The COVID-19 pandemic has caused a devastating health, economic and social crisis, while severely reducing momentum towards Sustainable Development Goals. Countries are at an important crossroads as they look to reset their economies and forge a path to a recovery that simultaneously tackles the climate and COVID crises. Growing impetus around addressing climate change will need the right policies and financial support for countries to properly harness the opportunities of a green low-carbon future.
Adding to that, the pandemic has not only exacerbated pre-existing inequalities between countries, but as they respond to the crisis, inequalities are exponentially rising. A good example is the vaccine roll out. Whilst the rapid development of vaccines offers all of us some hope, an equitable global roll out has proved a serious challenge.
In conversation with Axel van Trotsenburg, Managing Director of Operations at the World Bank, will look at the steps required for the recovery plan we need. Issues to be discussed include:
- Can international multilateral organisations play a bigger role to ensure global vaccine access?
- How can climate finance ensure the economic recovery is environmentally sustainable?
- Can initiatives such as COVAX be replicated in other fields to allow small- and medium-sized countries a greater say in the global agenda?
Axel van Trotsenburg
Managing Director of Operations at the World Bank
Axel van Trotsenburg oversees the World Bank’s operational programme and ensures that the Bank’s delivery model continues to meet the needs of client countries. This includes overseeing the Bank’s historic scaled up support to developing countries to respond to the global COVID-19 pandemic and crisis. He has previously held four vice president positions, two in operations and two in the Finance Complex. Van Trotsenburg is well-known for his work in co-leading the World Bank Group’s efforts to obtain the capital increase in 2018, which included an increase of the IBRD capital by $60bn, as well as the successful IDA replenishments, including the innovations around IDA18.
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