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Eliana La Ferrara Joins World Bank and IMF High Level Advisory Group

, by Ezio Renda
A 12 strong body, the HLAG on Sustainability and Inclusive Recovery and Growth will help secure a strong recovery and set a path for green, resilient, and inclusive development over the coming decade

Eliana La Ferrara, Fondazione Romeo ed Enrica Invernizzi Chair in Development Economics at Bocconi, is one of the 12 global experts appointed in the High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, jointly launched, on 7 June, by the World Bank Group and International Monetary Fund, "in the face of two crises – COVID-19 and climate change," a joint note says, "to help secure a strong recovery and set a path for green, resilient, and inclusive development over the coming decade."

The HLAG will be jointly led by Mari Pangestu, Managing Director for Development Policy and Partnerships, World Bank; Ceyla Pazarbasioglu, Director, Strategy, Policy and Review Department, International Monetary Fund; and Lord Nicholas Stern of the London School of Economics. It aims to advance understanding of key policy and institutional issues that will inform a response to multiple interconnected challenges – the two crises, which are exacerbating poverty and inequality, as well as structural weaknesses that existed before the pandemic.

Comprised of 12 global experts from research institutions, private sector, governments, in addition to senior staff of the World Bank Group and IMF, the HLAG will propose ideas and frameworks for strategic and practical national and global action. These would contribute towards a sustainable and inclusive recovery, as well as setting the agenda for a sustained transformation based on new perspectives and models of growth and development.

Over the next eighteen months, the HLAG will marshal the combined and complementary policy experience and analytical strengths of its members to set out practical proposals in two phases:

  • First, focus on the immediate challenge of a sustainable and inclusive recovery to inform the processes and meetings in 2021 leading up to the G20 Summit in Rome (October) and the COP26 in Glasgow (November)
  • Second, deepen the analyses and formulation of actions for sustained transformation in 2022.

Global experts of the HLAG are:
Philippe Aghion, Centennial Professor of Economics at the London School of Economics and Professor at the Collège de France; Montek Ahluwalia, former Deputy Chairman of the Planning Commission of India; Masood Ahmed, President of the Center for Global Development; Timothy Besley, School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE); Amar Bhattacharya, Senior fellow, Center for Sustainable Development; Laurence Boone, Chief Economist and Head of the Economics Department, OECD; Ottmar Edenhofer, Professor of the Economics of Climate Change, Technical University of Berlin; Homi Kharas, Senior Fellow and Deputy Director for the Global Economy and Development Program, Brookings Institution; Eliana La Ferrara, Fondazione Romeo ed Enrica Invernizzi Chair, Bocconi University; Zhu Min, former Deputy Managing Director, IMF; Tidjane Thiam, former CEO, Credit Suisse; Andres Velasco, Dean of the School of Public Policy, LSE.

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