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" "It is going to take time to heal, but I know we can do that together. I hope that we can use the weeks ahead to restore calm, allow students to complete their academic work, and honor their achievements at Commencement.
Nemat Talaat Shafik, Baroness Shafik, (Arabic: نعمت طلعت شفيق) (born 13 August 1962) commonly known as Minouche Shafik (Arabic: مينوش شفيق), is a British-American academic and economist. She served as the 20th president of Columbia University from July 2023 to August 2024. She previously served as president and vice chancellor of the London School of Economics from 2017 to 2023. From 2014 to 2017, Shafik served as deputy governor of the Bank of England and also previously as permanent secretary of the United Kingdom Department for International Development from 2008 to 2011. She has also served as a vice president at the World Bank and as deputy managing director of the International Monetary Fund.
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I am honoured to speak today in the country of my birth, a country that has been a cradle of human civilization for millennia, on a topic that will determine the future of human civilization and whether it lasts for more millennia. I am an economist who has worked on development and environment issues for several decades and I wanted to speak to you about the economy of the future.
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When I was inaugurated as Columbia’s 20th president on October 4, 2023, I called for strengthening the bond between universities and society through a recommitment to academia’s contribution to the common good. The horrors of the Hamas attack three days later, the ensuing war with Israel and the tragic loss of civilian lives in Gaza have tested that bond in unimaginable ways. I have seen the campus engulfed in tensions and divisions deepened by powerful external forces.