With oil prices at record-low levels, now is the time to phase out harmful subsidies. Director Kristalina Georgieva More Quotes by Director Kristalina Georgieva More Quotes From Director Kristalina Georgieva What we do now will not only reshape our economies and societies ; it will also reshape humanity's future on this planet, a' green recovery' is our bridge to a more resilient future. Director Kristalina Georgieva A substantially higher carbon price is needed to encourage climate-smart investment and to accelerate the shift to cleaner fuels and more energy efficiency. Director Kristalina Georgieva In our current baseline scenario, announced policies are implemented and China's economy would return to normal in the second quarter. As a result, the impact on the world economy would be relatively minor and short-lived, but we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the growth consequences are more protracted. Director Kristalina Georgieva So then we can agree on synchronized, or even better, coordinated measures to protect the world economy from a more serious shock, can we do it? Yes. Are we going to do it? I actually think that we will. Director Kristalina Georgieva We are looking at data very carefully ... we have to do what people in rapid response do: pray for the best and prepare for the worst. Director Kristalina Georgieva
