Responding to COVID-19: Investment for Economic Recovery and Growth

Tuesday, July 28, 2020 at 14.00 – 15.30 Vienna time (CEST) 

Introduction
Tom Richardson, JVI Director, and Torben Hansen, Deputy Chief of the Public Financial Management Division, IMF Fiscal Affairs Department 

Presenters
Eivind Tandberg (affiliated with Public Financial Management Division, Fiscal Affairs Department)
Jean-Francois-Wen (Senior Economist in the Tax Policy Division, Fiscal Affairs Department)
Yuko Kinoshita (Deputy Chief of the Fiscal Operations 2 Division, Fiscal Affairs Department)

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Investment is key for economic recovery and growth. Yet, facing the COVID-19 pandemic, many governments have resorted to cuts in their public investment program as they rushed to reprioritize spending towards health expenditure and support for businesses and households. Private investors alike cut back their capital-spending budget in the face of enduring uncertainty. As governments ponder which industries or companies to support to safeguard employment and reignite growth, climate change considerations need to be part of their agenda.  

This webinar will discuss the role of investment for recovery and growth from three different perspectives: 

  1. How should public investment best respond to the pandemic? What criteria should public investment managers use to decide whether to cancel or postpone a public investment project? What measures will ensure the effectivity of the investment program? 
  2. How can tax policy support the private sector in maintaining or accelerating investment plans? What design of tax incentives is likely to provide the most cost-effective investment stimulus?
  3. How can climate change be addressed during crisis containment and recovery? What policy measures are recommended to ensure a green recovery?

The webinar is the sixth of a series focusing on the recent IMF special series on fiscal policies to respond to the COVID-19 challenges.

Eivind Tandberg will present the note “Managing Public Investment Spending during the Crisis” (English / Russian

Jean-Francois Wen will present the IMF Fiscal Affairs Department’s special note on “Temporary Investment Incentives” (English / Russian)

Yuko Kinoshita will present the IMF Fiscal Affairs Department’s special note on “Greening the Recovery” (English/ Russian

The webinar will be opened by Tom Richardson, JVI Director, and Torben Hansen, Deputy Chief of the Public Financial Management Division, IMF Fiscal Affairs Department.

Moderation will be provided by Barbara Dutzler and Tatiana Evdokimova (both JVI).

The webinar will be held in English.

In the coming weeks and months, the JVI will organize further topical webinars in the field of financial stability, fiscal policy and macroeconomics.

We look forward to engaging with you!

 

Thomas Richardson, Director, JVI

Presentation


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