COVID-19 Recovery: From Government Response to Private Sector-Led Sustainable Growth
29 September 2021 | IMF-World Bank Annual Meetings 2021 Civil Society Policy Forum
In collaboration with the Arab Monetary Fund, ITIC hosted a panel session in the Civil Society Policy Forum on 29 September 2021 as part of the 2021 IMF-World Bank Annual Meetings.
Session Abstract:
Governments and IFIs provided critical lifelines to households and businesses during the recession, as COVID-19 caused widespread unemployment, rising poverty, and global economic disruption. With government interventions now receding, this session focuses on fiscal measures to promote sustainable growth during the longer-term recovery phase. As subsidies expire, the tension between raising revenue for debt service and stimulating growth raises the question: What sorts of tax policies should be considered, and which risk stifling growth during its delicate re-emergence? Next-stage recovery strategies and fiscal choices will be analyzed by top economists from academia, the private sector, and regional/international institutions.
Panel:
Daniel A Witt – President, International Tax and Investment Center
Gabriel Sterne – Head of Global Strategy Services and Emerging Markets Macro Research; Oxford Economics [View Presentation Slides]
Dr. Manal Abdel Samad – Advisor to the Minister of Finance and former Minister of Information, Lebanese Republic [View Presentation Slides]
Mario Mansour – Chief, Tax Policy Division I, International Monetary Fund [View Presentation Slides]
Additional Resources:
The fiscal adjustment predicament – global rankings by Gabriel Sterne (Oxford Economics Research Brief | Global, 31 August 2021)
Tax Policy and Fiscal Sustainability Post-COVID by Prof. Jack Mintz (ITIC Issues Paper, November 2020; Published by Bloomberg Tax, 2 February 2021)