4.4 • 4.9K Ratings
🗓️ 9 April 2020
⏱️ 30 minutes
🧾️ Download transcript
As governments around the world see their finances savaged by the pandemic, emerging economies are crying out for cash. More countries are turning to the International Monetary Fund for support than at any point in its history. In an exclusive podcast interview ahead of its Spring Meetings, host Anne McElvoy and Zanny Minton Beddoes, The Economist’s editor-in-chief, ask IMF head Kristalina Georgieva how it intends to bail out the global economy. Could issuing “paper gold” provide the answer or does the IMF need new tools for the job? Plus, how jeans and pyjamas made it into the boardroom.
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0:00.0 | News of the global climate crisis can leave us feeling helpless. |
0:05.0 | Too much negativity can trigger our eco-anxiety, |
0:08.0 | leaving us paralyzed when we need to act. |
0:11.0 | This is why EONNEXT is in search of better news to power up for change. |
0:16.0 | According to a CBI report, the transition to a greener economy is boosting UK growth, |
0:22.0 | with 71 billion pounds of jobs and investment being brought to the UK's industrial towns. |
0:28.0 | If you're feeling impacted by eco-anxiety, |
0:31.0 | EONNEXT have created a range of resources such as green noise soundscapes. |
0:36.0 | Just search power up for change in your podcasting app. |
0:47.0 | Across the globe, lockdown economies are grinding to a halt. |
0:52.0 | As governments see their finances savaged by the pandemic, |
0:55.0 | many poor ones, also suffering from capital flight, are desperate for cash. |
1:03.0 | In the past few weeks, over 90 countries have approached the International Monetary Fund, |
1:08.0 | the world's crisis lender for emergency aid. |
1:11.0 | That's more than double the number that did so in the immediate aftermath of the financial crisis. |
1:16.0 | The fund is already passing out some loans, |
1:19.0 | but with a conservative estimate of $2.5 trillion needed to help |
1:24.0 | emerging markets whether the pandemic has the time come for something more radical. |
1:30.0 | You're listening to the economist asks, |
1:32.0 | I'm Anne McHellvoy, and this week we're asking, |
1:35.0 | can the IMF bail out the global economy? |
1:41.0 | My guest is the IMF's managing director, Kristalina Gjorgiver. |
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