The global economic outlook remains uncertain amid the protracted effects of multiple shocks including the COVID-19 pandemic, continued Russian-Ukraine conflict and dislocation of energy and food markets, surge in inflation, and significant tightening of monetary policy. The increase in interest rates to combat inflation has raised the cost of financing and the risk of widespread sovereign debt crises in the developing world. More recently, the resurgence of industrial policies threatens to accelerate geo-economic fragmentation with wide ranging economic implications. In this uncertain environment, how can governments and multilateral institutions lead with meaningful policy solutions to steer the global economy in the right direction?
On September 13, the Global Economy and Development program at the Brookings Institution will host Makhtar Diop, the managing director of the International Finance Corporation (IFC) to discuss these issues among others.
Makhtar Diop, an eminent economist with extensive private and public sector experience, will reflect on the current global economic climate and the important role institutions such as the IFC can play in addressing these challenges. Brahima S. Coulibaly, vice president of Global Economy and Development, will moderate a fireside chat. This event is part of the State of the Global Economy series.