Strategy of Recovery

Looking ahead, the full economic impact of the pandemic over the last six months is still uncertain, but economists agree that members of the transatlantic community are likely headed toward a recession. How severe and how long this next crisis lasts depends on what policies and plans are put in place today on both a national and supranational level. Answering this common crisis, the International Monetary Fund (IMF) has proposed a recovery plan with the challenges of climate change in mind, known as “Greening the Recovery.” The strategy aims to encourage policymakers to create plans with the environment in mind to build resilience and long-term stability.

CEPA held a fireside chat with IMF Managing Director Kristalina Georgieva to discuss the economic impact of the pandemic, the expected effect on the transatlantic community, and IMF’s “Greening the Recovery” plan.