Publication: Remarks by World Bank Group President David Malpass at the Launch of IDA20 in Tokyo, Japan
Date
2022-09-13
ISSN
Published
2022-09-13
Author(s)
Malpass, David
Abstract
This report discusses the remarks
delivered by World Bank Group President David Malpass at the
Launch of IDA20 in Tokyo, Japan. Global growth is expected
to slow sharply from 5.7 percent in 2021 to 2.9 percent in
2022, with further slowing likely as more countries fall
into recession. In developing economies, COVID-19 has
already had a devastating impact on income growth and
poverty reduction. The war in Ukraine is dealing yet another
blow to their growth prospects. Developing countries are now
expected to grow by a mere 3.4 percent in 2022, well below
the average from 2011 to 2019. Each step in the progression
of crises in recent years is leaving poorer countries
further behind, adding to inequality. My deep concern is
that these trends will persist. The World Bank Group is
making around 170 billion dollars in financing available for
new and existing projects over the 15 months starting April
2022 to support this crisis response package. This will be
complemented by analytical and advisory work to strengthen
evidence-based development policies and programs.
Link to Data Set
Citation
“Malpass, David. 2022. Remarks by World Bank Group President David Malpass at the Launch of IDA20 in Tokyo, Japan. © World Bank, Washington, DC. http://hdl.handle.net/10986/38050 License: CC BY 3.0 IGO.”