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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

Mr Naka Drotské is Kovsie Alumnus of the Year
2006-03-03

Alumni of the University of the Free State (UFS) appointed Mr Naka Drotské as Kovsie Alumnus of the Year 2005.

The award is made to Mr Drotské for the professional way in which he led the Cheetah Rugby Team last year.  This played a determining role in the team’s 2005 Currie Cup victory.

The Cum Laude Award, made from time to time to any alumnus for outstanding service or achievement at local, national or international level in his/her specific career domain, will be awarded to Mr Harold Verster (president of the Free State Rugby Union). 

Mr Verster receives the award for the role he played in the inclusion of the Vodacom Cheetahs as Super 14 team, as well as for his leadership that contributed to the success of the Cheetah Rugby Team in 2005.

 Prof Johan Henning, Dean: Faculty of Law at the UFS, receives the Kovsie Alumni National Management Award for Exceptional Service.  This award is made from time to time to an individual who has rendered exceptional service to the UFS. 

 Prof Henning receives this award for his role in the expansion and development of the Faculty of Law as academic, centre head, department head and, especially, as dean.

 The award ceremony will take place on Friday 10 March 2006 during a Gala Award Banquet in the Reitz Hall of the UFS Centenary Complex on the Main Campus in Bloemfontein.  

 All alumni of the UFS are welcome to attend the function.  The guest artist is Matthys Roets and the entrance fee of R80 per person includes a three course meal.  

Those who are interested can contact Ms Jeannette Boshoff-Jansen at (051) 401-3594 or alumni@mail.uovs.ac.za.

Media release
Issued by: Lacea Loader
Media Representative
Tel:   (051) 401-2584
Cell:  083 645 2454
E-mail:  loaderl.stg@mail.uovs.ac.za
3 March 2006

 

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