Navigating a challenging and uncertain global economic climate

The global economic outlook remains uncertain amid the protracted effects of multiple shocks including the COVID-19 pandemic, the continued impact of the Russian invasion of Ukraine, 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 hosted IFC’s Managing Director, Makhtar Diop, to discuss these issues among others.

Part of the State of the Global Economy series, the event reflected on the current global economic climate and the important role institutions such as IFC can play in addressing these challenges. Brahima S. Coulibaly, vice president of Global Economy and Development at Brookings, moderated a fireside chat. 

This event was open to media.

Last updated: September 14, 2023