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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

Special Edition of the Journal for New Generation Sciences launched at UFS
2016-10-26

Description: Journal for New Generation Sciences launched  Tags: Journal for New Generation Sciences launched

Participants of the round-table discussion
at the launch of the Journal for New Generation
Sciences during the UFS Faculty of Education
colloquium which took place on 20 October 2016.
Photo: Oteng Mpete

The Journal for New Generation Sciences Special Edition was launched on 20 October 2016, at the Albert Wessels Auditorium, during the University of the Free State’s (UFS) Faculty of Education colloquium on the field of technological higher education and its contribution to the knowledge society.

Partnerships and knowledge production

Prof Laetus Lategan, Dean of Research and Innovation at the Central University of Technology (CUT), led the launch. “Higher education is not only about producing knowledge but it is also about fostering new relationships,” said Prof Lategan referring to CUT’s collaboration with the UFS Faculty of Education.

“Empowering people is important for capacity building, offering novice writers the opportunity to learn and a way to enhance their academic writing,” said Prof Lategan.

The Journal for New Generation Sciences is an accredited research publication in which scholars, internal and external to the institution, may publish. It accommodates national and international publications and showcases the university’s commitment to applied research.

Growing in leaps and bounds
According to Dr Somarie Holtzhausen, from the Faculty of Education’s School of Higher Education Studies, all papers are peer-reviewed by at least two experts. An editorial review also secures the quality of the paper. In 2014, when the journal was established, 30 contributions were submitted, although only 25 were successfully published.

“We turn down content not because it is not good, but unfortunately because it does not speak to the heart of the journal,” said Prof Lategan. With 60 peer reviewers, the journal’s contributors are assured that at least two peer reviewers will assess their article.

The Journal for New Generation Sciences supports both high-quality scholarly work of established researchers, and capacity building among new researchers.

During the round-table discussion various contributors to the journal spoke about their research and involvement in the publication of the journal.

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