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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

I don’t see myself as a star, says Wayde
2016-09-20

Description: Wayde and Rynhardt celebration Tags: Wayde and Rynhardt celebration

The achievements of Wayde van Niekerk and his
fellow Kovsie athlete, Rynardt van Rensburg,
at the Olympic Games, were celebrated during
a celebration ceremony for them on
15 September 2016 in the Callie Human Centre.
Photo: Johan Roux

The environment surrounding him has changed a lot over the past few weeks, but Wayde van Niekerk doesn’t see himself as superstar. The 400 m Olympic champion is embracing being back home and is feeling the love of the Kovsie family that helped him reach great heights.

“I see this (the Bloemfontein Campus) as a place where I can find peace,” the University of the Free State (UFS) athlete said at a celebration ceremony on 15 September 2016 for him and fellow Olympian, Rynardt van Rensburg. The event celebrated their achievements after participation in the Olympic Games in Rio de Janeiro, Brazil. Their coaches, Tannie Ans Botha and Derek van Rensburg, were also honoured.

Van Niekerk looks ahead
“I am always excited to get back home,” Van Niekerk said. Everybody who means something to him is in Bloemfontein and on this campus. “I thank you for believing in me. I am only 24 years old and still have quite a few years left to keep on doing what I do.” He also conducted the official opening of the new KovsieFit gymnasium in the Callie Human Centre.

According to Prof Nicky Morgan, acting Vice-Chancellor and Rector, the attendees had “Wayde fever”. “We can’t really say thank you enough – at least for the association we have had with you (Van Niekerk) over the years.”

Rynardt didn’t expect best in Rio

 “I see this (the Bloemfontein Campus)
as a place where I can find peace.”

Van Rensburg reached the semi-finals in Rio and ran a personal best of 1:45.33 in the 800 m. “If we don’t have support, we won’t be able to do this,” he said.
Although his form was improving prior to the Olympics, he didn’t expect to run a personal best. “My dad (and coach) kept believing in me and telling me it is possible to do.”

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