Items in this collection

Now showing 1 - 10 of 75
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass at the G20 Leaders’ Summit in Bali Indonesia
    (World Bank, Washington, DC, 2022-11-15) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass at the 2022 Annual Meetings Plenary
    (World Bank, Washington, DC, 2022-10-14) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass at the 2022 Annual Meetings Opening Press Conference
    (World Bank, Washington, DC, 2022-10-13) Malpass, David
    These remarks were delivered by World Bank Group President David Malpass at the 2022 Annual Meetings Opening Press Conference on October 13, 2022. The World Bank is the biggest funder of climate action. We are proposing at these meetings a new trust fund called SCALE that will allow the world and the global community to put funding into global public goods. That's the connection that needs to be set up within the global system to have an impact on greenhouse gas emission reduction. We're putting out the CCDRs, the Country Climate and Development Reports, at a rapid clip. China's came out yesterday; Vietnam's, earlier in September; and a host of others. We've done 10 countries and there will be another 20 by the time of COP27, which we're building up for. We were very pleased to have a major contribution from the U.S. to the Clean Technology Fund, which is one of the climate trust funds. To summarize, the world is facing a very challenging environment because of the advanced economies, and that has serious implications for developing countries.
  • Thumbnail Image
    Publication
    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
    (World Bank, SpeeWashington, DC, 2022-10-12) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass to the G24 Meeting of Ministers and Governors
    (World Bank, Washington, DC, 2022-10-11) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass at the High-Level Event on Access to Grains and Fertilizers in Africa During UNGA 77
    (World Bank, Washington, DC, 2022-09-21) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass at the Sina Finance 2022 ESG Global Leaders’ Summit
    (World Bank, Washington, DC, 2022-06-28) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass at the 2022 Nordic Baltic Governors Meeting
    (World Bank, Washington, DC, 2022-06-09) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Remarks by World Bank Group President David Malpass on World Environment Day 2022 - Mobilizing Communities for Sustainability: The Role of the Indian State
    (World Bank, Washington, DC, 2022-06-05) Malpass, David
    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.
  • Thumbnail Image
    Publication
    Transcript of Conversation with David Malpass and Masood Ahmed on the Way Forward
    (World Bank, Washington, DC, 2022-05-26) Malpass, David ; Ahmed, Masood
    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.