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  • 1
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    Online Resource
    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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  • 2
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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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  • 3
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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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  • 4
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    Online Resource
    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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  • 5
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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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  • 6
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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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  • 7
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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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  • 8
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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
    Details
    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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  • 9
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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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  • 10
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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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  • 11
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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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  • 12
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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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  • 13
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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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  • 14
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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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  • 15
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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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  • 16
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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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  • 17
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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
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    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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  • 18
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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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  • 19
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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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  • 20
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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
    URL: lizenzpflichtig
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  • 21
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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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  • 22
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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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  • 23
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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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  • 24
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    2021 Annual Meetings Press Conference (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Climate Change ; Climate Change Impacts ; Disease Control and Prevention ; Environment ; Health Service Management and Delivery ; Health, Nutrition and Population ; Immunizations ; Poverty ; Public Sector Development ; Public Sector Management and Reform ; Youth
    Abstract: World Bank Group President David Malpass spoke about the world suffering from a dramatically uneven recovery, and inequality worsening across country groups. The highest priority is to secure access to vaccines and speed up shots in arms. He explained that the World Bank Group is working as hard as it can 24/7 to expand the number of doses as soon as it can get, and delivery schedules from the advanced economies and from the manufacturers. Regarding the IDA20 replenishment in December, African heads of state have already called for donors to be ambitious in their support for IDA's mission. He spoke about 1) making public spending more efficient in a country like Mexico; 2) climate finance provided to the developing countries should be doubled in the next few years; 3) opportunities presented by climate change and to support climate private sector investment in Africa; 4) the role of young people in global climate action; 5) boosting health systems and making them more resilient to shocks like COVID-19 in MENA region; 6) the pandemic impact on India's poor; 7) measures to save companies in difficulty during COVID-19; 8) lessons that developing countries draw from this health crisis, particularly on the social level; and 9) support to low-income countries efforts against pandemic
    DOI: 10.1596/36488
    URL: Deutschlandweit zugänglich
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  • 25
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    Remarks at the United Nations Biodiversity Conference : Aligning Finance and Building Capacity for an Ecological Civilization (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Biodiversity ; Climate Change ; Climate Change and Environment ; Conservation ; Environment ; Environmental Protection
    Abstract: World Bank Group President David Malpass discussed biodiversity and climate change being closely interlinked, with terrestrial and marine ecosystems serving as critically important carbon sinks. At the same time climate change acts as a direct driver of biodiversity and ecosystem services loss. The World Bank has financed biodiversity conservation around the world, including over 116 million hectares of Marine and Coastal Protected Areas, 10 million hectares of Terrestrial Protected Areas, and over 300 protected habitats, biological buffer zones and reserves. The COVID pandemic, biodiversity loss, climate change are all reminders of how connected we are. The recovery from this pandemic is an opportunity to put in place more effective policies, institutions, and resources to address biodiversity loss
    DOI: 10.1596/36489
    URL: Deutschlandweit zugänglich
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  • 26
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    Remarks at the IDA20 Replenishment Meeting (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Climate Change ; Disease Control and Prevention ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Poverty Reduction
    Abstract: World Bank Group President David Malpass noted that Japan is now one of the largest contributors to IDA, a key partner in achieving development results at the global, regional, and country level. He mentioned that for more than 60 years, IDA has provided concessional development financing totaling more than USD 458 billion to 114 countries to boost economic growth, reduce poverty and inequality, and improve people's living conditions. He highlighted that the World Bank's crisis response to COVID-19 has been the largest in its history, and IDA responded with speed and scale to the unprecedented economic and health crises and committed USD 56.9 billion between April 2020 and November 2021. He expressed his appreciation to the IDA Borrower Representatives who have consistently offered their advice, providing a country lens on how the support can best be tailored to meet the needs and priorities of IDA countries. He spoke about the generous pledges that are matched by the most ambitious IDA policy package. He concluded by saying that cross-cutting issues are the foundational building blocks of this policy framework. These include crisis preparedness, which was introduced in IDA20 to build resilience in a world of more frequent crises with compounded effects, as well as ongoing emphasis on governance and institutions, debt sustainability, and digital infrastructure and interventions to foster economic and social inclusion
    DOI: 10.1596/36745
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  • 27
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    Remarks at the COP26 B3W Event Co-Hosted by Presidents Joseph Biden and Ursula von der Leyen (2021)
    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 and Environment ; Climate Change Mitigation and Green House Gases ; Environment ; Environmental Economics and Policies ; Finance and Financial Sector Development
    Abstract: World Bank Group President David Malpass discussed how the World Bank Group can play a leading role in tackling climate change by bringing together all parties, by helping design the transitions, by quantifying the costs and benefits, by drawing in private sector investment to the bankable portions of projects, and by providing key portions of the funding, including IDA's grant and zero-rate financing for the poorest countries. IDA has been a main source of funding and preparedness for vulnerable countries and explicitly supports climate action
    DOI: 10.1596/36491
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  • 28
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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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