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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: These remarks were delivered by David Malpass, President of the World Bank Group, at the G20 Leaders Summit held in Osaka, Japan. He spoke about how giving women better access to economic opportunities is critical to eliminate differences in living standards between men and women. He highlighted We-Fi which is so important and how the Bank was proud to celebrate its two-year anniversary in Osaka. He spoke about the developing countries and the Bank's role in actively identifying changes in the private sector environment that will attract investment and enable higher living standards and better lives. He explained the Bank's work in fragile states, such as the Sahel and the Horn of Africa, to help countries build stronger foundations so that young people are more able to stay rather than seeking to immigrate. He discussed reducing inequality and realizing inclusive and sustainable growth around the world, and how addressing these requires jobs, education, healthcare, attention to the environment, and robust commerce and trade among neighbors and nations. He concluded by saying that the Bank would continue to work with all the nations on these challenges
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  • 2
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, commemorated the 75th anniversary of the 1944 conference held in Bretton Woods, New Hampshire which led to the creation of the World Bank. He spoke about key historical events and development challenges. He discussed the IDA19 replenishment and its importance to the Sahel. He noted the evolution of development policy and development finance, including highlights like the debt crisis, globally traded bonds, and Green Bonds. He mentioned advisory services and key reports produced by the Group
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, addressed the challenges to reducing poverty and boosting shared prosperity. He mentioned Brexit, negative interest rates, trade frictions, global economic slowdown, sluggish investment, debt burdens, and lack of access to clean water, education, electricity, roads, and basic health care. The World Bank focuses on helping developing countries implement good policies. Many need a bolder agenda for boosting private sector growth. He noted that the problem of global poverty is urgent, so we need to act quickly, and work continually with everyone on these challenges
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, spoke about the importance of accelerating progress toward universal health coverage (UHC), which is critical in alleviating extreme poverty and boosting shared prosperity. He highlighted on the role of IDA in funding the low-income countries for healthcare. He stated that the IDA funding was not enough and estimated a financing gap to achieve UHC in fifty-four of the poorest countries. He proposed four priority areas to close that gap. He concluded by saying that the country leadership is critical to build a healthier, prosperous, promising future for their people
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, summarized the challenging environment now facing the World Bank Group, as the unprecedented COVID-19 pandemic affects the world. He is expecting a major global recession to complicate the devastating health crisis. The extreme poor in IDA countries will be severely affected. He reviewed the measures taken by the World Bank Group in response to the emergency. The program has three pillars: protecting the poorest and most vulnerable households; supporting businesses and saving jobs; implementing emergency health operations in developing countries to strengthen economic resilience. To this end, USD 160 billion in financing over the next 15 months are available. He summarized the debt relief initiative championed at the G20 meeting. He recapped the activities during the Spring meetings and recent high-level appointments
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic and economic shutdowns that are causing the world's deepest recession since World War II and the first major recession in ASEAN countries since the 1997 Asian devaluation crisis. He mentioned that women are faring worse in the crisis than men across most countries and across several dimensions including loss of jobs, decline in remittances, food insecurity, and the heavy burden of caregiving responsibilities. He explained that the World Bank Group has moved rapidly to deploy its full financial capacity with much of it going to the poorest countries and to private sectors for trade finance and working capital. He highlighted that the World Bank made available up to twelve billion US dollars of fast-track financing to client countries for them to choose, purchase and deploy Coronavirus (COVID-19) vaccine. He spoke about the DSSI debt service suspension initiative, which he called a good first step, but the relief so far has been less than anticipated because not all creditors participated. The World Bank Group is working on effective approaches for debt reduction and debt resolution to address low income countries' unsustainable debt burdens. Countries will need to prepare for a different economy post-COVID, by allowing capital, labor, skills and innovation to move into new businesses and sectors. The World Bank strongly supports trade facilitation measures to encourage greater flows across borders
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, spoke about the urgency of growth in developing countries. He discussed innovations in digital financial services that provide secure systems to allow poor people to electronically receive remittances, foreign aid, and social safety-net payments as well as their earnings. He cautioned about the slow global growth, and it's paramount that countries carry out well-designed structural reforms to ignite domestic growth. He highlighted on the importance of a clear analysis and understanding of a country's laws and regulations and a path of reforms or catalytic investments that will expand the private sector. Finally, he concluded by saying that World Bank Group won't give up on its main goal of reducing extreme poverty
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, highlighted the urgent priorities for discussion with shareholders. Global growth is slowing. Investment is sluggish, manufacturing activity is soft, and trade is weakening. The challenges of climate change and fragility are making poor countries more vulnerable. This backdrop makes our goals of reducing extreme poverty and boosting shared prosperity even harder. He suggested that with the right mix of policies and structural reforms, countries can unleash growth that's broadly shared across all segments of society. He spoke about how the Bank is helping countries build strong programs tailored to the unique circumstances of their economies. He highlighted the importance of education. He mentioned the proposed IDA replenishment, and reaffirmed commitment to projects on climate and on gender inclusion. In conclusion, he said that the well-designed structural reforms are needed to unlock growth and build the foundations for future prosperity
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass explained the World Bank Group's work to take broad swift action to respond to the coronavirus pandemic. He spoke about finalizing an additional package that will focus on the broader economic consequences. He was concerned about the poor and densely populated countries like India and how the Bank is working hard to provide support through Bank's public and private sector tools. He highlighted the role of private sector support which is critical. He mentioned the Bank working closely with the IMF and WHO, among others, to determine needs assessments of client countries. He also highlighted the importance of addressing debt vulnerabilities as this crisis will hit hardest poor countries that have high levels of indebtedness. He spoke about how the Bank urged many of the G20 leaders and other official bilateral creditors to suspend debt payments due from IDA countries, effective immediately to determine what kind of debt relief or restructuring is needed. He concluded by saying that the World Bank Group and the IMF are working quickly to flesh out an approach for debt relief for poorer countries
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank Group, spoke at the 2020 Spring meetings virtual press conference. He discussed the joint efforts of the IMF and the Bank in support of member countries, especially the poorest and most vulnerable. He reviewed how the G20 joint call focused upon a suspension in debt service payments to bilateral creditors during the crisis. The World Bank Group has taken fast, broad-based action in response to COVID-19. IDA, the part of the World Bank that makes grants and very concessional credits, will provide over fifty billion US dollars in new resources, and that IDA countries will have bilateral debt service relief beginning May 1, 2020. He warned of a major global recession, and how the World Bank Group is responding forcefully and massively, especially for the IDA countries, the poorest countries, involving significant increases in the highly concessional financing and grants. The International Finance Corporation is working very actively with companies to try to keep them open. The World Bank is looking for ways to do cash transfers through digital financial service systems. The World Bank also aim to aid governments to support small and medium-sized enterprises
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