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  • Publication
    Remarks by World Bank Group President David Malpass at World Bank Group 2022 Spring Meetings Ministerial Roundtable for Support to Ukraine
    (World Bank, World Bank, 2022-04-21) Malpass, David
    These remarks were delivered by World Bank Group President David Malpass at World Bank Group 2022 Spring Meetings Ministerial Roundtable for Support to Ukraine on April 21, 2022. He said that he has been deeply horrified and shocked by Russia’s invasion of Ukraine, the atrocities committed against the civilian population, and the loss of life and livelihoods for millions of Ukrainians. He mentioned that since the invasion, the World Bank Group has provided fast-disbursing financial support to help the government provide critical services, pay wages for hospital workers, public servants, and the elderly. He insisted that It will be important for all partners to continue coordinating their support for Ukraine’s budget needs. He described that the World Bank Group is working toward three phases of the recovery effort of relief, recovery, and resilience. He said that as the war continues, the World Bank Group will work to build confidence in Ukraine’s financial, monetary, and fiscal institutions, fostering currency stability as they go forward. He mentioned that rebuilding will take hard work, determination, and struggle, but he remains optimistic. He concluded by saying that with our collective support, Ukraine can achieve a brighter future.
  • Publication
    Addressing Challenges to Growth, Security and Stability Speech by World Bank Group President David Malpass at the Warsaw School of Economics
    (World Bank, Washington, DC, 2022-04-12) Malpass, David
    These remarks were delivered by the World Bank Group President David Malpass, addressing Challenges to Growth, Security and Stability on April 12, 2022 at the Warsaw School of Economics. He spoke about again living through a dangerous period of overlapping crises and conflicts with Poland near the center. He has been deeply shocked and horrified at Russia’s invasion of Ukraine, the atrocities committed against the civilian population, and the loss of life and livelihoods for millions of Ukrainians. Since the invasion, the World Bank Group has provided fast-disbursing financial support to Ukraine to help the government provide critical services to people, including wages for hospital workers, pensions for the elderly, and social programs for the vulnerable. Through IFC, they have provided immediate working capital for companies providing supplies to Ukraine. He was pleased to announce that the World Bank is preparing a nearly 1.5 billion US dollars operation for Ukraine to support continuation of essential government services during the war. He also discussed about the following: (i) Overlapping global crises; (ii) Weakening economic outlook; (iii) Areas for action; and (iv) Lessons learned.
  • Publication
    People and Development
    (1996-10-01) Wolfensohn, James D.
    James D. Wolfensohn, President of the World Bank Group, presented a progress report on his first year in office. Six immediate priorities were addressed: IDA, debt problems of the poorest countries, expanding partnerships, accelerating private sector development, doing more in post-conflict situations, and creating a “results” culture within the Bank Group. He set out the strategic agenda for the next year, covering four themes: a new donor and investor compact of development resources for the world’s poor (The New Compact), a more integrated approach to sustainable development (The New Paradigm), strengthening partnerships (The New Knowledge Partnership), and pursuing a culture of excellence and results (The New Bank).