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28 January 2021 | Story Dr Nitha Ramnath | Photo Sonia Small
Prof Phillippe Burger.

The COVID-19 pandemic has disrupted the entire world, claiming more than two million lives and sparing no region. The world is confronted with urgent unsolved challenges, with the poor and vulnerable populations, low-skilled workers, and refugees most affected. 

These challenges will be addressed by the Lancet COVID-19 Commission and its various task forces, one of which is the Fiscal Policy and Financial Markets task force. Prof Philippe Burger, Professor of Economics and Pro-Vice-Chancellor: Poverty, Inequality and Economic Development at the University of the Free State, serves as a member of the commission’s Fiscal Policy and Financial Markets task force. The eleven members of the task force include two Nobel prize laureates in economics, as well as academics and public-policy specialists from across the world, under the co-chairpersonship of Dr Vitor Gaspar (Director of the Department of Fiscal Affairs at the IMF) and Prof Felipe Larraín (Professor of Economics, Pontifical Catholic University of Chile and former Minister of Finance of Chile).

The commission is an interdisciplinary initiative across the health sciences, business, finance, and public policy, and was created to help speed up global, equitable, and lasting solutions to the pandemic. The work of the commission is divided into 12 task forces, each composed of members from diverse disciplinary interests, geographies, and identities. These task forces provide support in areas ranging from vaccine development to humanitarian relief strategies, to safe workplaces, to global economic recovery. 

Key aims of the commission is to speed up awareness and the worldwide adoption of strategies to suppress transmission, as well as to ensure that COVID-19 vaccines and key technologies are equitably accessible across the world.

The Fiscal Policy and Financial Markets task force will consider fiscal and financial issues related to the pandemic affecting advanced, emerging market, and developing economies. Based on evidence and best practices, the task force will provide recommendations on managing the effects of the pandemic and will also manage the transition to a resilient, smart, inclusive, and green growth path. Issues related to fiscal sustainability as well as debt relief in poor countries are on the task team’s agenda.

Many multilateral institutions such as the WHO, the IMF, the World Bank, the Food and Agricultural Organisation of the UN, the UN World Food Programme, the UN Educational, Scientific and Cultural Organisation, the Organisation for Economic Co-operation and Development, and others face profound challenges in undertaking their crucial missions to coordinate the global response to the pandemic. The Lancet COVID-19 Commission also aims to make recommendations to strengthen the efficacy of these critical institutions. Moreover, the commission reaches out to regional groupings, including the African Union, the Association of Southeast Asian Nations (ASEAN), the Southern Common Market (MERCOSUR), and others, to support the efforts of these bodies in fighting the pandemic. 

The Lancet COVID-19 Commission and its task teams include leaders in health science and healthcare delivery, business, politics, and finance from across the world. They volunteer to serve in their individual capacities – not as formal representatives of their home institutions – and will work together towards a shared and comprehensive outlook on how to stop the pandemic and how best to promote an equitable and sustainable recovery. 

News Archive

Phemelo crowned Miss Free State 2017
2017-06-09

Description:Mej Vrystaat, Phemelo Lekale Tags: Mej Vrystaat, Phemelo Lekale

Phemelo Lekale, a second-year BCom Accounting
student at the University of the Free State, is the
newly crowned Miss Free State 2017.
Photo: Wiaan Coffee Photography

“To me, this pageant is about empowering young women. It helped me realise my strengths and weaknesses; it taught me how I can overcome my weaknesses and use my strengths to the best of my ability.”

This is exactly what second-year BCom Accounting student Phemelo Lekale sets out to do during her reign as Miss Free State 2017.

Bring about change and make a difference

The Miss Free State pageant aims in assisting young women to reach out to their communities and charities to bring about change. The pageant also aims to make a difference in somebody’s life.

Phemelo, who takes over from last year’s Kovsie winner Mienke van Rooyen, said that she needed to grow and learn as an individual, and that is exactly what the Miss Free State platform gave her.

Excited about the opportunities lying ahead

When the announcement was made, Phemelo was filled with so many mixed emotions she only realised she was the new Miss Free State when Mienke handed over the sash. “It felt like someone was saying ‘yes, I believe in you and the vision that you proposed to bring to the table’.”

Phemelo said she was excited about the opportunities that came with being Miss Free State and the impact that this brand would have on society. “By the end of my reign, I won’t be the same woman I was when I entered and neither will I be the same woman I was when I won the crown.”

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