Back to Rio—the Road to a Sustainable Economic Future - International Monetary Fund

Something of general interest - 

Posted June 12, 2012 -  International Monetary Fund -  By Christine Lagarde - Managing Director, International Monetary Fund


As prepared for delivery

Good morning. It is a great pleasure to be here. I would like to thank the Center for Global Development for sponsoring this event. The Center does really great work under the inspiring leadership of Nancy Birdsall. Thank you, Nancy.
It has been twenty years since world leaders first went to Rio to commit to the noble goal of protecting the planet for future generations. And now, twenty years on, we will be journeying back to Rio to affirm our commitment to sustainable development—the idea that we should strive for economic growth, environmental protection and social progress at the same time. The idea that different economic, environmental, and social objectives can be seen as distinct aspects of a single vision, essential parts of a connected whole.
But while those bound for Rio might have the best of intentions, they do not face the best of circumstances.
Today, I believe that we are facing a triple crisis—an economic crisis, an environmental crisis, and, increasing, a social crisis. The global economy is still rocked by turmoil, with uncertain prospects for growth and jobs. The planet is warming rapidly, with unknown and possibly dire consequences down the line. Across too many societies, the gap between the haves and have-nots is getting wider and strains are getting fiercer.
Although distinct, these different threats feed off each other in an intricate interplay. We cannot address each in isolation. We need to generate a virtuous and avoid a vicious circle.
And here I would argue that we must start with the basics—from a platform of restored economic stability and growth. From that base, we can achieve green growth and inclusive growth—the building blocks of our sustainable and equitable economic future.
So let me talk about three things this morning:

• Getting the basics right.
• Getting the pricing for a green economy right.
• Getting growth right—making it more inclusive.

The balance of her presentation can be found at:
http://www.imf.org/external/np/speeches/2012/061212.htm