Reimagining the IMF for a New Economic World Order | Aqdas Afzal & Jayati Ghosh

Aqdas Afzal, the Program Director and Assistant Professor Habib University in Karachi, Pakistan speaks on Reimaging the IMF for a New Economic World Order with Discussant Jayati Ghosh, Professor of Economics at UMass Amherst.

Abstract:
Where the Covid-19 pandemic has been an unmitigated health crisis, it has wreaked tremendous economic destruction in poor countries. Still, poor countries have not been able to implement appropriate counter cyclical policies or vaccinate their citizens due to the lack of fiscal space. As a result, the world is now facing a two-track “recovery.” The time has come to reimagine and make a case for a new IMF. The new IMF will draw inspiration from the ideas first presented by John Maynard Keynes at Bretton Woods. The new IMF will not only give more weight to poor and developing countries in decision making but will also be willing to use SDRs for transforming the poorest and hardest hit countries.

Speaker:
Aqdas Afzal holds a doctorate from the University of Missouri – Kansas Cityis and presently serves as the Program Director and Assistant Professor at the Social Development and Policy Program at Habib University in Karachi, Pakistan. He regularly writes for DAWN, Pakistan’s premier English language newspaper. Follow him on Twitter @AqdasAfzal.

Discussant
Jayati Ghosh taught economics at Jawaharlal Nehru University, New Delhi for nearly 35 years and now teaches at the University of Massachusetts Amherst. She has authored and/or edited 19 books and nearly 200 scholarly articles.

This session is a part of the larger project entitled "Expanding the frontiers of economics: Evidence from South Asia"

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