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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

UFS bids Dr Franklin Sonn farewell
2010-06-01

Attending the Chancellor's Dinner were, from the left: Judge Ian van der Merwe, Chairperson of the UFS Council; Dr Franklin Sonn, former Chancellor of the UFS; and Judge Faan Hancke, former Chairperson of the UFS Council.
Photo: Stephen Collett


The University of the Free State (UFS) bade its former Chancellor, Dr Franklin Sonn farewell during the Chancellor’s Dinner that was hosted on the Main Campus in Bloemfontein recently.

Dr Sonn held this office from 2002 and retired as Chancellor of the UFS on 31 December
2009.

“Dr Sonn lent dignity and stature to the position of Chancellor and to the UFS. Although this position is mainly ceremonial, he made deciding contributions to important decisions by the UFS and the strategic direction of the institution. We thank him for this,” Judge Ian van der Merwe, Chairperson of the UFS Council said.

In a tribute to Dr Sonn, Judge Faan Hancke, former Chairperson of the UFS Council said that he was a remarkable person. “His versatility is clear from the fact that he is currently the chairperson of seven listed companies. He is, amongst others, the patron of the Klein Karoo National Arts Festival, trustee of the Desmond Tutu Freedom Trust and former South African Ambassador to the USA.”

Dr Sonn holds 12 honorary doctorates; has been nominated by the Afrikaanse Handelsinstituut (AHI) as community leader of the year for 1999; received the national award from President Thabo Mbeki known as the “National Order Counsellor of the Baobab Silver” in 2008, as well as the award “International Salute Award in Honour of Dr Martin Luther King Jnr” – “For working to Keep the Dream Alive” – in January 1996. He was the Rector of the Peninsula Technikon and is also a former President of the AHI, Chairperson of the “United States – South African Leadership Exchange” and former member of the SABC Board.

Judge Hancke said that Dr Soon lent new prestige and status to the office of Chancellor and as such showed unbelievable loyalty towards the UFS. “He was a role model for all. Our best wishes accompany him and his wife, Joan,” he said.

The UFS Council will appoint a new Chancellor on Friday, 4 June 2010.

Media Release
Issued by: Lacea Loader
Director: Strategic Communication (acting)
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za  
1 June 2010
 

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