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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

Lunch-time lecture on the subject of contested memories
2011-08-23

 

Guests at the lecture from the left: Dr. Sheila Aronstam, a former UFS Council member; Dr. Eva Hoffman and Henya Bryer a survivor of the Holocaust
Photo: Amanda Tongha

Acclaimed Polish author and academic Dr Eva Hoffman visited the University of the Free State’s (UFS) Bloemfontein Campus on 16 Augustus 2010 to deliver a lunch-time lecture on the subject of contested memories.

Speaking about the after-effects of unjust violence on second-generation Holocaust survivors, Dr Hoffman drew some parallels between the history of Eastern Europe and that of South Africa, stating that with some categories of conflict and prejudice the context in this region of the world might not be too remote. Dr Hoffman, born to Jewish parents who survived the Holocaust, told the audience that in most instances the past was still alive in the present.
 
Talking about traumatic memories, Dr Hoffman revisited her family’s suffering during the Holocaust and stated that the second generation lives with the paradoxes of indirect knowledge. According to her there has to be acknowledgment of the injustice to put the conflict and tension inherited from a repressed history truly to rest. Referring to the work of the Truth and Reconciliation Commission (TRC), she said wrongs could not be forgiven until they were admitted. 
 
Dr Hoffman, who is the author of books such as Lost in Translation: life in a new language and Stetl: the life and death of a small town and the world of Polish Jews, praised the university for being on the forefront of social issues in democratic South Africa.

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