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  • 1
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Armed Conflict ; Conflict and Development ; Economic Assistance ; Finance and Financial Sector Development ; Financial Sector and Social Assistance ; Macroeconomics and Economic Growth ; Post Conflict Reconstruction ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: These remarks were delivered by World Bank Group President David Malpass at World Bank Group 2022 Spring Meetings Ministerial Roundtable for Support to Ukraine on April 21, 2022. He said that he has been deeply horrified and shocked by Russia's invasion of Ukraine, the atrocities committed against the civilian population, and the loss of life and livelihoods for millions of Ukrainians. He mentioned that since the invasion, the World Bank Group has provided fast-disbursing financial support to help the government provide critical services, pay wages for hospital workers, public servants, and the elderly. He insisted that It will be important for all partners to continue coordinating their support for Ukraine's budget needs. He described that the World Bank Group is working toward three phases of the recovery effort of relief, recovery, and resilience. He said that as the war continues, the World Bank Group will work to build confidence in Ukraine's financial, monetary, and fiscal institutions, fostering currency stability as they go forward. He mentioned that rebuilding will take hard work, determination, and struggle, but he remains optimistic. He concluded by saying that with our collective support, Ukraine can achieve a brighter future
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  • 2
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Armed Conflict ; Conflict and Development ; Disaster Management ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Food Security ; Inflation ; International Affairs
    Abstract: These remarks were delivered by the World Bank Group President David Malpass, addressing Challenges to Growth, Security and Stability on April 12, 2022 at the Warsaw School of Economics. He spoke about again living through a dangerous period of overlapping crises and conflicts with Poland near the center. He has been deeply shocked and horrified at Russia's invasion of Ukraine, the atrocities committed against the civilian population, and the loss of life and livelihoods for millions of Ukrainians. Since the invasion, the World Bank Group has provided fast-disbursing financial support to Ukraine to help the government provide critical services to people, including wages for hospital workers, pensions for the elderly, and social programs for the vulnerable. Through IFC, they have provided immediate working capital for companies providing supplies to Ukraine. He was pleased to announce that the World Bank is preparing a nearly 1.5 billion US dollars operation for Ukraine to support continuation of essential government services during the war. He also discussed about the following: (i) Overlapping global crises; (ii) Weakening economic outlook; (iii) Areas for action; and (iv) Lessons learned
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Armed Conflict ; Climate Change Economics ; Climate Change Impacts ; Conflict and Development ; Covid-19 ; Debt ; Environment ; Inflation ; International Migration ; Macroeconomics and Economic Growth ; Post Conflict Reconstruction
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the 2022 Ibrahim Governance Forum on May 25, 2022. He spoke about the world is facing a dangerous period of overlapping crises of the COVID-19 pandemic, inflation, debt, and Russia's invasion of Ukraine. He explanied that Africa is particularly vulnerable to the impacts of the overlapping crises. He spoke about climate interventions and projects offer large global public good benefits, but many require substantial external funding as well as a comprehensive policy framework. He emphasized the importance of strong governance and sound institutions to confronting climate challenges in Africa, the area which is at the core of the Mo Ibrahim Foundation's work. He highlighted that the Ibrahim Index of African governance is vital in understanding the overall trajectory of governance in Africa and informing decision-making processes, including in response to climate change. He said that building a more climate-resilient Africa does not mean slowing down development or the progress toward achieving SDG7. He concluded by saying that various steps will be essential in Africa's transition from subsistence farming to productive economic activity in agriculture, services, industry, and public sectors
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  • 4
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Armed Conflict ; Conflict ; Conflict and Development ; Covid-19 ; Energy ; Energy Production and Transportation ; Energy Resources Development ; Energy Supply ; Food Security ; Post Conflict Reconstruction
    Abstract: These remarks were delivered by the World Bank Group President David Malpass's at the interview with James Coomarasamy on BBC Radio's The World Tonight on May 19, 2022. He said that the key thing for the world is to create more supplies of energy of food of fertilizer, and move forward. He mentioned about lot of pressure on debt in developing countries because the contracts weren't transparent. He mentioned that there was Coronavirus (COVID-19) itself, the pandemic and the deaths but then also the shutdowns and in particular the shutdowns and closures of schools, and it is going to take years and years to make up for the educational losses that went on. He highlighted the course of inflation depends a lot on the amounts that can be added into the global economy to make up for some of the losses. He spoke about export bans are a big problem. He concluded by saying that it's vital to end the war in Ukraine, and if that can't be done, then it's vital that countries around the world, and especially the advanced economies, announce new supplies of energy, of food and of fertilizer
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Armed Conflict ; Climate Change Impacts ; Conflict and Development ; Covid-19 ; Environment ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Immunizations ; Inflation ; Macroeconomics and Economic Growth
    Abstract: These opening remarks were delivered by World Bank Group President David Malpass at Spring Meetings Press Conference on April 20, 2022. He said that we are facing COVID-19, inflation, and the war in Ukraine. He spoke about the World Bank Group has been acting fast in the face of the crises: first the Coronavirus (COVID-19) surge financing in over the last two years, which was one of the fastest and largest in our history; and now putting money into Ukraine and have moved quickly both to commitments and disbursements, including nearly 1.5 billion dollars that he announced in Poland last week. He mentioned that the World Bank Group is also working actively on climate, through its Climate Change Action Plan and the formation of Country Climate and Development Reports (CCDRs), which will identify the high priority items country by country, in their efforts to mitigate and to adapt to climate change. He was intrigued to see and welcomed India's moves the day before and that day to begin to sell from its stockpiles. He said that one of the solutions for the world is to recognize that markets are forward looking. He mentioned that the central banks can use tools that add to supply and that allow capital allocation to be improved. He concluded by saying that as interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions
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