Publication: Remarks by World Bank Group President David Malpass at the Future of Digital Cooperation Event: Building Resilience Through Safe, Trusted, and Inclusive Digital Public Infrastructure
Date
2022-09-21
ISSN
Published
2022-09-21
Author(s)
Malpass, David
Abstract
This report discusses the readout
from World Bank Group President David Malpass’s meeting at
the Future of Digital Cooperation Event: Building Resilience
Through Safe, Trusted, and Inclusive Digital Public
Infrastructure. There have been severe reversals in
development, and global policy trends suggest these will
persist. Digital public infrastructure is a vital part of
our response. Digital identification, payment, and data
sharing platforms have made it possible for countries to
respond more effectively, more transparently, at a greater
speed and scale, and with more security and privacy. The
World Bank Group is engaged across all these elements and
our operations with significant digital components have been
growing. Our portfolio stands at nearly 4.7 billion dollars.
Through country engagements, we support our clients to boost
mobile phone networks and remove regulatory barriers to
foster access to finance. We are helping with the adoption
of e-government platforms and the modernization of social
protection systems. Our Global Findex database shows that 71
percent of adults in developing economies now have a formal
financial account, often a bank account, compared to 42
percent a decade ago. It is critical to build on this trend.
Expanding access to finance, reducing the cost of digital
transactions, and channeling wage payments and social
transfers through accounts will be critically important to
mitigate the reversals in development from the ongoing turbulence.
Link to Data Set
Citation
“Malpass, David. 2022. Remarks by World Bank Group President David Malpass at the Future of Digital Cooperation Event: Building Resilience Through Safe, Trusted, and Inclusive Digital Public Infrastructure. © World Bank, Washington, DC. http://hdl.handle.net/10986/38062 License: CC BY 3.0 IGO.”