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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

Kovsies welcomes first-years into the fold
2015-01-20

Three first-year students from the Kestell residence that attended the first-year welcoming.
Photos: Johan Roux


 

Few life experiences are as exciting as becoming part of a university. On Friday 16 January 2015, Kovsies embraced our first-year students into our family after great anticipation.

That evening, first-years and their parents streamed to the Red Square on our Bloemfontein Campus where they were formally welcomed. This event also served to kick off the 2015 Gateway Programme – an orientation programme for all our first-years.

Dr Choice Makhetha, Vice-Rector: External Relations, addressed the first-years and congratulated them on their excellent matric results.

“The fact that you are here is a testimony to the level you are able to work at,” Dr Makhetha said.“You will have fun and make friends at the UFS. Your friends will be from different backgrounds and speak different languages than you. Embrace it all. You are now a part of the UFS family.

President of the Student Representative Council (SRC), Mosa Leteane, also reassured first-years that they are where they belong – at a university that inspires excellence.“This is the only space where the university’s international relations give opportunity to first-years to travel abroad with our F1 Leadership for Change Programme,” Leteane said. “It is the only space where the rector openly talks to his students, without having an appointment. It is the only space in our country where no student goes hungry due to our No Student Hungry (NSH) Programme.”

The following evening provided a spectacular live show with well-known artists Karen Zoid and Vusi Mahlasela entertaining the crowd. They performed alongside the Free State Symphony Orchestra (FSSO) that added even more dazzle to this Gateway/NSH first-years concert.

On Saturday 17 January, the new-comers had an opportunity to visit their respective faculties and get to know the staff and facilities a bit better.

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