Macro-economic policy

Macro-economic policy for a rainbow recovery

The impact of the Covid-19 pandemic has been highly unequal, with low and middle countries suffering the most severe and sustained effects, albeit in widely differing ways in different countries. While the lack of vaccines has played a significant role, the design and implementation of appropriate macro-economic policies is also a factor.

As policy makers convene for the UN General Assembly and Annual Meetings of the World Bank and the IMF this autumn, it is essential that decisions are informed by the experiences of those in the most vulnerable economies. A sustainable recovery from the pandemic will only succeed if it is genuinely inclusive and supportive of all sections of society.

In partnership with Southern Voice, ODI will convene researchers and government officials from the Global South, alongside representatives from international institutions, to discuss how to drive forward this ‘rainbow recovery’, which is transformative, green and inclusive. Drawing on multi-country research findings, we will focus on the interplay between fiscal, monetary and trade policies to inform global responses in the coming years.