Debate: Path to Sustainable Recovery

On 16 March, NIB held an online seminar on how to guarantee sustainable recovery in light of the ongoing pandemic and climate change challenges.

The COVID-19 pandemic has caused enormous societal challenges, raising questions of short and long-term sustainability and even survival. Governments and international financial institutions have stepped up to the plate and helped to navigate during these difficult times. Fiscal stimulus packages, recovery funds and response loans are building a bridge to a brighter future.

In times like these, it is easy to lose sight of long-term goals. However, challenges such as climate change have not disappeared. Therefore, the question is: How to guarantee a path to sustainable recovery?

This question was addressed in a lived-streamed, two-hour event, featuring speakers from public institutions as well as prominent companies.

Watch the recording below or on the event page.

Programme of the event:

Welcoming words

• Matti Vanhanen, Finance Minister, Finland

Corona response in the Nordic-Baltic region

• Keynote by Henrik Normann, President & CEO, Nordic Investment Bank

Panel on the effect of corona on financial conditions

• Gintarė Skaistė, Finance Minister, Lithuania
• René Schneider, Chief Financial Officer, Demant
• Kalin Anev Janse, Chief Financial Officer, ESM & EFSF

Path to sustainable recovery: the role of IFIs

• Keynote by Josué Tanaka, Visiting Professor in Practice, Grantham Research Institute, London School of Economics

Panel on the path to sustainable recovery

• Carl-Erik Lagercrantz, Chairman of the Board, Northvolt
• Mari Elka Pangestu, Managing Director of Development Policy and Partnerships, World Bank

Concluding remarks

• Pekka Morén, Co-Chair (Sherpas), Coalition of Finance Ministers for Climate Action

Moderator: Jukka Ahonen, Head of Communications, Nordic Investment Bank
Co-Host in Helsinki: Pekka Morén, Co-Chair (Sherpas), Coalition of Finance Ministers for Climate Action 

The debate was organised in co-operation with the Coalition of Finance Ministers for Climate Action. The Coalition is co-led by Finland and Chile, and coordinated by the World Bank.