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Building for the future: delivering infrastructure for the post-COVID world By Natalie Leal on 17/02/2021 Into the tunnel: The uncertainties around COVID mean that governments have limited forward vision as they develop infrastructure plans. Illustration: Katy Smith Infrastructure is key to economic recovery – but the pandemic has raised big questions around both public sector finances, and the kinds of infrastructure that will be required. At the Government Finance Summit, top treasury and finance officials from around the world discussed how to build a platform for future growth “It is quite clear that we’re not returning to a pre-COVID world,” said Peter Lim, Director of Fiscal Policy at Singapore’s Ministry of Finance. “And while there’s still quite a bit of uncertainty, we should start thinking differently about investing in infrastructure.” ....
Markus Sovala appointed Director General of Statistics Finland The Government has appointed Markus Sovala as Director General of Statistics Finland for a five-year term starting from 1 March 2021. Sovala is currently employed as Economic Policy Coordinator at the Ministry of Finance. Having worked as Director General at Statistics Finland for nine years, Marjo Bruun retired at the end of January. Markus Sovala Image: Tommi Tolkki, Ministry of Finance “The strategic importance of information has grown due to digitalisation because more operational benefits are now derived from it. Statistics Finland is a major actor in the field of information and one of the oldest and most respected statistical houses in the world. It is very interesting to start leading a team of top professionals. Enterprises have plenty of information in their possession – hopefully we will find common interests. Another important development trend is to team up with other digital and informatio ....
Helicopter money: finance departments had to quickly channel money to workers and businesses – while minimising the amount wasted or stolen. Illustration by Katy Smith Around the world, finance departments have found different ways of protecting workers and businesses during the COVID crisis. At GGF’s Finance Summit, senior leaders discussed which worked best – reaching those in need, while minimising waste and fraud. Adam Branson reports Responding to the pandemic, finance departments have poured billions into protecting jobs, replacing people’s livelihoods and supporting hard-hit businesses: whole economies have been put into induced comas. But even while officials work to avert immediate threats, it’s important that they occasionally lift their eyes to the horizon. And at GGF’s Finance Summit – a rare opportunity for top finance leaders to compare notes and reflect on the pandemic – Latvian official Līga Kļaviņa asked if her colleagues around the worl ....