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Past Event
Seminar

EDI Seminar: “Is this time different? COVID-19 and the Global Economy”

RSVP Required Open to the Public

The World Bank expects over 90% of countries to be in recession in 2020 due to the COVID-19 pandemic. Advanced economies will shrink by 7%, and developing economies by 2.5%. An additional 100 million people around the globe will fall into extreme poverty because of the virus. Some developing markets will face sovereign debt crises as they struggle to contain the economic fallout.

As the global economic outlook deteriorates, the World Bank, other multinationals, and central banks around the world continue to debate the most effective policy responses to combat the global health and economic crises.

Join World Bank Chief Economist Dr. Carmen Reinhart in conversation with Lawrence H. Summers and Nicholas Burns on economic diplomacy in the time of COVID-19.

Date: Time: -
Carmen Reinhart

About

Carmen M. Reinhart is Vice President and Chief Economist of the World Bank Group. Assuming this role on June 15, 2020, Reinhart provides thought leadership for the institution at   an unprecedented time of crisis. She also manages the Bank’s Development Economics Department. She is on public service leave from Harvard Kennedy School, where she is the Minos A. Zombanakis Professor of the International Financial System. Previously, she was  Senior Policy Advisor and Deputy Director at the International Monetary Fund and held positions as Chief Economist and Vice President at the investment bank Bear Stearns.  She also serves in the Advisory Panels of the Federal Reserve Bank of New York and the International Monetary Fund.  Reinhart has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy’s Top 100 Global Thinkers, and Thompson Reuters' The World's Most Influential Scientific Minds.  In 2018 she was awarded the King Juan Carlos Prize in Economics and NABE’s Adam Smith Award, among others. She holds a Ph.D. from Columbia University.

The event is sponsored by the Economic Diplomacy Initiative, a collaboration between the Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.