"A New Bretton Woods Moment"

Kristalina Georgieva
IMF Managing Director
Oct 15th, 2020, Washington, DC
Interpretation of Key Points

First Imperative: Macroeconomic policies

• More statutory powers for government to deepen economic

inclusion of citizens and influence the markets & industries.

• Greater control of Financial Economy by Central Banks.
• Increase the globalization of world economy & increase
government debt levels; aided by debt restructuring, deferred
payment, and greater inclusion of private sector lenders.

Second Imperative: Policies for the people

• Invest to convert humans into capital to increase yield (profits).

• Improve education & training to raise employment population.

• Increase the economic inclusion of females; "closing the gender
gap could increase GDP by an average of 35 percent".
• Enhance the Digital Economy (Big Data) by linking young people
to health and education systems.
• Expand the internet reach to raise per capita GDP growth; hence
increase penetration of 5G & beyond technologies.
• Increase Digitalization to overcome poverty via Financial Inclusion.

Third Imperative: Climate Change

• Move the world away from fossil fuel industries toward green

energy; raising new resource-extraction industries.

• Give low interest rates for climate change loans, and direct
consumer markets toward those industries to quadruple profits.