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Just months after assuming her role as managing director of the International Monetary Fund, Kristalina Georgieva faces the COVID-19 pandemic and its enormous economic shocks. Learn how the IMF is responding to the crisis and how Georgieva envisions the socioeconomic recovery in this lengthy conversation with TED curator Chris Anderson and TED current affairs curator Whitney Pennington Rodgers. Be sure to stay for the final minutes, when Georgieva shares some inspiring remarks on ensuring equitable outcomes after the pandemic ends.

Summary

The COVID-19 pandemic has resulted in unprecedented economic shocks around the world.

Efforts to control the COVID-19 pandemic have taken an extraordinary economic toll. In “the Great Lockdown,” businesses stopped producing and consumers reined in their spending. The financial shocks swiftly changed companies’ and individuals’ economic standing. In January 2020, the International Monetary Fund projected that 160 countries would show growth in per capita income. Yet by May 2020, 170 countries were experiencing negative per capita growth – an outcome economists call “the Great Reversal.”

To manage through such uncertainty, the IMF has had to integrate epidemiologists’ projections into its usual macroeconomic modeling. More than 90 nations have requested assistance from the IMF, which, by May 2020...

About the Speakers

Kristalina Georgieva, PhD, directs the International Monetary Fund. Chris Anderson is the curator and head of TED, where Whitney Pennington Rodgers is current affairs curator.


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