Montek Singh Ahluwalia has been named as a member of a High-Level Advisory Group (HLAG) formed by the World Bank and International Monetary Fund (IMF) amid the dual crisis posed by climate change and the COVID-19 pandemic. Montek Singh Ahluwalia is a distinguished fellow at the Centre for Social and Economic Progress (CSEP) and former Deputy Chairman of the Planning Commission of India.
Speaking on the HLAG’s immediate priorities, Ahluwalia said that climate change is at the top of the agenda this year in both developed and emerging market countries and the CoP 26 in November is expected to spell out what the international community needs to do. “I hope the group can make a useful contribution to defining a workable strategy that takes account of the concerns of different participants,” he added.
High-Level Advisory Group: Key Details
The High-Level Advisory Group was formed by the World Bank Group and IMF on June 15 to overcome challenges arising due to climate change and the COVID-19 pandemic.
The key objective of the High-Level Advisory Group is to help secure a strong recovery and set a path for green, resilient, and inclusive development over the coming decade. The HLAG will work to ensure sustainable and inclusive recovery and growth.
The group will mainly propose ideas for strategic global action to combat the current challenges and make proposals in phases with more emphasis on formulating actions for sustained transformation.
Source: Jagran Josh