Remarks at the Virtual 24th ASEAN Finance Ministers’ Meeting in Hanoi, Vietnam

doi:10.1596/34584

Publication:
Remarks at the Virtual 24th ASEAN Finance Ministers’ Meeting in Hanoi, Vietnam

dc.contributor.author	Malpass, David
dc.date.accessioned	2020-10-06T16:55:14Z
dc.date.available	2020-10-06T16:55:14Z
dc.date.issued	2020-10-02
dc.description.abstract	World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic, and the economic shutdown of the advanced economies, which will result in the first major recession in ASEAN countries since the 1997 Asian financial crisis. He described how in East Asia and the Pacific, the World Bank Group has been taking broad and fast action to support developing countries in the face of this pandemic. He announced earlier this week that he had proposed to the Board to make available up to twelve billion US dollars of fast-track financing to countries for the purchase and deployment of Coronavirus (COVID-19) vaccines. He urged the G20 to extend the debt moratorium through 2021 and to consider further options for debt reduction, resolution, and increased transparency. He described the Coronavirus (COVID-19) impact on trade and global value chains, which is critical to the region’s growth prospects. He believed that prospects for the East Asia and Pacific region show room for positive outcomes. He concluded by saying that, continued international cooperation to maintain an open and rules-based trading system will be essential for achieving a sustainable and inclusive global economic recovery.	en
dc.identifier	http://documents.worldbank.org/curated/en/736631601977061324/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Virtual-Twenty-Fourth-ASEAN-Finance-Ministers-Meeting-in-Hanoi-Vietnam
dc.identifier.doi	10.1596/34584
dc.identifier.uri	https://hdl.handle.net/10986/34584
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	CORONAVIRUS
dc.subject	COVID-19
dc.subject	PANDEMIC IMPACT
dc.subject	PANDEMIC RESPONSE
dc.subject	HEALTH FINANCING
dc.subject	GLOBAL TRADE
dc.subject	FINANCIAL CRISIS
dc.subject	ASEAN
dc.subject	ECONOMIC RECOVERY
dc.subject	DEBT MORATORIUM
dc.subject	DEBT SUSTAINABILITY
dc.title	Remarks at the Virtual 24th ASEAN Finance Ministers’ Meeting in Hanoi, Vietnam	en
dc.type	Speech	en
dc.type	Discours	fr
dc.type	Discurso	es
dspace.entity.type	Publication
okr.crossref.title	Remarks at the Virtual 24th ASEAN Finance Ministers’ Meeting in Hanoi, Vietnam
okr.date.disclosure	2020-10-06
okr.doctype	Publications & Research
okr.doctype	Publications & Research::President's Speech
okr.docurl	http://documents.worldbank.org/curated/en/736631601977061324/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Virtual-Twenty-Fourth-ASEAN-Finance-Ministers-Meeting-in-Hanoi-Vietnam
okr.guid	736631601977061324
okr.identifier.doi	10.1596/34584
okr.identifier.externaldocumentum	090224b087e6b8d4_1_0
okr.identifier.internaldocumentum	32465110
okr.identifier.report	153512
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/736631601977061324/pdf/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Virtual-Twenty-Fourth-ASEAN-Finance-Ministers-Meeting-in-Hanoi-Vietnam.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.geographical	East Asia
okr.region.geographical	Southeast Asia
okr.topic	Health, Nutrition and Population::Disease Control & Prevention
okr.topic	Health, Nutrition and Population::Immunizations
okr.topic	International Economics and Trade::International Trade and Trade Rules
okr.topic	Macroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.unit	Office of the President (EXC)

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