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  • International Finance Corporation  (232)
  • Malpass, David  (117)
  • Washington, D.C : The World Bank  (349)
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  • 1
    Online Resource
    Online Resource
    Blended Finance for Climate Investments in India (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Environmental Expenditure Review
    Keywords: Access To Finance ; Adaptation To Climate Change ; Blended Concessional Finance ; Clean Energy ; Climate Investments ; Climate-Smart Agriculture ; Environment ; Finance and Financial Sector Development ; Green Housing ; Solar Power ; Waste-To-Energy
    Abstract: The document collection focuses on the concept of blended finance for climate investments, emphasizing the need for innovative financial mechanisms to address climate change. It discusses the potential of blending public and private capital to mobilize investment in climate-related projects, aiming to achieve both environmental and financial returns. The collection explores various models and case studies to demonstrate the effectiveness of blended finance in driving sustainable development and combating climate change on a global scale
    DOI: 10.1596/41194
    URL: Deutschlandweit zugänglich
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    MPI Ethno. Forsch.
  • 2
    Online Resource
    Online Resource
    Opening Remarks by World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Concessional Resources ; Debt Distress ; Debt Markets ; Debt Sustainability ; Debt Transparency ; Economic Forecasting ; External Debt ; Finance and Financial Sector Development ; Global Growth Outlook ; Governance Standards ; International Economics and Trade ; Investment and Investment Climate ; Investment Climate ; Macroeconomics and Economic Growth
    Abstract: These remarks were delivered by the World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report on January 10, 2023. He addressed the following topics: global growth outlook; rising levels of debt distress and possible directions to achieve debt transparency and sustainability; the need for greatly expanded resources for developing countries, including deeply concessional resources; and attractive investment climate and governance standards
    DOI: 10.1596/38512
    URL: lizenzpflichtig
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  • 3
    Online Resource
    Online Resource
    Building Green : Sustainable Construction in Emerging Markets (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2201
    Keywords: Access To Finance ; Adaptation To Climate Change ; Carbon Emission Reduction ; City Development Strategies ; Climate Change Adaptation ; Climate Change Mitigation and Green House Gases ; Construction Materials ; Decarbonization ; Developing Countries ; Emerging Markets ; Environment ; Finance and Financial Sector Development ; Sustainable Construction ; Urban Development
    Abstract: How developing countries meet their rising building needs will be pivotal to the world's climate future. The good news is that the projected emissions growth in construction value chains can be reduced significantly with the application of existing technologies, new financing instruments, and the implementation of appropriate policies. Even as emerging economies meet the rising demand for residential and commercial buildings, it is possible to reduce total emissions from the sector below today's level by 2035. To avoid perpetuating the status quo, decisive action is needed by policy makers, developers, construction material producers, financiers, and international development institutions. IFC is launching this report to guide international efforts to decarbonize construction value chains. Building Green: Sustainable Construction in Emerging Markets was prepared through close collaboration between IFC economists, investment officers, and building and constructionsector specialists. The report provides a comprehensive analysis of the challenges of reducing carbon emissions from construction value chains in developing countries, but also the considerable opportunities that willcome from mobilizing the estimated USD 1.5 trillion of investment required for this transition
    DOI: 10.1596/40561
    URL: Deutschlandweit zugänglich
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    MPI Ethno. Forsch.
  • 4
    Online Resource
    Online Resource
    IFC Annual Report 2023 : Building a Better Future (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2128
    Keywords: Energy Access ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Innovation ; Public-Private Partnerships ; Science and Technology Development ; Technology ; Trade Finance
    Abstract: IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets and developing economies. We work in more than 100 countries, using our capital, mobilization capacity, expertise, and influence to create jobs and raise living standards, especially for the poor and vulnerable. In fiscal year 2023, IFC committed a record 43.7 billion dollars to private companies and financial institutions in developing countries, leveraging the power of the private sector to improve people's lives as economies grapple with the impacts of global compounding crises
    DOI: 10.1596/40506
    URL: Deutschlandweit zugänglich
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  • 5
    Online Resource
    Online Resource
    Building a Better Future : IFC Annual Report 2023 Financials (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2128
    Keywords: Education Reform and Management ; Finance and Financial Sector Development ; Financial Data ; Financial Results ; Global Outlook ; IFC ; Information Technology
    Abstract: This Management's Discussion and Analysis (MD and A) discusses the financial results of the International Finance Corporation (IFC or the Corporation) for the fiscal year ended June 30, 2023 (FY23). The MD and A contains forward looking statements which may be identified by such terms as "anticipates," "believes," "expects," "intends," "plans", "aims" or words of similar meaning. Such statements involve a number of assumptions and estimates that are based on current expectations, which are subject to risks and uncertainties beyond IFC's control. Consequently, actual future results could differ materially from those currently anticipated. IFC undertakes no obligation to update any forward-looking statements. Certain reclassifications of prior years' information have been made to conform with the current year's presentation
    DOI: 10.1596/40507
    URL: Deutschlandweit zugänglich
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  • 6
    Online Resource
    Online Resource
    Working with Smallholders : A Handbook for Firms Building Sustainable Supply Chains, Third Edition (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (526 pages)
    Parallel Title: Erscheint auch als
    Keywords: Agribusiness ; Agricultural Finance ; Agriculture ; Climate-Smart Agriculture ; Farmer Cooperatives ; Farmer Cooperatives Training ; Gender and Agriculture ; ICT4Ag ; Smallholder Agriculture ; Smallholder Farmers ; Smallholder Supply Chains ; Smallholders
    Abstract: Smallholder farmers are the stewards of more than 80 percent of the world's farms. These small family businesses produce about one-third of the world's food. In Africa and Asia, smallholders dominate the production of food crops, as well as export commodities such as cocoa, coffee, and cotton. However, smallholders and farm workers remain among the poorest segments of the population, and they are on the frontline of climate change. Smallholder farmers face constraints in accessing inputs, finance, knowledge, technology, labor, and markets. Raising farm-level productivity in a sustainable way is a key development priority. Agribusinesses are increasingly working with smallholder farmers in low- and middle-income countries to secure agricultural commodities. More productive smallholders boost rural incomes and economic growth, as well as reduce poverty. Smallholders also represent a growing underserved market for farm inputs, information, and financial services. Working with Smallholders: A Handbook for Firms Building Sustainable Supply Chains (third edition) shows agribusinesses how to engage more effectively with smallholders and to develop sustainable, resilient, and productive supply chains. The book compiles practical solutions and cutting-edge ideas to overcome the challenges facing smallholders. This third edition is substantially revised from the second edition and incorporates new material on the potential for digital technologies and sustainable farming. This handbook is written principally to outline opportunities for the private sector. The content may also be useful to the staffs of governmental or nongovernmental development programs working with smallholders, as well as to academic and research institutions
    URL: Deutschlandweit zugänglich
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  • 7
    Online Resource
    Online Resource
    Remarks by World Bank Group President David Malpass at the G20 Leaders' Summit in Bali Indonesia (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Access and Equity in Basic Education ; Access To Clean Water ; Access To Electricity ; Debt Crisis ; Diesel Shortage ; Economic Forecasting ; Education ; Education For All ; Fertilizer Shortage ; Hunger ; Learning Poverty ; Macroeconomics and Economic Growth ; Poverty ; Water Resources ; Water Supply and Sanitation
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the G20 Leaders' Summit in Bali Indonesia on November 15, 2022. He spoke about the developing world faces hunger, poverty, unsustainable debt, and learning poverty above 70 percent. Climate change makes all of these burdens worse. Farmers face droughts and floods. In poor countries, they face severe shortages of fertilizer and diesel. Underinvestment blocks access to electricity and clean water. Current global macro policies create a permanent drain on global capital, risking a long recession. The developing world needs much greater resources. The World Bank Group has achieved the largest increase in commitments in our history and greatly expanded trade finance. Regarding the debt crisis, it is urgent to create a more effective debt reduction process for low and middle-income countries that are in debt distress
    DOI: 10.1596/38519
    URL: lizenzpflichtig
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  • 8
    Online Resource
    Online Resource
    Opening Remarks by World Bank Group President David Malpass during the Launch of the International Debt Report 2022 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Asset Repricing ; Economic Forecasting ; Economic Insecurity ; External Debt ; Finance and Financial Sector Development ; Global Recession ; International Debt Report 2022 ; International Economics and Trade ; Macroeconomics and Economic Growth ; Rising Interest Rates ; Slow Growth ; Stagflation Risk
    Abstract: These opening remarks were delivered by World Bank Group President David Malpass during the Launch of the International Debt Report 2022 on December 6, 2022. He spoke about the World Bank identified the stagflation risk early in that year which brings three risks: a global recession in 2023; a multi-year period of slow growth; and widespread asset repricing as higher interest rates are applied, and hedges run out. He mentioned that the interest rates were very low for a long period allowing a huge use of capital by fully-funded governments and business sectors, and this misallocation of global capital undercuts growth and productivity and will take time to repair. He spoke about energy prices that are a major factor, with shortages of fertilizer and food hitting people in the poorest countries particularly hard. He highlighted on the combination of extremely high government debt levels and rising interest rates will cause heavy absorption of global capital by advanced governments for a prolonged period. He said that the World Bank's latest debt statistics report released that day makes it clear that a debt crisis in the world's poorest countries is intensifying. He mentioned that to address the increase in debt and the new composition, he has focused on improvements in three areas - debt sustainability, transparency, and restructuring. He spoke on debt restructuring, where new mechanisms are needed to reflect the new creditor landscape. He concluded by saying that together with the Kristalina Georgieva from the IMF, they will engage with Chinese authorities and with their policy banks - the China ExIm Bank and the China Development Bank on the need for faster progress on resolving unsustainable debt and the need for more transparency
    DOI: 10.1596/38518
    URL: lizenzpflichtig
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  • 9
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    Online Resource
    Creating Markets In Namibia : Creating Resilient and Inclusive Markets - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Agribusiness ; Agriculture ; Energy ; Finance and Financial Sector Development ; Housing Finance ; Private Investment ; Private Sector ; Private Sector Development ; Private Sector Economics ; Renewable Energy
    Abstract: Since achieving independence in 1990, Namibia's remarkable growth has been fueled by foreign direct investment and enabled by prudent economic management. Since 2016, however, growth has declined steadily and the economy fell into recession, exposing the vulnerability of Namibia's economic growth model to external and climate shocks. These challenges were exacerbated by the Coronavirus (COVID-19) pandemic, an economic slowdown in neighboring South Africa, worsening terms of trade on the back of declining global demand and commodity prices, a decline in Southern African Customs Union (SACU) revenues, and the effects of crippling droughts on agricultural and industrial production. Namibia has very high levels of poverty and inequality, which are largely driven by high levels of unemployment. The primary objective of this Country Private Sector Diagnostic (CPSD) is to identify near and medium-term reform opportunities to revitalize the private sector and help reposition Namibia's growth on a green, resilient, and inclusive trajectory. This CPSD explores priority reform opportunities to address five cross-cutting bottlenecks: (1) enhancing the role and performance of the state-owned enterprise (SOE) sector through a more effective competition policy environment; (2) strengthening implementation of the public-private partnership (PPP) framework to expand private investments, especially in infrastructure; (3) leveraging the potential for digital transformation of the economy; (4) addressing inefficiencies in logistics and trade facilitation; and (5) tapping opportunities in the water sector for green and resilient growth. The diagnostic then looks in depth at three sectors prioritized by the Namibian government - renewable energy, climate-smart agribusiness, and housing, and provides recommendations for reducing sector-specific bottlenecks to stimulate growth potential
    DOI: 10.1596/38334
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  • 10
    Online Resource
    Online Resource
    Creating Markets in Eswatini : Strengthening the Private Sector to Grow Export Markets and Create Jobs - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Beef ; Business Environment ; Forestry ; Private Investment ; Private Sector ; Private Sector Development ; Private Sector Economics ; Rural Development ; Small and Medium Size Enterprises ; Sugar ; Trade Facilitation
    Abstract: Eswatini is facing multiple challenges. It was already experiencing weak economic growth before the COVID-19 pandemic, a reflection of longstanding, deeply rooted issues such as fiscal unsustainability, declining private investment, weakening productivity and competitiveness, and falling export diversification and complexity, compounded by the impact of climate shocks. It shifted from a private investment-led higher-growth model to a government spending-led lower-growth model after the end of apartheid in South Africa. With weak investment in productive sectors, Eswatini's job market failed to keep pace with an expanding, younger labor force, leading to a large informal sector. Eswatini's public sector-driven growth model is unsustainable under current fiscally constrained conditions, and there is a need to reduce and reprioritize public spending. An assessment of existing sectoral data and consultations with Eswatini's private sector and policy makers suggest that four sectors can help drive the export-led private sector growth model. To return to an export-led growth model, Eswatini needs to increase export competitiveness by advancing regulatory reforms and improvements in trade logistics that include regional collaboration to address trade facilitation constraints. Finally, given the country's vulnerability to climate risks, policies to foster economic resilience amid extreme weather events (mainly droughts that affect agriculture) and improve disaster preparedness need to be pursued. The private sector must adapt to this challenge and work with the government to improve climate resilience
    DOI: 10.1596/38335
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  • 11
    Online Resource
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    Handbook for Scaling Irrigation Systems (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agricultural Study
    Keywords: Access To Finance ; Agricultural Irrigation and Drainage ; Agriculture ; Asset Management ; Finance and Financial Sector Development ; Financial Structures
    Abstract: The demand for more efficient use of land and water resources to enable farmers to produce food using climate-resilient processes continues to grow in the face of a growing global population and the impacts of climate change and other shocks such as Coronavirus (COVID-19). Although irrigation has been widely promoted as important for productivity and resilience, it has not been sufficiently expanded. Large, well-established irrigation projects developed by public institutions and select private sector projects play an important role in providing access to irrigation, but they are insufficient to meet need. In parallel, farmers have been developing effective small-scale irrigation (SSI) options that include a range of technologies, financing methods, and operating models. International Finance Corporation (IFC) and the International Fund for Agricultural Development (IFAD) are global organizations focused on promoting resilient agriculture and food system transformation. This handbook takes a practical approach in guiding its target readers, which comprise policy makers, governments and government agencies, private sector actors, and development institution partners, on how to deliver effective design and operation strategies, combined with financing models, to implement and sustainably expand use of irrigation
    DOI: 10.1596/38336
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  • 12
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    Transcript of World Bank Group President David Malpass's Interview with James Coomarasamy on BBC Radio's The World Tonight (2022)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/37785
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  • 13
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    Introductory Remarks by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Conflict and Development ; Energy ; Food Security ; Inequality ; Inflation ; Macroeconomics and Economic Growth ; Municipal Bond Markets ; Poverty Reduction ; Urban Development
    Abstract: These opening remarks were made by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution on July 13, 2022. Mr. Malpass said the world is facing multiple crises, including the sharpest slowdown in GDP growth in 80 years, the risk of a frozen crisis in Ukraine due to Russia's invasion, and a massive worsening in global inequality as advanced economies absorb the limited supplies of global capital and energy. Global growth is not expected to rebound in 2023, given energy supply constraints; the long overdue normalization of interest rates and bond yields in the advanced economies; and the misallocation of investments that has pushed much of the world's savings into bonds, mostly bonds issued by governments and overcapitalized borrowers. The global economy is also facing significant downside risks. These include intensifying geopolitical tensions, the fragility in many countries, the potential for an extended period of stagflation, the widespread financial stress that's caused by the higher borrowing costs, and food insecurity
    DOI: 10.1596/37807
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  • 14
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    Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agricultural Trade ; Agriculture ; Conflict and Development ; Fertilizers ; Food Security ; International Affairs
    Abstract: These remarks were delivered by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security on June 24, 2022. He said food systems were fragile even before Russia invaded Ukraine, and the war has now accelerated a global food crisis. He recommended the following actions that countries should take to mitigate impacts of higher food prices and make sure that the most vulnerable continue to have food: First, support vulnerable households through social safety nets and well-targeted cash transfers; Second, enhance the next season's production by facilitating farmers' access to agriculture inputs such as fertilizers; Third, invest in strengthening the resilience of food systems; and fourth, and most importantly, facilitate increased trade by building international consensus. He said that to help countries taking these actions, the World Bank Group is making up to thirty billion available over the next fifteen months. He highlighted that together with the G7 Presidency, the World Bank has co-convened the Global Alliance for Food Security - an alliance for countries and organizations to support existing initiatives and catalyze an immediate and concerted response. He concluded by saying that he looks forward to more opportunities to work with G7 member countries and other organizations
    DOI: 10.1596/37719
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  • 15
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    Transcript of Conversation with David Malpass and Masood Ahmed on the Way Forward (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Climate Change Economics ; Conflict ; Conflict and Development ; Economic Insecurity ; Food Security ; Inequality ; Macroeconomics and Economic Growth ; Poverty ; Poverty Reduction
    Abstract: These remarks were delivered by the World Bank Group President David Malpass in conversation with Masood Ahmed, the President of the Center for Global Development on May 26, 2022. They both discussed on the following topis: (i) respond to the COVID crisis and now to the latest set of crises from Russia's invasion of Ukraine; (ii) the world moves away from the dependence on Russian energy, then new supplies will be vital; (iii) COVID Vaccination; (iv) fighting climate change; (v) global public goods; (vi) climate change action plan; (vii) climate financing; (viii) sustainable debt finance process; (ix) food security and infrastructure development; (x) possible global recession; (xi) education sector; (xii) human capital index; (xiii) the G7 communique; and (xiv) low-income households
    DOI: 10.1596/37769
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  • 16
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    Addressing Challenges to Growth, Security and Stability Speech by World Bank Group President David Malpass at the Warsaw School of Economics (2022)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/37795
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  • 17
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    Recorded Remarks by World Bank Group President David Malpass at the World Government Summit 2022 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation to Climate Change ; Climate Change Economics ; Economic Diversification ; Energy ; Energy and Economic Development ; Energy Resources Development ; Environment ; Macroeconomics and Economic Growth ; Solar Energy
    Abstract: This report discusses the remarks delivered by World Bank Group President David Malpass at the World Government Summit 2022. He discusses: Middle East and North Africa (MENA) will soon be the epicenter of the upcoming climate action discussions, with Egypt hosting COP27 and UAE COP28. From a global perspective, more access to clean energy will be critical for development. 760 million people, many of whom live in the poorest countries, remain without access to electricity. Regional cooperation on energy can bring GCC financing and expertise to the rest of the MENA region. With the current situation in commodity markets, the fiscal bill for fuel subsidies will crowd out many other activities if left unreformed
    DOI: 10.1596/37794
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  • 18
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    Creating Markets in Botswana - A Diamond in the Rough : Toward a New Strategy for Diversification and Private Sector Growth - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Business Environment ; Climate Change ; Climate Change Economics ; COVID-19 ; Economic Growth ; Energy ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Private Sector Economics ; Water
    Abstract: Diamonds have been at the center of Botswana's growth miracle for decade - but the urgency to diversify is stronger than ever. Although Botswana's economy has undergone transformation over the past decades, the shift has been largely into non-tradable services, with limited gains in employment, income equality, and export diversification. In addition, Botswana's high vulnerability to climate change, which affects all major sectors of the economy, underscores the need to strengthen Botswana's response to climate factors as a basis for renewed, sustainable growth. A positive growth outlook and steps taken as part of the Coronavirus disease 2019 (COVID-19) crisis response should give the government new impetus to accelerate reforms. Success in diversifying the economy will depend on the decisive implementation of structural measures to increase private sector participation in nonmineral exports and transformative sectors. The dominant role that the government of Botswana still plays in large parts of the economy, particularly through its footprint as a shareholder in companies in the corporate sector, is a critical constraint that inhibits the entry and success of private sector participants. Gaps in infrastructure, access to finance, and skills are additional key constraints to employment and productivity growth. A coordinated approach to financing entrepreneurship and policies to increase uptake of digital finance can help close the gap. Trade barriers are another key cross-cutting constraint for the private sector, and a greener path for the economy can be unlocked by facilitating improved trade in environmental goods and services (EGS). Three key recommendations for the energy sector are as follows. The first recommendation is the fast tracking of instruments to facilitate investment in energy infrastructure development, including independent power producer (IPP) licensing, and procurement guidelines and processes. The second recommendation is the enhancement of the institutional capacity and governance model of the Botswana Energy Regulatory Authority (BERA). The third recommendation is the development of credit-enhancement and risk-mitigation strategies and supporting instruments to attract and mobilize private sector investment
    DOI: 10.1596/37881
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  • 19
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    Creating Markets in Mali : Mobilizing the Private Sector for Economic Resilience and Recovery - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Access To Finance ; Agribusiness ; Agriculture ; Business Environment ; COVID-19 ; Emerging Markets ; Energy Sector ; Livestock ; Private Sector ; Private Sector Development ; Private Sector Economics ; Special Economic Zones
    Abstract: Until the onset of the coronavirus disease 2019 (SARS-CoV2) COVID-19 pandemic and despite the deteriorating security situation, Mali's economic growth averaged five percent since 2014, on par with its long-term potential. Mali's fragile state status has also taken a toll on economic activity and social welfare by reducing access to markets, threatening food security, and degrading human capital indicators. With an increasing debt burden resulting in limited fiscal space to address persistent security risks and to combat the COVID-19 pandemic, the government of Mali is compelled to refocus the role of the state and unleash the potential of the private sector to boost productivity growth, to diversify the economy away from a narrow base, and to ensure inclusive economic and social welfare for all Malians. The growth model will be readdressed around energizing investment, creating resilient markets, and building back better for a more resilient recovery via (a) improving the business environment; (b) crowding-in private participation in the delivery of infrastructure and certain public services; (c) ensuring that remaining state-owned enterprises and private firms compete on equal terms - that is, upholding competitive neutrality principles; (d) expanding public-private partnerships in key sectors, through transparent and competitive procurement; and (e) leveraging digital solutions by further enhancing digital infrastructure that would, in turn, increase the uptake of digital financial services and digital platforms for key sectors of the economy, such as agriculture, and digitize government services (e-government)
    DOI: 10.1596/37862
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    Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Agribusiness ; Business Environment ; Emerging Markets ; Innovation ; Private Sector ; Private Sector Development ; Private Sector Economics
    Abstract: Despite a challenging transition period and a string of adverse shocks, in recent decades Albania has made major strides in raising per capita income and integrating into the world economy. A dynamic private sector has become the engine of Albania's economic development, and its increasing role continues to offer opportunities for expanding the country's economic base and promoting faster and more diversified export-oriented growth. Albania is endowed with considerable economic assets, including a strategic geographical position, exceptional natural beauty, and abundant renewable and nonrenewable resources. A politically stable environment, improving governance indicators, and a record of dependable macroeconomic policies have supported the process of European Union (EU) accession, which offers a wide array of opportunities for the development of the Albanian private sector. Because a small domestic labor pool and consumer market limit the potential for economies of scale, sustaining Albania's economic expansion will require intensifying its integration with the global economy. Despite decades of progress, Albania continues to face serious structural and policy challenges. The country's economic expansion has not been matched by commensurate improvements in productivity. In this context, the World Bank Group has prepared the following country private sector diagnostic (CPSD) to assist the authorities in their efforts to leverage Albania's geographic location, natural assets, and improved institutional and policy framework to promote diversification, competitiveness, and robust private-sector-led growth. The analysis highlights the importance of improving the business environment while stepping up investments in technology and innovation. The report explores three critical sectors for accelerating and diversifying growth: agribusiness and food processing, tourism, and automotive manufacturing
    DOI: 10.1596/37868
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    Remarks by World Bank Group President David Malpass at the High-Level Event on Access to Grains and Fertilizers in Africa During UNGA 77 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Climate Change and Agriculture ; Energy ; Energy Demand ; Energy Markets ; Food Security
    Abstract: This report discusses the readout from World Bank Group President David Malpass's meeting at the at the High-Level event on access to grains and fertilizers in Africa during UNGA 77. The global food, energy, and fertilizer crisis is taking a toll on developing countries. These sectors are closely interlinked. Natural gas is used both as a feedstock and energy source in the production of ammonia, accounting for 70 to 80 percent of ammonia production costs. The rapid increase in gas prices has turned into an increase in fertilizer prices, with fertilizer prices tripling over the past two years. Last Friday, we released our Food Security Update, despite the recent stabilization of agriculture prices and the resumption of grain exports from the Black Sea, high food inflation and food security remain a critical concern. The challenge is meeting the immediate demand for fertilizers to support next season's crops. Current projections suggest that Africa's unmet demand could reach four million metric tons this year, with West Africa facing the most acute challenges this growing season
    DOI: 10.1596/38064
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  • 22
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    Remarks by World Bank Group President at the Opening Session of the 8th Tokyo International Conference on African Development (TICAD 8) (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Access of Poor To Social Services ; Poverty Reduction ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: These remarks were delivered by World Bank Group President, David Malpass at the Opening Session of the 8th Tokyo International Conference on African Development (TICAD 8) on August 27, 2022. He said that the World Bank Group remains a committed, long-term partner to Africa, and nearly half of IBRD and IDA funding goes to Africa, and they work together closely in several areas as follows: First, the World Bank Group is advising governments on necessary trade policies, including on the need to avoid export bans and other trade-restrictive measures; Second, help African countries provide much needed, targeted social protection for the most vulnerable; and Finally, much of work in Africa is supported by IDA, their fund for the world's poorest. He concluded by reaffirming his special thanks to Prime Minister Kishida for his leadership in promoting the cause of developing countries and effective international financial institutions, and their very strong partnership with Japan
    DOI: 10.1596/37969
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  • 23
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    Energy Sector Baseline Study in the Kakuma-Kalobeyei Refugee-Hosting Area in Kenya (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Study
    Keywords: Energy ; Energy Consumption ; Energy Demand ; Energy Finance ; Energy Markets ; Energy Sector
    Abstract: Kakuma as a marketplace, a 2018 consumer and market study of Kakuma refugee camp in northwest Kenya, estimates that Kakuma camp and its hosting community have 2,100 refugee-owned businesses and are worth 56 million dollars based on household consumption. This study provides information for businesses in the energy sector to help them assess opportunities for providing or expanding energy services in the Kakuma and Kalobeyei areas; it also provides insights to inform International Finance Corporation (IFC) interventions. The study maps the supply of and demand for energy for lighting, cooking, and productive use among households and businesses in the camp and examines the regulatory environment affecting the energy sector
    DOI: 10.1596/37863
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    Remarks by World Bank Group President David Malpass at the Eighth Ministerial Meeting of the Coalition of Finance Ministers for Climate Action - Annual Meetings 2022 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation To Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Competition ; Economic Forecasting ; Environment ; Macroeconomics and Economic Growth ; Recession ; Science and Technology Development ; Science of Climate Change
    Abstract: These remarks, as prepared, were delivered by World Bank Group President David Malpass at the Eighth Ministerial Meeting of the Coalition of Finance Ministers for Climate Action, during the Annual Meetings on October 12, 2022. The remarks focus on major challenge of climate change and the global outlook. The World Bank Group (WBG) can help in many ways, and is working closely with the IMF and with other multilateral development banks (MDBs). We are implementing our Climate Change Action Plan with clear, intense, and focused measures to help our client countries fully integrate climate and development. They require diagnostics, impactful projects, WBG resources, and large-scale financing. A principal goal of the action plan is to build financing mechanisms to help the global community support global public goods, such as climate action in developing countries
    DOI: 10.1596/38173
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    Remarks By World Bank Group President David Malpass at an Event for the Africa Higher Education Centers of Excellence : A Pathway Towards Sustainable Development (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Education ; Education for the Knowledge Economy ; Education Indicators and Statistics ; Science and Technology Development ; Science Policies
    Abstract: These remarks were delivered by World Bank Group President David Malpass at an event for the Africa Higher Education Centers of Excellence : A Pathway Towards Sustainable Development on October 17, 2022. He congratulated the ACE centers, and their host institutions and governments for working across borders to achieve impressive innovative research outputs and the training of the next generation of Africa's scientists, engineers, ICT specialists and teachers across the priority sectors of education, health, agriculture, STEM, and environment. He also thanked the Association of African Universities (AAU), the Inter-University Council of East Africa, the French National Research Institute for Sustainable Development (IRD), the French Development Agency (AFD), and the China-World Bank Partnership Facility. He said that the ACE program offers regional specializations which are attracting students, researchers, and industry from the entire continent and enhancing regional integration in Africa. In keeping with the focus on leveraging partnerships, last month the World Bank entered into a Memorandum of Understanding with six Historical Black Colleges and Universities (HBCUs). He highlighted that the ACEs are a great example of how building coalitions for change can help to enhance tertiary education in Africa. He concluded by saying that he looks forward to hearing about the innovation and impact of the ACEs as he walks through the exhibition
    DOI: 10.1596/38293
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  • 26
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    Remarks by World Bank Group President David Malpass at the U.S. Treasury's MDB Governors Roundtable on the Partnership for Global Infrastructure and Investment (PGII) and Private Capital Mobilization (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Business Environment ; Environment ; Green Issues ; Infrastructure Economics and Finance ; Law and Development ; Private Participation in Infrastructure ; Private Sector Development ; Private Sector Development Law
    Abstract: These remarks were delivered by the World Bank Group President David Malpass at the U.S. Treasury's MDB Governors Roundtable on the Partnership for Global Infrastructure and Investment (PGII) and Private Capital Mobilization on October 18, 2022. He mentioned three of the World Bank activities as follows: (i) First is World Bank's trust funds and Financial Intermediary Funds, such as Global Infrastructure Facility and Public-Private Infrastructure Advisory Facility, which the Bank established as an Umbrella program to increase their upstream advisory support; (ii) Second, the World Bank actively use guarantees to increase capital flows to infrastructure and is working on ways to catalyze more private capital through appropriate de-risking instruments; and (iii) Third, World Bank's work on Quality Infrastructure Investment (QII) is key to increasing private investment opportunities. He also shared the following three updates: (i) First, he was pleased to see that the G20 adopted the Compendium of QII Indicators; (ii) Second, the World Bank works closely with client countries and development partners at the upstream level to improve the enabling environment for the private sector; and (iii) Third, The World Bank is of course working on new ideas and he welcomed their engagement here too. He said that importantly, the World Bank introduced the SCALE trust fund at last week's Annual Meetings. He concluded by saying that he wants to be using the full suite of World Bank, IFC, and MIGA financing instruments and capabilities to unlock larger volumes of private finance for quality, sustainable infrastructure
    DOI: 10.1596/38291
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  • 27
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    Business Case for Creating Respectful Workspaces in Sri Lanka (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Law and Development ; Social Conflict and Violence ; Social Development ; Social Protections and Labor ; Work and Working Conditions
    Abstract: Workplace violence and harassment is pervasive, and it affects all countries, occupations, and work arrangements. This problem comprises a range of unacceptable behaviors that result in, or threaten physical, psychological, sexual, or economic harm, including gender-based violence and harassment. Between 2020 and 2022, the International Finance Corporation (IFC) conducted a study to better understand the prevalence and impact of violence and harassment on employees and businesses in Sri Lanka. This research covered workplace experiences and behaviors, and how these affect employees. The findings presented in this report will be used to develop tools and resources to help companies prevent and address violence and harassment connected with the workplace. The findings demonstrate the importance of employers' measures to address workplace violence and harassment, including through implementing measures that are consistent with International Labour Organization Convention 190 on Violence and Harassment
    DOI: 10.1596/38338
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    Remarks by World Bank Group President David Malpass at the Virtual COVID-19 Global Action Plan Foreign Ministerial Meeting (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Communicable Diseases ; Disease Control and Prevention ; Health, Nutrition and Population ; Immunizations
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the Virtual COVID-19 Global Action Plan Foreign Ministerial Meeting on July 19, 2022. He said that Coronavirus (COVID-19) has highlighted the pressing need for action to build stronger health systems and mobilize additional resources for Pandemic Prevention, Preparedness, and Response or PPR. He mentioned that when COVID-19 struck, it required immediate support for developing countries, and the World Bank Group mounted the fastest and largest response in our history with operations in over 100 countries. He declared that the World Bank Group is working closely with the COVID-19 Vaccine Delivery Partnership to support focus countries to achieve their coverage goals. He said that they have worked closely with the WHO, IMF, and WTO throughout the pandemic. He also added that they have also worked with other development partners, including USAID and JICA, to strengthen the laboratory capacity of regional entities, such as the Africa CDC. He mentioned that the World Bank Group is proceeding quickly to establish a financial intermediary fund or FIF to mobilize additional resources for PPR and complement efforts to strengthen health systems in developing countries and regions. He concluded by saying that they look forward to more countries joining this partnership, to strengthening health systems further, and to working together on this critical agenda, including at the Tokyo International Conference on African Development (TICAD) in August in Tunisia
    DOI: 10.1596/37812
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  • 29
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    Remarks by World Bank Group President David Malpass at the WHO Ministerial Briefing on the Global COVID-19 Vaccination Strategy and Implementation (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Communicable Diseases ; Disease Control and Prevention ; Health Service Management and Delivery ; Health Systems Development and Reform ; Health, Nutrition and Population
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the WHO Ministerial briefing on the Global Coronavirus (COVID-19) Vaccination Strategy and Implementation on July 21, 2022. He said that over the past months, much of the world's attention has shifted to Russia's invasion of Ukraine and the risks it poses to global supplies of energy and food. He added that we are simultaneously facing many other crises, including the sharp rise in inflation and poverty, climate, the learning losses from school closures, and more countries facing conflicts and violence. He mentioned that even as the virus has continued to mutate, vaccines remain highly effective at reducing serious illness and death. He highlighted that the World Bank has supported developing countries with COVID-19 emergency health and vaccine operations in more than 100 countries amounting to over fourteen billion. He spoke about their vaccine financing is helping countries purchase and distribute vaccines, expand storage and cold chains, develop tracking systems, train health workers, engage citizens and communities, and strengthen health systems. He gave three examples of the Bank's efforts in supporting countries: Bangladesh, Uganda, and Liberia. He said that World Bank Group has also been working through World Bank-financed projects and through the Global Financing Facility platform to provide financing and prioritization of primary health care systems that will deliver immunization and other essential services. He also mentioned about ongoing efforts to provide additional financing to address critical gaps in pandemic prevention, preparedness, and response (PPR). Finally, he concluded by inviting all member States to continue collaborating to bring the COVID-19 pandemic to its end, including vaccinating the most vulnerable, and work together to build stronger, resilient health systems that are ready to prevent, detect and respond to future emergencies
    DOI: 10.1596/37808
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    Remarks by World Bank Group President David Malpass at the Sina Finance 2022 ESG Global Leaders' Summit (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation to Climate Change ; Climate Change Economics ; Climate Change Impacts ; Energy ; Energy Policies and Economics ; Environment ; Macroeconomics and Economic Growth ; Renewable Energy
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the Sina Finance 2022 ESG Global Leaders' Summit on June 28, 2022. He mentioned that in response to Russia's invasion of Ukraine, countries are shifting their energy policy priorities in ways that may slow down the energy transition and affect global climate goals and the achievement of electricity access. He said that the increased price of natural gas is already causing increased use of coal, diesel, and heavy fuel oil in the developing world. He insisted that it will be important to identify, fund and implement the most impactful projects in terms of GHG emissions and resilience in adapting to major climate vulnerabilities. .He said that to help focus efforts in developing countries, the World Bank Group has launched a new core diagnostic called Country Climate and Development Reports, or CCDRs. He described that constant innovation will be needed as the private sector applies significant funding to global public goods. He highlighted that the World Bank promotes global transparency on climate metrics, targets, and outputs so that we can create opportunities, tackle challenges, and help countries maximize positive outcomes in their climate transition. He mentioned that China's role as a major global creditor gives it additional responsibility to support the global shift toward investments with high ESG standards. He concluded by saying that a commitment to high standards of transparency and environmental and social risk management, similar to the standards that the World Bank Group and other MDBs follow, would help recipient countries achieve sustainable development while also significantly lowering risks for Chinese investors themselves
    DOI: 10.1596/37717
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    Remarks by World Bank Group President David Malpass on World Environment Day 2022 - Mobilizing Communities for Sustainability : The Role of the Indian State (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation to Climate Change ; Climate Change ; Climate Change Impacts ; Environment ; Natural Resources Management ; Rural Development
    Abstract: These were the remarks delivered by World Bank Group President David Malpass on World Environment Day 2022 about Mobilizing Communities for Sustainability : The Role of the Indian State on June 5, 2022. He said that on the occasion of the world's environment day and in honor of Prime Minister Modi's focus on Lifestyle for the Environment (LiFE) and his call for papers, he was guided to the ancient texts of India and enlightened by their great respect for the natural world and the environment. He focused on the question of what the state can do to mobilize communities at scale for sustainable economic growth and development. He mentioned that localizing decisions to the community level has been an important part of India's development philosophy. He highlighted on getting prices right remains a vital prerequisite for changing behaviors of communities and strengthening the economy. He said that getting institutions right is also a vital prerequisite. He mentioned that alongside community motivators, mobilizing communities around development and climate-related issues will require more effective local governments and local administration. He said that to help support change, India has an impressive system of cash and non cash transfers that forms the foundation of a strong social protection system using a unique ID mechanism. He also added that it is vitally important, the state must get pricing policies and institutions right in order to credibly invite communities to participate in development programs as part of a mass movement. He said that they look forward to supporting this with a whole of World Bank approach combining the full resources and energy of the IBRD, IDA, IFC and MIGA. He highlighted that call for papers offers the opportunity to use scholarly work to understand better how policies and institutions matter in incentivizing and leveraging communities around development issues. He concluded by saying that let us not lose this learning opportunity being offered here that day by Prime Minister Modi, who said recently that once people are determined to do something together, they do wonderful things
    DOI: 10.1596/37770
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    Remarks by World Bank Group President David Malpass to the 52nd Washington Conference on the Americas (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Covid-19 ; Energy ; Energy Finance ; Energy Sector Regulation ; Equity and Development ; Fertilizers ; Food Security ; Inequality ; Inflation ; Poverty Reduction
    Abstract: These remarks were delivered by World Bank Group President David Malpass to the 52nd Washington Conference on the Americas. He discusses: the Bank forecast that Latin America and the Caribbean will grow by only 2.3 percent in 2022. Energy, food, and fertilizer prices are rising at a pace not seen in many years, hitting the region's poor particularly hard. The commodity price boom will benefit natural resource exporters and government revenue. One key unfolding crisis is the rise of inflation in advanced economies. At the primary and secondary levels, the learning losses from the Coronavirus disease 2019 (COVID-19) lockdown policies need to be urgently addressed. As the leaders from the region gather for the Summit of the Americas in Los Angeles, it provides an opportunity to be strategic in addressing the challenges ahead
    DOI: 10.1596/37805
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    Remarks by World Bank Group President David Malpass at World Bank Group 2022 Spring Meetings Ministerial Roundtable for Support to Ukraine (2022)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/37782
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    Transcript of World Bank Group President David Malpass at Spring Meetings 2022 Opening Press Conference (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation to Climate Change ; Agriculture ; Climate Change Mitigation and Green House Gases ; Electric Power ; Energy ; Environment ; Food Security ; Macroeconomics and Economic Growth
    Abstract: These remarks were delivered by World Bank Group President David Malpass at Spring Meetings 2022 Opening Press Conference on April 20, 2022. He said that the World Bank Group has been acting fast in the face of the crises: first the 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 is working actively on climate, through their 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 insisted that one of the solutions for the world is to recognize that markets are forward looking. He mentioned that as interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions. He hopes and expects that many countries will step forward with individual solutions to alleviate the food crisis and the fertilizer crisis. He explained the efforts to support people within Mexico, and the World Bank is interested in working with governmental entities on that. He spoke about Nigeria has huge opportunity because of its natural resources and because of its people, and could see its growth accelerate with improvements in policy. He insisted that there needs to be substantial investment in the backbone of the global electricity system in terms of baseload and grid in order to get through to the other side of this energy crisis. He did a joint statement with IMF, with WTO, and with the World Food Program late the week before stating these views, that it's important that the world increase supply and not close markets, not fragment markets, as we move through this crisis. He hopes, as we look at the resolution to the current crisis, one of the key steps will be for the central banks and the fiscal authorities to use their tools to improve the allocation, to allow an allocation of capital that goes more towards small businesses, new businesses, and developing countries
    DOI: 10.1596/37802
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    Remarks by World Bank Group President David Malpass at the Ninth World Water Forum in Dakar, Senegal (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Access To Finance ; Conflict ; Environment ; Finance and Financial Sector Development ; Law and Development ; Water Resources ; Water Resources Law ; Water Resources Management ; Water Supply and Sanitation
    Abstract: These remarks were delivered by World Bank Group President David Malpass at Remarks by World Bank Group President David Malpass at the Ninth World Water Forum in Dakar, Senegal on March 21, 2022. At the Fragility Forum at the World Bank in early March, we showed that 23 countries, with a combined population of 850 million people, are facing high, or medium-intensity conflict. Over 300 million people in fragile and conflict settings experienced acute food insecurity in 2021, and the war in Ukraine is making shortages and food price spikes even worse. The COVID-19 pandemic has brought dramatic reversals in development outcomes. Indicators of poverty, growth, nutrition, education, and security are all deteriorating, rather than improving as is needed for the world to truly develop. The latest hammer blow is inflation and rising interest rates. They hit the poor the hardest and make inequality worse. Today's world faces other enormous challenges. The Water Forum today focuses on the importance of water security for development and peace. Population growth and increased use of water are creating water scarcity and intense competition for water. Ongoing climate change heightens the water crisis, which is starkly evident in Africa. Only 58 percent of Africans have access to safe drinking water. Only 10 percent of hydroelectricity potential is being put to work. Globally, 2 billion people lack access to safely managed drinking water and over 3.6 billion people lack safely managed sanitation
    DOI: 10.1596/37772
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    Creating Markets in Uganda : Growth through the Private Sector and Trade - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Agribusiness and Markets ; Business Environment ; Business in Development ; Global Value Chains and Business Clustering ; Private Sector Development ; Rural Development
    Abstract: This Country Private Sector Diagnostic (CPSD) investigates the potential for greater private sector investment to meet some of Uganda's development challenges. At least 600,000 Ugandans enter the labor market every year, making for a workforce that is increasingly younger and urban based. To address the country's simultaneous productivity and job challenge requires a focus on growth in sectors that can leverage demand from abroad, are labor intensive, and low skilled. Three sectors hold promise in this regard: agribusiness, which is important for productivity, employment, and export growth; energy as an enabler of overall productivity; and housing because of its role in fueling growth in the labor-intensive construction sector and alleviating the demographic pressures that rapid urbanization puts on Ugandan cities. Within the agribusiness sector, the CPSD considers three of the most promising value chains-fish, dairy, and maize-and undertakes a more disaggregated assessment of the environment for private investment
    DOI: 10.1596/37857
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    Creating Markets in Chile : A Stronger Private Sector for a More Productive and Inclusive Society - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Foreign Trade Promotion and Regulation ; Free Trade ; Private Sector Development ; Productivity ; Science and Technology Development ; Trade
    Abstract: Chile has long had a strong private sector that has enjoyed an accommodating and supportive policy environment. The imperative of building a green, knowledge-based, inclusive economy will inevitably continue to rely on the private sector playing a potent role as a partner in development. In an environment constrained by lower growth and productivity, Chileans are demanding access to better opportunities and improved services. The current constitutional process is an opportunity to set the stage for the private sector to be a stronger partner in building a more inclusive society and an innovative, productive, and greener economy. For this to happen, this country private sector diagnostic (CPSD) argues that three avenues will be essential: enhancing productivity, building a knowledge-based economy through more support to innovation, and upgrading skills for greater inclusion and innovation
    DOI: 10.1596/37872
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    Realizing Sustainability Through Diversity : The Case for Gender Diversity Among Sri Lanka's Business Leadership (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Women in Development and Gender Study
    Keywords: Decision Making ; Gender ; Gender and Economics ; Sustainability
    Abstract: This report makes the case for greater gender diversity on Sri Lanka's corporate boards and in senior management by highlighting the value propositions of such diversity for companies, communities, and ultimately the country. Diversity is about more than just gender, ethnicity, or religion. However, this report focuses primarily on promoting gender diversity in the workplace, particularly in the corporate boardroom and among senior management. Empirical evidence from around the world shows the importance and value of gender diversity in improving firms' overall performance, including but not limited to financial performance. Gender diversity among business leaders typically leads to better decision-making processes and better monitoring and strategy involvement. The business case for gender balance at the top goes beyond financial performance. Extensive research shows that having more women in business leadership positions leads to higher environmental, social, and governance standards, with a particularly clear connection when women achieve a critical mass of about 30 percent on company boards. Companies with enhanced environmental, social, and governance standards also perform better on critical metrics: stronger internal controls and management oversight, reduced risk of fraud or other ethical violations, positive workplace environment, greater stakeholder engagement, and improved reputation and brand. Therefore, having a more gender-balanced board and leadership team contributes to stronger environmental, social, and governance performance, which, in turn, leads to better business performance. Ultimately, diversity is about ensuring companies' competitiveness, performance, and long-term sustainability
    DOI: 10.1596/37866
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    Remarks by World Bank Group President David Malpass at the 2022 Annual Meetings Plenary (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Climate Change Economics ; Economic Conditions and Volatility ; Economic Growth ; Energy ; Energy Demand ; Food Security ; Macroeconomics and Economic Growth
    Abstract: These are the remarks delivered by World Bank Group President David Malpass at the 2022 Annual Meetings Plenary on October 14, 2022. He spoke about the following: (i) update on the Bank Group's financial results and a few of the immense challenges during COVID-19;(ii) emergency financing for Ukraine; (iii) capital Increases of IBRD and IFC; (iv) the IDA20 replenishment; (v) the Bank has established a new Financial Intermediary Fund (FIF) for Pandemic Prevention, Preparedness, and Response (PPR); (vi) Global Alliance for Food Security with the German G7 Presidency; (vii) SCALE, a new umbrella trust fund for the Bank's results-based climate activities; (viii) publishing Bank's Country Climate and Development reports, or CCDRs; and (ix) continue to work toward broad-based growth that reduces poverty and lifts all countries and all people
    DOI: 10.1596/38294
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    Remarks by World Bank Group President David Malpass at the State of Global Learning Poverty 2022 Update Report Launch (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Access and Equity in Basic Education ; Education ; Education Reform ; Gender ; Primary Education ; Teacher Training
    Abstract: These remarks were delivered by World Bank Group President David Malpass at The State of Global Learning Poverty 2022 Update Report Launch on June 28, 2022. He said that the COVID-related school closures and disruptions have deepened the learning crisis and worsened inequalities in education. He highlighted that the World Bank estimates that the share of 10-year-old children in developing countries who are unable to read and understand a basic text is now at 70 percent. He insisted that it's urgent for political leaders to act decisively to recover and accelerate learning and avoid a human capital catastrophe. He suggested that they can do that by prioritizing four learning recovery strategies and investments: First, re-enroll and retain children in school; Second, focus on foundational learning; Third, assess students' learning levels; and Fourth, support teachers with the practical training and learning materials that are proven to help students recover lost learning rapidly. He mentioned that the World Bank is committed to working with partners in support of countries to achieve more equal, effective, and resilient education, particularly for girls. He concluded by saying that it's critical that children and youth of this generation have the opportunity to shape the future they deserve
    DOI: 10.1596/37718
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    Remarks by World Bank Group President David Malpass at the 2022 Nordic Baltic Governors Meeting (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Capital Flows ; Climate Change ; Climate Change Economics ; Conflict ; Conflict and Development ; Covid-19 ; Economic Conditions and Volatility ; Macroeconomics and Economic Growth ; Refugees ; Social Development ; Voluntary and Involuntary Resettlement
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the 2022 Nordic Baltic Governors Meeting on June 9, 2022. He spoke about the following: war in Ukraine; the World Bank Group is responding, with increased financial support to FCV countries, and with more staff on the ground. Addressing the challenges of fragility, conflict and violence requires strengthened international cooperation and deeper collaboration with governments, with partners such as the UN, with civil society, and the affected populations themselves, and climate action
    DOI: 10.1596/37767
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    Remarks by World Bank Group President David Malpass to the Development Committee - 2022 Spring Meetings (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Conflict and Development ; Fertilizers ; Food Security ; Global Economy ; Inflation ; Macroeconomics and Economic Growth ; Water Resources
    Abstract: These remarks were delivered by World Bank Group President David Malpass to the Development Committee at 2022 Spring Meetings on April 22, 2022. In the case of Ukraine, the World Bank Group is doing everything we can to assist during the crisis. We have already mobilized more than 3 billion dollars of support, enlarged by your grants, guarantees, and parallel financing. We are also exploring other innovative financing options to support countries hosting Ukrainian refugees. Together with the IMF and other IFIs we are sending a clear signal that we stand with the Ukrainian people during these difficult times. The World Bank Group has made significant progress over the past decade in our engagements with countries facing challenges across the full spectrum of fragility, conflict, and violence. The Bank expects to have committed 11 billion dollars to purchase and deploy vaccines by the end of our fiscal year, benefiting 81 countries. As the world faces crises of refugees and IDPs, digitalization is creating new jobs, expanding financial inclusion, and improving the delivery of health, education, and social protection programs. It is also increasing the quality of government services, enhancing accountability, and reducing opportunities for corruption. The World Bank Group can work with the public and private sectors, in collaboration with other development partners, to develop and expand access to solutions aimed at harnessing the full potential of digital transformation
    DOI: 10.1596/37803
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    Remarks by World Bank Group President David Malpass to the U.S. Treasury's Event on Tackling Food Insecurity : The Challenge and Call to Action (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Energy ; Energy and Economic Development ; Food Security ; Human Migrations and Resettlements ; Social Development ; Voluntary and Involuntary Resettlement
    Abstract: These remarks were delivered by the World Bank Group President David Malpass to the U.S. Treasury's Event on Tackling Food Insecurity : The Challenge and Call to Action, on April 19, 2022. He spoke about Russia's invasion of Ukraine has triggered major threats to global food and nutrition security. He mentioned that the global food and fertilizer prices were already on the rise prior to the war. He added that food and nutrition insecurity were also rising. He described that the deepening of the crisis in the last two months is directly linked to the terrible war being waged by Russia on Ukraine, and the costly financial, shipping, and logistical hurdles now faced by agribusinesses and importers. He also said that food crises are particularly devastating for the poorest and most vulnerable people. He expects to launch an overall surge in their financial support in coming weeks. He told them that funding for food security will be an important component. He also mentioned two mechanisms that can be mobilized alongside IDA and IBRD, to boost food security and resilience, in a well-coordinated manner as follows: (i) the Global Agriculture and Food Security Program (GAFSP), which was set up by the G20 in response to the 2007-2008 food crisis; and (ii) the World Bank also hosts a multi-donor Trust Fund, Food Systems 2030, that can help countries strengthen their food systems to meet short and long-term goals. He spoke about the tragedy unfolding in Ukraine must not be compounded with another tragedy - a global food crisis. He concluded by saying that they can count on the World Bank Group to work with all partners to help the people of developing economies to confront these challenges
    DOI: 10.1596/37799
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    Remarks by World Bank Group President David Malpass to the Europe Institute at the University of Zurich (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Conflict and Development ; Debt ; Energy ; Energy Demand ; Energy Resources Development ; Finance and Financial Sector Development ; Global Public Goods ; Inflation ; Refugees ; Social Development ; Voluntary and Involuntary Resettlement
    Abstract: These remarks were delivered by World Bank Group President David Malpass to the Europe Institute at the University of Zurich. He discusses on: Churchill symposium; Ukraine, refugees, and fragility; energy realignment; inflation, debt, and growth; the challenge of global public goods; and Swiss partnership
    DOI: 10.1596/37784
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    Creating Markets in Sri Lanka : Private Sector-Led Inclusive Growth from Islands of Excellence: Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Agribusiness ; Agricultural Sector Economics ; Agriculture ; Covid-19 ; General Manufacturing ; Industry ; Information and Communication Technologies ; Information Technology ; Private Sector Development ; Private Sector Economics
    Abstract: Sri Lanka is a country of paradoxes. With the lowest poverty rates, best social indicators, and highest per capita income in South Asia, Sri Lanka's economic performance since independence had generally been hailed as a success before the current debt crisis. However, past performance occurred amidst many distortions and an economy less open than its peers, largely reflecting the strong involvement of the state in the economy. Even if this interventionist model of economic policy and the presence of many state-owned enterprises (SOEs) served the country well through the years of conflict and their aftermath, it is no longer sustainable. Indeed, after the rapid growth of the peace dividend in the years post-2009, the economy has faltered and progress on social indicators has stagnated. Many of market distortions remain and have been exacerbated by COVID-19. Understanding how, despite these handicaps, Sri Lanka achieved positive economic and social outcomes in the past provides the building blocks of a realistic, forward-looking growth strategy, one of the objectives of this Country Private Sector Diagnostic (CPSD). The research for this report was conducted prior to the current crisis, but the recommendations remain relevant to implementing public policies that will support private sector-led inclusive and sustainable growth
    DOI: 10.1596/37839
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    Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors at the 2022 Spring Meetings (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Conflict and Development ; Finance and Financial Sector Development ; Financial Structures ; Health, Nutrition and Population ; Immunizations ; Post Conflict Reconstruction ; Social Development ; Voluntary and Involuntary Resettlement
    Abstract: These remarks were delivered by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors at the 2022 Spring Meetings on April 20, 2022. He spoke about the following: (i) Global Economy and Risk; (ii) Global Health Issues; and (iii) International Financial Architecture
    DOI: 10.1596/37885
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    Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Business in Development ; Gender ; Gender and Economic Policy ; Governance ; Private Sector Development ; Private Sector Economics ; Unemployment
    Abstract: Honduras has significant investment potential, with ample productive resources, a solid industrial base, a market-oriented reform agenda, a strategic location with access to many international markets, and a growing labor force. The country's young and growing population is yielding a demographic dividend, which presents new opportunities for economic growth and diversification, especially in the service sectors such as business-process outsourcing (BPO) and in development of digital financial services (DFS). Honduras's rich endowment of resources and improving business climate have attracted rising levels of private investment, and the country achieved the second highest tradeto-GDP ratio in the Latin America and the Caribbean region prior to COVID-19 crisis. However, large-scale investment and trade have yet to generate rapid economic growth and robust poverty reduction. The public and private sectors will both play vital roles in Honduras's economic recovery. Ongoing targeted support will be necessary to address the health and humanitarian consequences of the pandemic, mitigate the resulting increase in poverty and inequality, and support the resumption of economic activity. This Country Private Sector Diagnostic (CPSD) is designed to help guide Honduras's private sector development agenda in this challenging and rapidly evolving context
    DOI: 10.1596/37871
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    Remarks by World Bank Group President David Malpass at the Transforming Education Summit during UNGA 77 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Access and Equity in Basic Education ; Economics of Education ; Education ; Education for the Knowledge Economy
    Abstract: This report discusses the remarks delivered by World Bank Group President David Malpass at the Transforming Education Summit during UNGA 77. The World Bank Group's support to countries covers the entire learning cycle. We have an active portfolio of 24 billion dollars in education in over 95 countries and are the largest external financer of education for the developing world. The World Bank is very pleased for the opportunity to deepen our partnership on education with other development institutions including UNICEF, UNESCO, the UK's Foreign Commonwealth and Development Office (FCDO), USAID, and the Bill and Melinda Gates Foundation. We are all committed to action, to continue strongly supporting countries in addressing education challenges through financing and technical assistance
    DOI: 10.1596/38061
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    Remarks by World Bank Group President David Malpass at the Future of Digital Cooperation Event : Building Resilience Through Safe, Trusted, and Inclusive Digital Public Infrastructure (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Access of Poor To Social Services ; Access To Finance ; E-Government ; Finance and Financial Sector Development ; Governance ; ICT Legal and Regulatory Framework ; Information and Communication Technologies ; Poverty Reduction
    Abstract: This report discusses the readout from World Bank Group President David Malpass's meeting at the Future of Digital Cooperation Event: Building Resilience Through Safe, Trusted, and Inclusive Digital Public Infrastructure. There have been severe reversals in development, and global policy trends suggest these will persist. Digital public infrastructure is a vital part of our response. Digital identification, payment, and data sharing platforms have made it possible for countries to respond more effectively, more transparently, at a greater speed and scale, and with more security and privacy. The World Bank Group is engaged across all these elements and our operations with significant digital components have been growing. Our portfolio stands at nearly 4.7 billion dollars. Through country engagements, we support our clients to boost mobile phone networks and remove regulatory barriers to foster access to finance. We are helping with the adoption of e-government platforms and the modernization of social protection systems. Our Global Findex database shows that 71 percent of adults in developing economies now have a formal financial account, often a bank account, compared to 42 percent a decade ago. It is critical to build on this trend. Expanding access to finance, reducing the cost of digital transactions, and channeling wage payments and social transfers through accounts will be critically important to mitigate the reversals in development from the ongoing turbulence
    DOI: 10.1596/38062
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    Remarks by World Bank Group President David Malpass at the 2nd Ministerial Roundtable for Support to Ukraine (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Conflict and Development ; Disaster Management ; International Affairs ; Post Conflict Reconstruction
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the 2nd Ministerial Roundtable for Support to Ukraine on October 12, 2022. Ukraine's basic non-military budget financing needs, dominated by essential social services, are substantial and need continued external financing support. Even more is needed to repair roads, bridges, homes, schools, energy infrastructure, and clinics. And as winter sets in, urgent support is needed for energy supplies and preparations for homes. To mobilize additional support, the World Bank has established a multi-donor fund to help the government sustain its capacity to deliver services, conduct relief efforts, and plan and implement the country's recovery and reconstruction
    DOI: 10.1596/38172
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    Annual Meetings 2022 Media Roundtable Opening Remarks by World Bank Group President David Malpass (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Environment ; Equity and Development ; Green Issues ; Poverty and Policy ; Poverty Reduction ; Pro-Poor Growth ; Recession
    Abstract: Transcript of the remarks delivered by President David Malpass at the 2022 World Bank Group annual meetings media roundtable. He outlines the most urgent current crises facing development, and answers questions from participants
    DOI: 10.1596/38126
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    Remarks by World Bank Group President David Malpass at the G20 Finance Ministers and Central Bank Governors' Meeting - Annual Meetings 2022 : Sessions 2, 4 and 5 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Capital Markets and Capital Flows ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Infrastructure Investment
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the G20 Finance Ministers and Central Bank Governors' Meeting - Annual Meetings 2022 on October 14, 2022. He spoke about the following: (i) International financial architecture; (ii) infrastructure investment; and (iii) sustainable finance
    DOI: 10.1596/38360
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    Remarks by World Bank Group President David Malpass at the G20 Finance Ministers and Central Bank Governors Meeting Held During the 2022 Annual Meetings (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Health Care Services Industry ; Industry ; Public Health Promotion
    Abstract: This report discusses the remarks delivered by World Bank Group President David Malpass at the G20 Finance Ministers and Central Bank Governors meeting held during the 2022 annual meetings. He discusses: the world needs to be much better prepared to respond to pandemics, catastrophes, and health emergencies. Investing in prevention and preparedness now will save lives and, over the medium term, will save resources. Since the COVID-19 pandemic is not yet behind us, let me first say a few words about our efforts to support countries through this pandemic. I'll then turn to the topic of preparedness and financing for future health crises. The World Bank Group's 157 billion dollars response to COVID-19 was unprecedented. It was the fastest and largest growth in our history. This helped countries evaluate their health capacity gaps, finance their health systems, secure vaccines, and turn those vaccines into actual vaccinations in the poorest countries. As of last week, our financing has helped 67 countries purchase over half a billion doses. Doses closely connected. The doses are closely connected to our financing of country deployment programs and monitoring, through workforce training, public awareness campaigns, logistics, cold chain capacity, syringes, and testing kits. Preparedness and building for the future are core to the World Bank's mission through comprehensive health projects. We are working to strengthen health systems in over 100 countries with an active portfolio totaling 30 billion dollars
    DOI: 10.1596/37018
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    Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Energy ; Energy Production and Transportation ; External Debt ; Fertilizer ; Finance and Financial Sector Development ; Food Security ; Health Economics and Finance ; Health, Nutrition and Population ; Recession
    Abstract: These opening remarks were made by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda on July 15, 2022. The report discusses about the COVID-19 pandemic and now Russia's invasion of Ukraine have caused a humanitarian and economic catastrophe. Recessions are likely in many countries. This will put heavy new burdens on fiscal deficits and debt markets. Ukraine is severely affected. The World Bank Group has been using all our tools to mobilize emergency financing for Ukrainians. More than 6 billion dollars of this financing has already been disbursed. The danger for other developing countries is acute due to inflation, currency depreciation, rising debt service costs, and the collapse of international reserves. These problems are severely constraining future growth and deepening inequality and fragility. The diversion of natural gas to Europe presents grave obstacles to developing country production of electricity, food, and fertilizer. Priority areas identified to complement work by existing institutions include disease surveillance; laboratory systems; emergency communication, coordination, and management; critical health workforce capacities; and community engagement
    DOI: 10.1596/37809
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    Transcript of Conversation with David Malpass and Samantha Power on the Way Forward (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Conflict ; Conflict and Development ; Food Security ; Fragile States ; Inflation ; Poverty ; Poverty Reduction ; Social Protections and Labor ; Social Safety Nets ; Usaid
    Abstract: These remarks were delivered by the World Bank Group President David Malpass in conversation with Samantha Power, USAID Administrator on June 21, 2022. They discussed about the impact of overlapping global crises on the poorest and most vulnerable people. The world, as people know, is in a very complicated situation, especially for people in poorer countries and the poor worldwide. It has to do with inflation, with food, with conflict, fragility, issues that we work with every day at the World Bank and USAID does, too. As people know, the World Bank works on an array of development issues and including and especially right now food and fertilizer. We have announced 30 billion dollars of assistance in the food-related areas as part of our response to the current set of crises. And one of the challenges is, in specific country areas, to find the right program. And we work very, very closely with development assistance agencies around the world, including and especially USAID
    DOI: 10.1596/37768
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    Remarks by World Bank Group President David Malpass at the 2022 Ibrahim Governance Forum (2022)
    Washington, D.C : The World Bank
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    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
    DOI: 10.1596/37781
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    Remarks by World Bank Group President David Malpass at the 2nd Global COVID-19 Summit (2022)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Capacity Building ; Communicable Diseases ; Disease Control and Prevention ; Health Systems Development and Reform ; Health, Nutrition and Population ; Pharmaceuticals and Pharmacoeconomics
    Abstract: These remarks were delivered by World Bank Group President David Malpass at the 2nd global Coronavirus disease 2019 (COVID-19) summit. He discusses: the World Bank Group is working hard to support developing countries with their health programs. Looking ahead, the new financial intermediary fund (FIF) - for pandemic prevention, preparedness, and response at the World Bank will complement the financing and technical advice - core instruments that strengthen health systems and preparedness. With support from the G20, the Bank is proceeding quickly to develop the FIF, working with interested governments, the World Health Organization (WHO), and other partners. To achieve better health outcomes, developing countries need strong political leadership, commitment, and consistent domestic investments. They also need more financial support from the international community to build capacity
    DOI: 10.1596/37804
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    Spring Meetings Press Conference Opening Remarks by World Bank Group President David Malpass (2022)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/37771
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    Spring Meetings 2022 Media Roundtable Opening Remarks by World Bank Group President David Malpass (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Communicable Diseases ; Disease Control and Prevention ; Energy ; Energy Markets ; Equity and Development ; Health, Nutrition and Population ; Inequality ; Inflation ; Macroeconomics and Economic Growth ; Poverty Reduction
    Abstract: This report discusses the remarks delivered by World Bank Group President David Malpass at the spring meetings 2022 media roundtable opening. He discusses on Coronavirus disease 2019 (COVID-19), inflation, and Russia's invasion of Ukraine
    DOI: 10.1596/37796
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    Remarks by World Bank Group President David Malpass at Fragility Forum 2022 : Development and Peace in Uncertain Times (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation to Climate Change ; Agriculture ; Climate Change and Agriculture ; Conflict ; Conflict and Development ; Environment ; Equity and Development ; Poverty Reduction ; Social Development ; Voluntary and Involuntary Resettlement
    Abstract: These remarks were delivered by World Bank Group President David Malpass at Fragility Forum 2022, Development and Peace in Uncertain Times on March 7, 2022. He said that there are no words to express the horror of the Ukrainian people, and the World Bank Group is doing everything it can to assist Ukraine and the region. He spoke about the largest refugee flow in Europe since WW2. He explained that they are assessing the consequences and how the WBG can respond, both in eastern Europe and in fragile countries around the world. He was hoping this fragility forum will confront challenges and provide new ideas on how the international community can more effectively help people facing conflict and fragility. He mentioned the following: (i) first, we are living in a world where protracted armed conflict keeps increasing, as we have seen in the Middle East and Africa, where immensely destructive impacts are reversing decades of progress in development; (ii) second, the pandemic has hit societies that are already in turmoil, food systems that are already impacted by climate change, and populations already displaced by conflict; (iii) third, climate change is a threat multiplier, placing major strain on economies and societies, particularly in fragile settings; and (iv) equally worrying are the new acute and destabilizing political crises, including coups d'etats, as well as the unfreezing of old conflicts and the emergence of new inter-state wars. He highlighted that the World Bank Group has been active in fragile settings from our very inception and the support to countries affected by fragile, conflict, and violence (FCV) has deepened over the last decade. He spoke about their current FCV strategy provides a basis for differentiating their response at every stage of fragility and conflict as follows: helping prevent or mitigate risks in fragile environments; ensuring that they remain engaged in active crises and conflicts; and working to ensure sustainable recovery in post-crisis transitions. He hopes that the discussions during the Forum will help deepen our understanding of challenges related to fragility and set the concrete actions and priorities for the international community, for governments, and for people working to reverse the alarming trends we are seeing now
    DOI: 10.1596/37773
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    Remarks by World Bank Group President David Malpass to the African Consultative Group at the 2022 Spring Meetings (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Conflict and Development ; Economic Insecurity ; Environment ; Environmental Disasters and Degradation ; Food Security ; Macroeconomics and Economic Growth
    Abstract: These remarks were delivered by World Bank Group President David Malpass to the Development Committee at 2022 Spring Meetings on April 22, 2022. The war in Ukraine is an added challenge to catastrophic droughts, the surge in food prices, and disruptions of food supply chains. An estimated 100 million people in Sub-Saharan Africa are expected to face food insecurity in the coming months. In Ethiopia, South Sudan and Madagascar, there were no rains for the past three years. In the Horn of Africa alone, twenty-five million people are facing famine. The Sahel faces drought, environmental degradation, displacement, poor trade integration, and the deteriorating security situation are key factors. Cameroon, the Gambia, Sudan, Tanzania, Kenya, and South Africa were major importers of agri-food products originating from Russia. Djibouti, Egypt, and Tunisia have already been experiencing high food price inflation over the past year owing to the region's dependence on cereal imports
    DOI: 10.1596/37783
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    Remarks by World Bank Group President David Malpass at the Seventh Ministerial Meeting of the Coalition of Finance Ministers for Climate Action (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Adaptation to Climate Change ; Climate Change Mitigation and Green House Gases ; Coal and Lignite ; Energy ; Environment
    Abstract: This report discusses the remarks delivered by World Bank Group President David Malpass at the seventh ministerial meeting of the coalition of finance ministers for climate action. He discusses: many climate interventions and projects offer large global public good benefits but require substantial resources and compensations and may offer no financial returns. The challenge is how to incentivize these activities. As carbon markets scale, they may provide part of the flow of financial benefit to support projects that reduce carbon emissions. To address this part of the challenge, the Bank have prepared a concept note that presents pooling private sector contributions in support of greenhouse gas (GHG) emission reduction projects into a financing platform in exchange for verified carbon credits. Globally, Finance Ministries also need to catalyze the private sector to help close the financing gap for investments in mitigation and adaptation
    DOI: 10.1596/37797
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    Keynote Remarks by World Bank Group President David Malpass to the European Union-African Union Summit on Peace, Security and Governance (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Conflict ; Food Security ; Inequality ; Inflation ; International Trade and Trade Rules ; Poverty Reduction ; Pro-Poor Growth
    Abstract: These keynote remarks were delivered by World Bank Group President David Malpass to the European Union-African Union Summit on Peace, Security and Governance on February 17, 2022. He spoke about the global misallocation of capital leaves developing countries with inadequate capital flows and unable to sufficiently respond to the multitude of challenges they face. He mentioned that the World Bank Group has significantly increased their support for fragile states over the last five years, providing 15.8 billion in FY21 for over thirty fragile and conflict-affected countries, many of them in Africa. He was gravely concerned by the rapid escalation in conflicts in countries such as Burkina Faso and Ethiopia. He said that without good governance, Africa will continue to face underinvestment, insufficient access to electricity and clean water, and regulatory barriers. He highlighted on their operations working toward better outcomes in terms of reduced poverty and higher incomes which means governance that promotes trade facilitation, builds accountability mechanisms, enhances systems for service delivery, and fosters citizen engagement. He declared that the Recovery and Peacebuilding Assessment between the EU, UN, and the World Bank helps governments identify their priority needs for recovery, reconstruction, and peacebuilding. He also works with the UN Peacekeeping Missions in Democratic Republic of Congo, Mali, and the Central African Republic, where they have been able to provide rapid support once insecure areas are stabilized. He concluded with noting that by 2030, two-thirds of the world's extremely poor people could be living in fragile countries, and together with their development partners, they must continue to ramp up our efforts to support the world's poorest and most fragile states in becoming more resilient, peaceful, just, and economically robust
    DOI: 10.1596/37883
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    The Business Case for Gender-Responsive Climate-Smart Mining (2022)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Women in Development and Gender Study
    Keywords: Energy ; Gender ; Gender and Economics ; Industry ; Social Aspects of Climate Change ; Social Development
    Abstract: Transitioning to a low-carbon economy is critical to the sustainability of the planet. A recent World Bank report found that increasing demand for clean energy technologies can increase demand for minerals such as graphite, lithium, and cobalt by nearly 500 percent by 2050. Even though the authors expect recycling rates to go up in the future, mining will still be required to supply critical minerals: the shift to a low-carbon future will be mineral-intensive, and mining will remain a critical industry. It is in this context that the World Bank Group established the climate-smart mining initiative (CSM), which is sustained by a partnership between industry and country governments. The initiative supports the sustainable extraction, processing, and recycling of the minerals and metals that are needed for low-carbon technologies. The concept is built upon four pillars: (i) climate mitigation; (ii) climate adaptation; (iii) reducing material impacts; and (iv) creating market opportunities
    DOI: 10.1596/37875
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    Creating Markets in Fiji : Overview and Summary of Key Findings from Sector Deep Dives - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Adaptation To Climate Change ; Business Environment ; COVID-19 ; Environment ; Private Sector ; Private Sector Development ; Private Sector Economics ; Resilience
    Abstract: This Country Private Sector Diagnostic (CPSD) comes at a challenging yet opportune juncture for Fiji to rebuild a more diverse and resilient economy amid the lingering impacts of COVID-19. Fiji recorded its strongest period of gross domestic product (GDP) growth (since achieving independence in 1970) in the decade leading up to COVID-19, underpinned by rising productivity and investment, improved political stability, and a booming tourism sector. However, the shocks of COVID-19 and a series of natural disasters, Tropical Cyclone (TC) Harold and TC Yasa, have been devastating for Fiji's economy, bringing widespread production disruptions and job losses. The increasing frequency of these weather events has also complicated Fiji's economic development strategy and plans. Fiji's real GDP declined by 15.2 percent in 2020 and is estimated to have contracted a further 4.0 percent in 2021, with the long-term ramifications of the COVID-19 pandemic on the economy yet to be fully seen. These shocks have also exacerbated some of Fiji's long-standing structural vulnerabilities, including the economy being vulnerable to repeated climate-related shocks, its lack of sectoral diversification, and sluggish private sector job growth (particularly among youth and women). In this context, the CPSD approach for Fiji to 'build back better' revolves around four key interrelated pillars: (1) unlocking new sectoral sources of growth beyond tourism; (2) strengthening economic and climate resilience; (3) leveraging Fiji's potential as an economic hub in the Pacific region; and (4) creating inclusive employment opportunities
    DOI: 10.1596/37867
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    Remarks by World Bank Group President David Malpass at the Launch of IDA20 in Tokyo, Japan (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Inequality ; Poverty and Policy ; Poverty Reduction ; Recession
    Abstract: This report discusses the remarks delivered by World Bank Group President David Malpass at the Launch of IDA20 in Tokyo, Japan. Global growth is expected to slow sharply from 5.7 percent in 2021 to 2.9 percent in 2022, with further slowing likely as more countries fall into recession. In developing economies, COVID-19 has already had a devastating impact on income growth and poverty reduction. The war in Ukraine is dealing yet another blow to their growth prospects. Developing countries are now expected to grow by a mere 3.4 percent in 2022, well below the average from 2011 to 2019. Each step in the progression of crises in recent years is leaving poorer countries further behind, adding to inequality. My deep concern is that these trends will persist. The World Bank Group is making around 170 billion dollars in financing available for new and existing projects over the 15 months starting April 2022 to support this crisis response package. This will be complemented by analytical and advisory work to strengthen evidence-based development policies and programs
    DOI: 10.1596/38050
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    The Crisis Facing Development : Speech by World Bank Group President David Malpass before the 2022 Annual Meetings (2022)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Energy ; Energy Demand ; Income ; Inflation ; Macroeconomics and Economic Growth
    Abstract: These remarks were delivered by World Bank Group President David Malpass before the 2022 Annual Meetings on the Crisis Facing Development on September 28, 2022. He spoke in detail about the following topics: (i) Human consequence of overlapping crises; and (ii) Confronting unprecedented fiscal and monetary policies
    DOI: 10.1596/38107
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    Remarks by World Bank Group President David Malpass to the G24 Meeting of Ministers and Governors (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Agriculture ; Climate Change ; Climate Change and Agriculture ; Climate Change Impacts ; Developing Countries ; Environment ; Inflation ; Macroeconomics and Economic Growth ; Social Development ; Social Risk Management
    Abstract: These remarks were delivered by World Bank Group President David Malpass to the G24 Meeting of Ministers and Governors on October 11, 2022. The developing world is facing an extremely challenging outlook shaped by sharply higher food, fertilizer, and energy prices, rising interest rates and credit spreads, currency depreciation, capital outflows, and higher level of debts that adds to higher inflation, impacting especially the poor. With the current trends, the risks of a global recession in 2023 are high. The World Bank Group, together with the IMF, stands ready to continue working with the G20 to make progress in the debt agenda and we look forward to working with India's upcoming G20 Presidency on this
    DOI: 10.1596/38170
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    Remarks at the Climate Adaptation Summit (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about how the World Bank recognizes and appreciates the Netherlands' leadership and expertise on adaptation. He focused on action and adaptation, which is a core activity in the World Bank Group's development activities. World Bank Group financing for adaptation increased from forty percent of climate finance in 2016 to over fifty percent in 2020. The Bank is committed to making it half of total climate finance for the next five years. In six West African countries, the World Bank Group is working to protect against coastal erosion, restore wetlands and mangroves, and build seawalls and dikes. He highlighted World Bank support for Risk Management Readiness Operations with Deferred Draw-Down Options in small island states across the Caribbean, Pacific and Africa to build institutions and strategies to handle national emergencies caused by natural disasters and to access instant funding when disasters strike. He spoke about steps taken to strengthen resilience in World Bank Group projects. He concluded by mentioning the World Bank's goal to help keep communities safe and to help them develop in ways that are resilient during climate change
    DOI: 10.1596/35077
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    Remarks to the Spring Meetings 2021 Development Committee (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about how the Development Committee plays an essential and unique role in the international cooperation architecture. He highlighted the actions taken by World Bank to respond quickly to the Coronavirus (COVID-19) pandemic, which includes new COVID-related emergency health programs in 112 countries, vaccination operations that are expected to reach four billion dollars in commitments available in fifty countries by mid-year, and a quick doubling of trade and working capital finance to help fill the banking vacuum that hit private sectors. He urged all to consider how we can restore growth in developing countries and help reverse the growing inequality, in terms of access to vaccinations, unsustainable debt, and adverse climate impacts. He was very pleased with the G20's endorsement of advancing the IDA replenishment cycle to 2021. He mentioned that the main elements of the World Bank Group's Climate Change Action Plan were presented last week. He discussed the three topics of Debt, Coronavirus (COVID-19) Vaccines, and Green Resilient and Inclusive Development which are critical to a sustainable recovery. He concluded we can generate a recovery that ensures a broad and lasting rise in prosperity, especially for the poorest and most vulnerable
    DOI: 10.1596/35456
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    Economic Recovery : Conversation with David Malpass, Kristalina Georgieva, and Janet Yellen (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the world facing major challenges, including COVID, climate change, rising poverty and inequality and growing fragility and violence in many countries. He highlighted vaccines, working closely with Gavi, WHO, and UNICEF, the World Bank has conducted over one hundred capacity assessments, many even more before vaccines were available. The World Bank Group worked to achieve a debt service suspension initiative and increased transparency in debt contracts at developing countries. The World Bank Group is finalizing a new climate change action plan, which includes a big step up in financing, building on their record climate financing over the past two years. He noted big challenges to bring all together to achieve GRID: green, resilient, and inclusive development. Janet Yellen, U.S. Secretary of the Treasury, mentioned focusing on vulnerable people during the pandemic. Kristalina Georgieva, Managing Director of the International Monetary Fund, focused on giving everyone a fair shot during a sustainable recovery. All three commented on the importance of tackling climate change
    DOI: 10.1596/35400
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    Remarks at the Human Capital Conclave (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, discussed the importance of investing in human capital for a green, resilient, and inclusive recovery from the Coronavirus disease crisis. He highlighted three important measures: 1) investing in people; 2) efficient expenditures and good governance; and 3) freeing up fiscal space
    DOI: 10.1596/35399
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    Remarks at the Global Health Summit Co-Hosted by the European Commission and Italy (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass highlighted that in the first year of the pandemic, the World Bank Group committed USD 180 billion to help countries respond to the health, economic, and social impacts of the pandemic. The Bank authorized USD 12 billion to help countries access and deploy vaccines, with the goal of vaccinating a billion people in developing countries. The World Bank launched a website to make all information about our vaccination projects easily accessible in one place. He urged countries with excess supplies to release their surplus doses as soon as possible to developing countries that have vaccination operations already in place, and he also urged all of them to increase the transparency of these delivery commitments. At Tuesday's Summit on Financing of African Economies, he announced his commitment to provide USD 150 billion in financing for sub-Saharan Africa over the next five years. Pandemic preparedness means investments across sectors, not just in health. The Coronavirus (COVID-19) pandemic has shown that social safety nets that provide digital cash transfers are particularly valuable, adding to the resilience of food security, basic health, and education. He concluded that the World Bank Group is committed to the health agenda. By working together, we can help developing countries build the resilience they need when they face major threats to their people's health
    DOI: 10.1596/35678
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    Remarks at the Venice Climate Conference (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic and the devastating economic losses. The World Bank Group is providing maximum support to developing economies to respond to the crisis, and working to help them recover in ways that will be sustainable, greener and more prosperous. The Bank Group financing is aligning with the Paris Agreement goals. The Group will help client countries in their efforts to develop and implement their Nationally Determined Contributions and Long-Term Strategies. The Group is enhancing core analytical products such as the recently launched Country Climate and Development Reports and a facility on climate-informed Public Expenditure Reviews. He expressed the need for diagnostics, and a data-driven approach to help prioritize action. There is also need for a parallel effort to protect our natural capital and biodiversity, so that solutions work for people and the planet. IFC and MIGA that are mobilizing private sector financing and helping companies lower their emissions
    DOI: 10.1596/35941
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    Remarks at the G20 Session on International Financial Architecture (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass remarked that early in the pandemic, the World Bank Group set out to use aggressive financial programming and leverage to increase commitments as rapidly as possible. The World Bank group used a number of powerful financial programming and leveraging techniques toward that goal. He highlighted recent capital increases, aggressive leveraging through bond issuance by IBRD, IDA and IFC, as well as MIGA reinsurance, and private sector mobilization, the combined WBG has been able to provide support to low- and middle-income countries over the last fifteen months. This financing is based on world-class knowledge work, and deep country relationships and know-how in our country teams present on the ground around the world. The World Bank Group strongly supports leveraging donor resources to maximize commitments, respond to emergencies, and prepare for crises. The World Bank Group provides grants to countries that are most in need, including fragile and small states and are investing heavily in social safety nets and digital cash transfer programs. Data sharing by both debtors and creditors enables debt reconciliation, a key for the debt restructuring process and he called on the G20 members to share their lending data and assist in the reconciliation exercise. The Group is actively implementing the Sustainable Development Finance Policy under IDA19 and will continue it in IDA20. The Group continues to strongly and actively support the implementation of the Common Framework, working closely with partners
    DOI: 10.1596/35940
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    Remarks at the G20 International Tax Symposium : Fiscal Policies to Integrate Climate and Development (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass remarked that the pandemic added further to the development gap, with many developing countries also suffer from fragility, human rights violations, food insecurity, lack of transparency, weak currencies, inflation, and the unfunded requirements of climate change. He highlighted that the developing world faces particular fiscal and financial challenges with the adoption by many countries of the goal of net-zero emissions. He addressed three related issues: 1) the need for a more integrated approach to climate and development; 2) the need for balanced incentive structures; and 3) the need for more support from the G20 for the world's poorest economies, especially through the ongoing IDA20 replenishment
    DOI: 10.1596/35939
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    Interview with Axios on HBO (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, talks about delivery of the vaccines and inequality between the rich countries and the poor countries and also within countries. He discussed the need for effective international organizations and cooperation with governments
    DOI: 10.1596/35136
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    Building a Green, Resilient, and Inclusive Recovery (2021)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass acknowledged the importance of the United Kingdom within the World Bank Group. He spoke about the Coronavirus (COVID-19) which descended on the poor like wildfire. He highlighted the Bank's approach to the interlinked crises of green, resilient, inclusive development (GRID). The World Bank is working to help countries build "Country Platforms" to engage with wider groups of development actors as they develop the programs with Bank support. He focused on three of the most pressing challenges of climate, debt, and inequality. There is a need for integrated, long-run strategies that emphasize green, resilient, and inclusive development. He concluded we can generate a recovery that ensures a broad and lasting rise in prosperity especially for the poorest and most marginalized
    DOI: 10.1596/35348
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    Remarks at Session 1 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021 (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, declared that inequality, poverty, and climate change will be the defining issues of our age. The goal is to achieve fair, broad, and fast access to effective and safe vaccines for developing countries. On climate, the Bank is looking forward to supporting the G20 on the very active climate agenda, including at the Venice climate summit in July. Debt transparency and sustainability remain major challenges for vulnerable countries. Each of these priorities - vaccines, climate, and debt - is plagued with inequality, which is causing a reversal of progress on development
    DOI: 10.1596/35325
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  • 80
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    Interview with Paolo Mastrolilli, La Stampa (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass said that the most pressing matter for the G20 is to move quickly together on growth, on vaccines, and on the debt sustainability issues. He highlighted on the need to recognize the connection between sound development policies and sound climate policies. He explained that the debt levels are too high for many countries after Coronavirus (COVID-19) and so, there is a need to see sustainability of debt in order to allow the country's resources to go to education, and to health, and to climate, the things that will build for the future
    DOI: 10.1596/35324
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  • 81
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    Remarks at the G7 Leaders' Summit Media Briefing (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass discussed talks with G7 leaders about the World Bank Group's work on health and preparedness. The World Bank will have approved vaccination programs in over 50 countries by the end of June. He talked about the Bank's joint work with the African Union's Africa Vaccine Acquisition Task Team (AVATT) vaccination program. The Bank is convening a task force with the International Monetary Fund (IMF), World Trade Organization (WTO), and World Health Organization (WHO) to help track supplies, coordinate delivery, and accelerate deployment. He noted he would talk with G7 Leaders about the World Bank Group's work on climate, nature-based solutions, and biodiversity
    DOI: 10.1596/35771
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  • 82
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    Interview with Beatrice Janzon, Swedish Radio International (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, discussed with Beatrice Janzon, Swedish Radio International, the following topics: long-term effects of children out of school during the pandemic, economic recovery for developing countries, importance of vaccinations for the developing countries, and World Bank on Paris Agreement on Climate Change
    DOI: 10.1596/35732
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  • 83
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    Avoiding a Lost Decade in Latin America and the Caribbean (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass discussed his work on development and the unique challenges facing Latin America during his 1984 trips to Honduras and Guatemala for the United States government. In addition to per capita gross domestic product, the World Bank recognizes the importance of non-economic measures of prosperity including access to electricity, clean water, health, education, and nutrition; environmental protection, biodiversity and resilience to climate change; and connectivity to people, information, and financial services. As shown in the recent report, Renewing with Growth, some countries in Latin America and the Caribbean (LAC) have strong capabilities in this area. For long-term growth, LAC needs a supportive business environment that is conducive for entrepreneurship. In many countries, it is important to address distortions induced by state ownership. Foreign direct investment can play a big role in improving competition and productivity. The LAC region has a great opportunity post pandemic to expand trade through more dynamic global value chains
    DOI: 10.1596/35938
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  • 84
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    Country Partnership Framework for the Republic of South Africa for the Period FY22-FY26 (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Partnership Frameworks
    Abstract: South Africa was hard-hit by the Coronavirus Disease 2019 (COVID-19) pandemic. The social impact of the crisis has also been high. Since 2019, the Government of South Africa (GoSA) has embarked on a new socio-economic transformation program. This crisis has forced the Government to make difficult policy choices to restore macroeconomic stability, deal with the health and socioeconomic crisis, accelerate growth and make it more inclusive. In line with the Government priorities and those presented in the SCD, the central tenet of this Country Partnership Framework (CPF) is to help South Africa continue to tackle its Apartheid legacy of socio-economic exclusion, currently complicated by the COVID-19 pandemic. The CPF's overarching goal is to support SA in stimulating investment and job creation to achieve economic and social convergence for an inclusive and resilient society
    DOI: 10.1596/36027
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  • 85
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    Remarks at the Virtual Meeting on the Africa COVID-19 Vaccine Financing and Deployment Strategy (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass provided an update on the World Bank Group's vaccination efforts. Coronavirus (COVID-19) has had a heavy toll on the people of Africa in terms of lives lost and the severe economic impact that is hitting the most vulnerable the hardest. The Group is preparing emergency vaccine financing projects in twenty-one countries in Africa. He highlighted IFC work to mobilize financing for vaccine production and therapeutics focused on developing countries. In implementing the vaccines programs, the World Bank Group is working directly with governments, including finance for their purchases from vaccine manufacturers and via COVAX, and for deployment efforts working with partners such as WHO and UNICEF. He urged the leaders of African countries to move quickly to secure vaccinations for their populations, and to avail themselves of the financing available from the World Bank Group and other partners to help with this
    DOI: 10.1596/35078
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  • 86
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    Remarks at the One Planet Summit on Biodiversity (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about climate change and the loss of biodiversity as defining issues of our time. He insisted on the importance of supporting developing countries in achieving their NDCs, helping them develop long-term strategies for low-carbon and climate-resilient economies, end their reliance on coal, and address biodiversity loss. He highlighted on the announcement of an ambitious target from the World Bank Group for thirty-five percent of financing to have climate co-benefits over the next five years, to help countries rebuild greener and with more resilience, for instance through low-carbon infrastructure and more environmentally-friendly agriculture practices. He mentioned that over the last two years, World Bank Group has supported the creation and consolidation of more than hundred million hectares of Marine and Coastal protected areas along with ten million hectares of terrestrial protected areas in Asia, Africa, and Latin America. Between now and 2025 the World Bank Group will invest more than five billion US dollars to improve livelihoods and restore degradation in the Sahel, Lake Chad, and Horn of Africa regions. This investment, a major contribution to the Great Green Wall, comes at a crucial time, which will help improve livelihoods as countries recover from Coronavirus (COVID-19) while also dealing with the impact of both biodiversity loss and climate change on their people and economies
    DOI: 10.1596/35019
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  • 87
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    Remarks at the G20 Finance Ministers and Central Bank Governors Meeting (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, discussed the World Bank climate change action plan, debt and the DSSI, and resource needs for IDA countries
    DOI: 10.1596/35414
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  • 88
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    Interview with Brian Cheung, Yahoo! : Finance (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the need for more transparency in all of the contracts that are between the COVAX manufacturers and the intermediaries, so the World Bank Group and others can find ways to provide additionality. The need now is to have more supply and more shipments going to the people that are most in need. The direction that the world needs to head is toward a greener, more resilient, more inclusive recovery. The World Bank is by far the biggest financier globally of climate-related efforts by countries. It is very important for the people to know what contracts have been entered into by their governments. The World Bank is working with the countries directly on what are called the NDCs, the nationally determined contributions, which is the relationship that countries have with the Paris Agreement. He was pleased with the things that the Biden Administration is saying about the need for real transformation in the greenhouse gas area
    DOI: 10.1596/35327
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  • 89
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    Remarks at the Opening Session of the 2021 St. Petersburg Economic Forum (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, commented on 30 years of World Bank engagement with Russia. He discussed helping Russia contribute to global public goods, including its efforts toward a green transition that will benefit Russians and people around the world; and second, exchanging development knowledge. The Bank played an important role in support of institution building and reform, from the establishment of the federal treasury system to the digitization of customs and taxation. He commented on the economic context of St. Petersburg forum and then spoke about vaccines, debt, and climate
    DOI: 10.1596/35734
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  • 90
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    Transcript of Media Roundtable for East Asia and the Pacific (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, remarked that the immediate priority for developing countries is widespread access to Coronavirus (COVID-19) vaccines that match their deployment programs. in response to the sharp increase in demand, the World Bank has increased financing for vaccines to twenty billion dollars globally over the next eighteen months. He spoke about providing grants to the countries that are most in need, including fragile and small states. The World Bank is working jointly with the IMF in order to use the Common Framework in order to provide debt relief for countries and create the fiscal space they need. The new World Bank climate change action plan is going to create a shift in paradigm in order to connect development and investment and to focus on priorities in terms of reducing greenhouse gas emissions
    DOI: 10.1596/35942
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  • 91
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    Remarks to the Heads of State of the Central African Economic and Monetary Community (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: External Debt ; Investment Climate ; Social Cohesion ; Social Development
    Abstract: Bank Group President David Malpass said that deep structural reforms are needed now more than ever to secure social cohesion and put the region on a sustainable and more inclusive development path. The World Bank Group has maintained a long-standing partnership with Central African Economic and Monetary Community (CEMAC) and its individual members, providing a range of support including investment programs, budget support, advisory services, and technical assistance. The World Bank is partnering with the African Union to support the Africa Vaccine Acquisition Trust (AVAT) with resources to purchase and deploy single-dose vaccines for up to four hundred million people across Africa. Debt transparency and sustainability will be vital to a sustained recovery and attracting new investment. He spoke about two critical paths to help strengthen implementation of reforms and policies going forward. He concluded by saying that this day's summit and its strong political endorsement for the next phase of regional structural reforms is thus critical for the emergence of a more sustainable and more inclusive growth path for CEMAC in the future
    DOI: 10.1596/36175
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  • 92
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    Remarks at the Leaders' Summit on Climate (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, discussed the core plan of the World Bank's climate change action plan. The World Bank Group has reached its highest-ever levels of climate finance in the past two years. The Bank plan commits to big increases in spending, focused on results, plus active private sector mobilization through International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), the private sector focused entities. Also, the Bank is aligning the financing flows with the Paris Agreement. The Bank goal is to provide support, and take prompt action, in ways that create the most positive impact toward green, resilient, and inclusive development
    DOI: 10.1596/35524
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  • 93
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    World Bank Group Press Conference at the 2021 Spring Meetings, April 7, 2021 (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, discussed vaccines, climate, and debt. The World Bank commitments grew a record amount both in percent terms and dollar terms in 2020. The Bank is providing financing for several of the countries and they can be large-scale programs, but the countries are working to arrange delivery schedules from the various vaccine providers. That will be an important part of the recovery. The Bank completed a big vaccination operation through Board, which makes financing available to Bangladesh and also technical assistance from the World Bank, which is very helpful to the countries as they try to enter contract discussions, and also as they work within their health systems in order to vaccinate people. The Bank is working actively on biodiversity and agricultural challenges facing Brazil
    DOI: 10.1596/35415
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  • 94
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    Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021 (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the need to foster financial inclusion, and to support digital systems that allow high transaction volumes at very low cost. He mentioned that the high costs for cross-border payments hamper economic development and cause payments to flow underground. Working with global partners, the World Bank is leading efforts to increase efficiency, transparency, and competition in the market for remittances worldwide. Developing countries face key challenges related to domestic debt, non-performing loans (NPLs), and bankruptcy processes. He urged that diverse input should be voiced on international environmental taxation, on the increased financial regulation related to climate change, and on stable coins
    DOI: 10.1596/35326
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  • 95
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    Conversation with the Lowy Institute (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David spoke about the World Bank's response for Coronavirus (COVID-19) was to make health programs available in a lot of countries. The Bank wanted to get as many people vaccinated as possible in countries around the world. The Bank is looking at how to help India now. India has massive needs way beyond the potential of the World Bank alone. World Bank commitments in calendar year 2020 were up by sixty-five percent from calendar year 2019. The World Bank Group has a unique ability to raise funding through the global bond markets, and in that way the donor countries put money in and then it's leveraged through that process. Debt relief, as described by the G20 as a Framework, involves burden sharing among the various official bilateral creditors and commercial creditors. The Debt Service Suspension Initiative that was done in 2020 saved five billion dollars for debtor countries. The Bank is working on climate issues by identifying priorities, working with countries on things where the Bank can add expertise. The OECD has an anti-corruption standard, and it would be good if more countries joined that standard. He mentioned the need to invest in both physical infrastructure and human capital. Human capital is one of the most valuable investments that countries make, and that people make in their own lives. He spoke about the unrest in Myanmar and the Bank has put a hold on disbursements there
    DOI: 10.1596/35548
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  • 96
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    Remarks at the Summit on Financing African Economies (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the World Bank Group using all possible resources, financing tools, and dedicated staff across the continent to improve African lives and business prospects. He mentioned the Board-approved financing operations in many African countries to obtain safe doses and to administer them quickly and fairly as soon as the producer countries, COVAX, or manufacturers are ready. Over the past decade, the World Bank Group has invested two hundred billion dollars in Africa. Over the next five years, the Group intends to invest and mobilize another one hundred fifty billion dollars to support the continent's development. He focused on the need for large inflows of long-term resources for Africa. Another important part of Bank's support to Africa will be mobilization of the private sector, either directly through IFC and MIGA, or indirectly through funding by IDA and IBRD on capital markets. He concluded by highlighting the initiatives for Africa that he discussed with the President Macron recently
    DOI: 10.1596/35615
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  • 97
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    Remarks to the Nordic and Baltic Ministers and Governors of the World Bank Group (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: David Malpass, President of the World Bank, discussed the immediate health impact of Coronavirus disease 2019 (COVID-19) to the long-term effect of climate change, the extent of the global crisis, and the depth of its consequences. He focused on the financing needs in low-income countries, vaccines, climate change, and debt. He introduced Jakob Kopperud as the Special Representative to Europe
    DOI: 10.1596/35733
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  • 98
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    Remarks at the Western and Central Africa Regional Media Roundtable (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic that has taken a toll on African lives, economies, and livelihoods. The World Bank intends to invest and mobilize about USD 150 billion over the next five years in Africa to support the continent's recovery from the pandemic and its long-term development. He urged countries that expect to have excess vaccine supplies to release their excess as soon as possible to developing countries that have delivery programs in place. He emphasized the need for greater transparency in contracts between governments, pharmaceutical companies, and organizations that are involved in vaccine production and delivery so that financing can be directed effectively, and countries can plan for receipt and deployment. The World Bank yesterday launched a comprehensive online portal that provides easy access to information about their projects, including individual country-financing operations. He spoke about comprehensive debt solutions which will involve at least four elements: debt suspension, debt reduction, debt resolution, and debt transparency. He stated that without private creditors fully onboard, the Common Framework will not deliver a sustainable solution for Chad, Ethiopia, or Zambia. As countries work to recover, tackling climate change will be key for the region. The Bank is also working to address fragility, conflict, and violence. He concluded that while we know that the road to recovery will be long, countries in the region have applied lessons from previous crisis such as the West Africa Ebola outbreak in 2014, and many countries have strengthened their social safety nets to help protect the poor that have been most affected by the crisis, and to move faster on key reforms and investments that will be crucial for long-term development
    DOI: 10.1596/35677
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  • 99
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    Remarks at the World Health Organization Media Briefing on COVID-19 and Vaccine Equity (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Abstract: World Bank Group President David Malpass stated that the immediate priority is for countries that have sufficient supply to quickly release doses to countries that have vaccination deployment programs. He said that by the end of June, the World Bank will have approved vaccination operations in over 50 countries. It is vital to speed up the supply chain. The World Bank is providing transparent access to very detailed information about projects through an online portal available at https://www.worldbank.org/vaccines. He urged other development partners to publish detailed information about their vaccine financing and deployment programs and their delivery schedules. The World Bank is also working to expand supply and will be making announcements of investments by IFC, the World Bank Group's private sector development arm
    DOI: 10.1596/35731
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  • 100
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    Remarks at Media Roundtable during Annual Meetings 2021 (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Disease Control and Prevention ; Economic Growth ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Immunizations ; Inequality ; Macroeconomics and Economic Growth ; Poverty Reduction
    Abstract: World Bank Group President David Malpass discussed a broad range of development issues, including the economic outlook, growth, vaccines, debt, climate, and trade. World Bank financing operations will be addressed at the annual meeting as well as our climate change action plan, which aims to help reduce greenhouse gas (GHG) emissions and improve adaptation. We expect global growth of 5.7 percent in 2021 and 4.4 percent in 2022, these are very similar to our projections in the June Global Economic Prospects report. Incoming high-frequency data point to slowing momentum in global activity amid persistent supply chain bottlenecks and COVID-19 surges. Moreover, the global recovery remains dramatically uneven. The outlook is challenging for much of the developing world with lagging vaccination rates, rising inflation, limited policy support, too few jobs, and shortages that extend to food, water, and electricity. As of mid-2021, over half of IDA countries, those are the world's poorest countries, are in external debt distress or at high risk of it. A comprehensive approach, including debt reduction, swifter restructuring and more transparency is needed to help countries assess and manage their external debt risks and work toward sustainable debt levels and terms. These are fundamental to supporting health systems, education, and infrastructure and creating growth, investment, and prosperity. Enhanced and accelerated implementation of the Common Framework will be critical in achieving this much-needed debt transparency and sustainability
    DOI: 10.1596/36487
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