10. Speeches of World Bank Presidents [collection under construction]
376 items available
Permanent URI for this collection
Sub-collections of this Collection
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A. Speeches by David R. Malpass (2019 to present) -
B. Speeches by Jim Yong Kim (2012-19) -
C. Speeches by Robert B. Zoellick (2007-12) -
D. Speeches by Paul Wolfowitz (2005-07) -
E. Speeches by James D. Wolfensohn (1995-2005) -
F. Speeches by Lewis Preston (1991-95) -
G. Speeches by Barber Conable (1986-91) -
H. Speeches by Alden W. Clausen (1981-86) -
I. Speeches by Robert S. McNamara (1968-81) -
J. Speeches by George Woods (1963-68)
Items in this collection
1 - 10 of 71
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Publication
Opening Remarks by World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report
(World Bank, Washington, DC, 2023-01-10)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. -
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Opening Remarks by World Bank Group President David Malpass during the Launch of the International Debt Report 2022
(Washington, DC: World Bank, 2022-12-06)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. -
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Remarks by World Bank Group President David Malpass at the G20 Leaders’ Summit in Bali Indonesia
(World Bank, Washington, DC, 2022-11-15)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. -
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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
(World Bank, Washington, DC, 2022-10-18)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. -
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Remarks by World Bank Group President David Malpass at the 2022 Annual Meetings Plenary
(World Bank, Washington, DC, 2022-10-14)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. -
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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
(World Bank, SpeeWashington, DC, 2022-10-12)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. -
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Remarks by World Bank Group President David Malpass to the G24 Meeting of Ministers and Governors
(World Bank, Washington, DC, 2022-10-11)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. -
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The Crisis Facing Development - Speech by World Bank Group President David Malpass before the 2022 Annual Meetings
(World Bank, Washington, DC, 2022-09-28)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 at Stanford University, in detail about the following topics: (i) Human consequence of overlapping crises; and (ii) Confronting unprecedented fiscal and monetary policies. -
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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)
(World Bank, Washington, DC, 2022-08-27)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. -
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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
(World Bank, Washington, DC, 2022-07-13)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.