t miss the speaker’s great answer!! She said that let me say something, we need everyone and we need this mixture of experience, knowledge, and predisposition when Chris asked that women are better at handling nuance. It’s not fair that the cause of success and failure is whether you are a man or a woman.

Words in the story

moratorium / legally authorized delay in the payment of money due, abandonment of debts; temporary cessation of an activity (especially when dangerous or harmful)