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    Remarks from the G20 Finance Ministers Conference Call on COVID-19
    (World Bank, Washington, DC, 2020-03-23) Malpass, David
    David Malpass, World Bank Group President, issued his remarks from the G20 Finance Ministers conference call, on the COVID-19 pandemic. These are difficult times for all, especially for the poorest and most vulnerable. For the World Bank Group, the first goal is to provide prompt support during the crisis, based on a country’s needs. It is also vital to shorten the time to recovery and create confidence that the recovery can be strong. On March 17, the World Bank and IFC Boards approved a USD14 billion package to respond to COVID-19. Of that, IFC is making USD8 billion available in relatively fast-acting financial support for private companies. IBRD and IDA will be making USD6 billion available in the near term to support health care. The Bank is currently restructuring existing projects in 23 countries, many of these through the use of contingent emergency response components. The Bank is also preparing projects in 49 countries in a new fast-track facility, with decisions expected this week on as many as 16 country programs. The World Bank’s Board will meet shortly, and it is expected that this first round of countries will provide a framework to quickly scale up over the next few weeks. The Bank and the IMF are ready to work quickly with official bilateral creditors and with other international organizations as partners to finalize a process by the Spring Meetings of our organizations in April.
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    Discussion at the Center for Global Development
    (World Bank, Washington, DC, 2019-11-05) Malpass, David
    David Malpass, President of the World Bank, addressed the common challenge presented by slowing world growth. He remarked that governance issues are apparent around the world. On matters of debt, he emphasized dispute settlement, debt contract transparency, contract fairness, and facilitating better living standards. He noted that some countries’ debt payments are in arrears.
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    Modernizing Multilateralism and Markets
    (Washington, DC: World Bank, 2008-10-13) Zoellick, Robert B.
    Robert B. Zoellick, President the World Bank Group, delivered remarks on the following six strategic themes: a new multilateralism; priorities on a new steering group; international finance and development; the World Trade Organization (WTO) and the global trading system; energy and climate change; and fragile states and securing development.
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    Address to the Board of Governors
    (World Bank, Washington, DC, 1968-09-30) McNamara, Robert S.
    In his first public speech as President of the World Bank, Robert S. McNamara stressed that the Bank faced the question of what action the Bank, as a development organization, needs to take to overcome the recent mood of frustration and failure among developing countries and donors. He noted that Lester Pearson will lead an independent commission on the state of development aid. In the meantime, McNamara vowed that the Bank can and will act, and it will provide leadership in development planning. He proposed that the Bank Group double lending over the next five years, directed at developing national economies, stimulating growth, and aiding the poorest nations which need the most help. Some of this effort will be funded by a dramatic increase in Bank borrowing. Additionally, he note the need for more international representation among the Bank’s staff to really be an International Bank. He called for changes in resource allocation to geographic areas and economic sectors. Aid to the regions of Latin America and Africa will rise relative to South Asia. He advocated increased focus to Education and Agriculture. He called for new initiatives to control population growth. He proposed three courses of action. First, make it clear to developing countries how the rapid growth of the population slows down their development potential. Second, look for opportunities to fund facilities for its members to carry out their programs of family planning. Third, join forces with others in research programs to determine the methods of the most effective family planning and national administration of population control programs.