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Now showing 1 - 10 of 11
  • Publication
    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.
  • Publication
    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.
  • Publication
    Avoiding a Lost Decade in Latin America and the Caribbean
    (World Bank, Washington, DC, 2021-06-23) Malpass, David
    World Bank Group President David Malpass discussed his work on development and the unique challenges facing Latin America during his 1984 trips to Honduras and Guatemala for the United States government. In addition to per capita gross domestic product, the World Bank recognizes the importance of non-economic measures of prosperity including access to electricity, clean water, health, education, and nutrition; environmental protection, biodiversity and resilience to climate change; and connectivity to people, information, and financial services. As shown in the recent report, Renewing with Growth, some countries in Latin America and the Caribbean (LAC) have strong capabilities in this area. For long-term growth, LAC needs a supportive business environment that is conducive for entrepreneurship. In many countries, it is important to address distortions induced by state ownership. Foreign direct investment can play a big role in improving competition and productivity. The LAC region has a great opportunity post pandemic to expand trade through more dynamic global value chains.
  • Publication
    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.
  • Publication
    Remarks at the Leaders’ Summit on Climate
    (World Bank, Washington, DC, 2021-04-22) Malpass, David
    David Malpass, President of the World Bank, discussed the core plan of the World Bank’s climate change action plan. The World Bank Group has reached its highest-ever levels of climate finance in the past two years. The Bank plan commits to big increases in spending, focused on results, plus active private sector mobilization through International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), the private sector focused entities. Also, the Bank is aligning the financing flows with the Paris Agreement. The Bank goal is to provide support, and take prompt action, in ways that create the most positive impact toward green, resilient, and inclusive development.
  • Publication
    World Bank Group Press Conference at the 2021 Spring Meetings, April 7, 2021
    (World Bank, Washington, DC, 2021-04-07) Malpass, David
    David Malpass, President of the World Bank, discussed vaccines, climate, and debt. The World Bank commitments grew a record amount both in percent terms and dollar terms in 2020. The Bank is providing financing for several of the countries and they can be large-scale programs, but the countries are working to arrange delivery schedules from the various vaccine providers. That will be an important part of the recovery. The Bank completed a big vaccination operation through Board, which makes financing available to Bangladesh and also technical assistance from the World Bank, which is very helpful to the countries as they try to enter contract discussions, and also as they work within their health systems in order to vaccinate people. The Bank is working actively on biodiversity and agricultural challenges facing Brazil.
  • Publication
    Building a Green, Resilient, and Inclusive Recovery
    (Washington, DC: World Bank, 2021-03-29) Malpass, David
    World Bank Group President David Malpass acknowledged the importance of the United Kingdom within the World Bank Group. He spoke about the Coronavirus (COVID-19) which descended on the poor like wildfire. He highlighted the Bank's approach to the interlinked crises of green, resilient, inclusive development (GRID). The World Bank is working to help countries build “Country Platforms” to engage with wider groups of development actors as they develop the programs with Bank support. He focused on three of the most pressing challenges of climate, debt, and inequality. There is a need for integrated, long-run strategies that emphasize green, resilient, and inclusive development. He concluded we can generate a recovery that ensures a broad and lasting rise in prosperity especially for the poorest and most marginalized.
  • Publication
    Remarks at the Climate Ambition Summit 2020
    (World Bank, Washington, DC, 2020-12-12) Malpass, David
    World Bank Group President David Malpass spoke about the Climate change, poverty, and inequality–defining issues of our age. The global poor often suffer the most from climate events, including flooding, droughts and food insecurity. The World Bank Group is the biggest multilateral funder of climate investments in developing countries. Over the next five years, the Bank intends to go further, targeting thirty-five percent climate co-benefits on average across the World Bank Group. For IBRD and IDA, fifty percent of this climate finance will support adaptation and resilience. The Bank will support the Paris accord alignment by helping developing countries to achieve their NDCs, end their reliance on coal, and transition to lower-carbon, climate-resilient economies. He discussed the Coronavirus (COVID-19) response, targeting investment and policy financing that will help support a green, inclusive and resilient recovery. We cannot succeed in helping countries reduce poverty without rising to the challenges of climate change.
  • Publication
    Opening Remarks at the 2019 Annual Meetings Opening Press Conference
    (World Bank, Washington, DC, 2019-10-17) Malpass, David
    David Malpass, President of the World Bank Group, highlighted the urgent priorities for discussion with shareholders. Global growth is slowing. Investment is sluggish, manufacturing activity is soft, and trade is weakening. The challenges of climate change and fragility are making poor countries more vulnerable. This backdrop makes our goals of reducing extreme poverty and boosting shared prosperity even harder. He suggested that with the right mix of policies and structural reforms, countries can unleash growth that's broadly shared across all segments of society. He spoke about how the Bank is helping countries build strong programs tailored to the unique circumstances of their economies. He highlighted the importance of education. He mentioned the proposed IDA replenishment, and reaffirmed commitment to projects on climate and on gender inclusion. In conclusion, he said that the well-designed structural reforms are needed to unlock growth and build the foundations for future prosperity.
  • Publication
    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.