10. Speeches of World Bank Presidents [collection under construction]

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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) 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.
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.
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.
Remarks at the IDA20 Replenishment Meeting

(World Bank, Washington, DC, 2021-12-15) Malpass, David

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 US$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 US$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.
Remarks at the COP26 B3W Event Co-Hosted by Presidents Joseph Biden and Ursula von der Leyen

(World Bank, Washington, DC, 2021-11-02) Malpass, David

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.
2021 Annual Meetings Press Conference

(World Bank, Washington, DC, 2021-10-13) Malpass, David

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.
Remarks at the United Nations Biodiversity Conference: Aligning Finance and Building Capacity for an Ecological Civilization

(World Bank, Washington, DC, 2021-10-12) Malpass, David

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.
Remarks at the Venice Climate Conference

(World Bank, Washington, DC, 2021-07-11) Malpass, David

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.
Remarks at the G7 Leaders’ Summit Media Briefing

(World Bank, Washington, DC, 2021-06-13) Malpass, David

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.
Remarks at the Opening Session of the 2021 St. Petersburg Economic Forum

(World Bank, Washington, DC, 2021-06-03) Malpass, David

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.