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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 takes the lead in solar heating in the Free State
2010-06-03

In the “engine room” of the solar heating system of the Vergeet-my-nie Residence with the big hot water tanks in the background. From the left are Mr Anton Calitz, Electrical Engineer of the UFS, and Mr Nico Janse van Renburg, Manager: Physical Planning at the UFS.
Photo: Leatitia Pienaar


The University of the Free State (UFS) took a further step in reducing its carbon footprint and its dependency on coal fired electricity with the installation of a solar heating system at one of its residences. The contractor handed the system over to the UFS on Wednesday, 2 June 2010.

The system installed at the Vergeet-my-nie Residence is the first commercial solar water heating project in both Bloemfontein and at the UFS. It is estimated that it will provide in 70% of the residence’s energy needs and save approximately R101 000 per annum in electricity cost. The project was completed at a cost of R2,4 million.

More residences at the UFS will be refurbished with solar systems as the existing heating systems in the rest of the twenty residences are due for replacement.

The energy crisis of 2008, and the challenges and necessity to reduce the use of electricity, sparked the initiative around the installation of solar heating systems at the UFS. The UFS is the second largest energy user in Bloemfontein.

Mr Nico Janse van Rensburg, Manager: Physical Planning at the UFS, says the management of the UFS saw an opportunity in the crisis and pro-actively embarked to become a market leader. Solar heating would not only alleviate the electricity problem of South Africa, but will impact the ever increasing electricity bill of the UFS.

“Protecting the environment and being on the cutting edge of technology are core issues to the UFS,” says Janse van Rensburg. “We are an educational institution and take pride in practicing what we preach.”

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

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