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Paige Fusco

Will stagflation make a comeback?

America’s fashionistas are super excited these days about 1990s crop tops, baggy outfits, and tattoo chokers, but economists are freaking out over a specter from a different decade: the ’70s. That’s when the US economy sputtered into what's known as “stagflation.”

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IMF Managing Director Kristalina Georgieva talks to Chinese Premier Li Keqiang before a news conference following the "1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019.

REUTERS/Florence Lo

Should China get more IMF power?

The annual meeting of the International Monetary Fund normally gets little attention beyond economists and policy wonks. But this time all eyes were on the fate of Managing Director Kristalina Georgieva, widely praised for the IMF's swift action to avoid a pandemic-fueled global depression and recently caught in the latest crossfire between the US and China.

Georgieva finally kept her job after being confirmed by the IMF board late on Monday despite strong objections from the Americans and the Japanese, the Fund's two biggest shareholders. But what was all the fuss about?

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Ian Bremmer: Trouble at the IMF | Quick Take | GZERO Media

Trouble at the IMF

Ian Bremmer's Quick Take:

Hi, everybody, Ian Bremmer here, and a happy Monday to you. A Quick Take on the scandal surrounding the IMF (International Monetary Fund) and its Managing Director, Kristalina Georgieva. Disclosure, full disclosure, she's someone I know very well and am very friendly with actually and have been since well before she got the IMF post. She used to be number two at the World Bank, and that is the origin of the crisis.

A "Doing Business" report, something the World Bank comes out with every year. It is used by investors to assess competitiveness of different governments around the world. And as one might imagine, there's a lot of jockeying and lobbying behind the scenes by these governments to try to show that they're doing a great job. And as a consequence, their rankings should be high.

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IMF Chief Kristalina Georgieva Expects 1 Billion COVID Vaccine Doses from G7 | GZERO Media

GZERO event highlights: IMF chief, G7 vaccine pledges, global health security

For IMF Managing Director Kristalina Georgieva (above), a two-track pandemic means a two-track recovery that'll hurt the entire world in the long run. That's why she anticipates G7 leaders meeting this week will commit to sending about one billion doses of COVID vaccines to the developing world by the end of the year in new financing and shots unused by wealthy nations. Georgieva hopes it'll be a summit that gives all countries "a fair short in the arm, a fair shot at the future."

Georgieva was one of many experts who joined this week's two-part livestream discussion about post-pandemic health security hosted by GZERO Media in partnership with Flagship Pioneering, Beyond the Pandemic: A Radical New Approach to Health Security, presented in partnership with Flagship Pioneering.

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How Will We Deal with the Next Pandemic? | GZERO Media

How will we deal with the next pandemic?

While most of the world is still grappling with COVID, some countries — mostly wealthy ones with early access to vaccines — are thinking about preparing for the next pandemic. This sentiment ties into a wider debate about health security that was missing when the virus hit us all early last year.

Indeed, we should aspire to ensure the health security of our population instead of waiting for it to get sick, Flagship Pioneering CEO Noubar Afeyan said on June 9, during a live discussion, Stronger Partnerships for a Healthier World: Mutually Assured Protection — the second in GZERO Media's two-part discussion, Beyond the Pandemic: A Radical New Approach to Health Security, presented in partnership with Flagship Pioneering.

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Watch our live event: global health beyond the pandemic

Could the biggest health crisis of our lifetimes actually lead to a healthier world? Watch the second part of our live event series about what public health will look like after the COVID-19 pandemic, presented in partnership with Flagship Pioneering, the bio-platform company that founded Moderna and dozens of other life sciences firms.

Days before world leaders G7 meeting, we will bring political leaders and policy makers together with health experts and scientists to discuss lessons learned from and the latest innovations to preempt both COVID-19 variants and future infectious disease pandemics.

Attendance is free and open to the public. Please register to attend.

The virtual event will be hosted by Noubar Afeyan, founder & CEO of Flagship Pioneering, and Ian Bremmer, president and founder of Eurasia Group and GZERO Media.

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