Public Investment for the Recovery – Fiscal Monitor

Tuesday, November 3, 2020 at 14:00-15:30 Vienna time (CET)

Introduction
Hervé Joly, JVI Director

Presenter
Raphael Espinoza (IMF, Deputy Chief of the Fiscal Policy & Surveillance Division, Fiscal Affairs Department)

Discussant
Kurt Bayer, Senior research associate, wiiw

The COVID-19 pandemic severely affected countries across the globe. Governments are looking for ways to boost long-term economic growth and manage the transition to a new – and sustainable – normal, while supporting livelihoods for households and businesses and ensuring adequacy of public health responses. As the IMF Fiscal Monitor in its October 2020 issue argues, public investment has an important role to play in the economic recovery. But is more public investment needed, or rather better investment? Given significant weaknesses in public investment management in many countries, is now the time to increase spending? What do we know about the impact of public investment on growth and jobs? What should countries with limited fiscal space do? What is the role of the private sector in this?

The webinar will discuss these questions by reviewing the potential of public investment to support the recovery as a part of a country’s broader fiscal strategy. Thereby, it will aim to make transparent the trade-offs, challenges, as well as needs to improve infrastructure governance that pursuing the investment-for-recovery strategy entails. 

The webinar will be moderated by Barbara Dutzler, Senior Economist (JVI)

Participants are encouraged to ask written questions to the presenters using the webinar’s chat forum.

The webinar will be held in English, with simultaneous translation into Russian.

To participate in the webinar please sign up here.

A list of JVI webinars on topical issues in the field of financial stability, fiscal policy, and macroeconomics can be found here.

The schedule of JVI courses – including virtual courses – can be found here.

We look forward to continuing our engagement with you!

Hervé Joly, Director (JVI)

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