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Transcript of World Bank Group President David Malpass at Spring Meetings 2022 Opening Press Conference

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dc.contributor.authorMalpass, David
dc.date.accessioned2022-08-01T19:56:59Z
dc.date.available2022-08-01T19:56:59Z
dc.date.issued2022-04-20
dc.description.abstractThese remarks were delivered by World Bank Group President David Malpass at Spring Meetings 2022 Opening Press Conference on April 20, 2022. He said that the World Bank Group has been acting fast in the face of the crises: first the COVID-19 surge financing in over the last two years, which was one of the fastest and largest in our history; and now putting money into Ukraine and have moved quickly both to commitments and disbursements, including nearly 1.5 billion dollars that he announced in Poland last week. He mentioned that the World Bank is working actively on climate, through their Climate Change Action Plan and the formation of Country Climate and Development Reports (CCDRs), which will identify the high priority items country by country, in their efforts to mitigate and to adapt to climate change. He insisted that one of the solutions for the world is to recognize that markets are forward looking. He mentioned that as interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions. He hopes and expects that many countries will step forward with individual solutions to alleviate the food crisis and the fertilizer crisis. He explained the efforts to support people within Mexico, and the World Bank is interested in working with governmental entities on that. He spoke about Nigeria has huge opportunity because of its natural resources and because of its people, and could see its growth accelerate with improvements in policy. He insisted that there needs to be substantial investment in the backbone of the global electricity system in terms of baseload and grid in order to get through to the other side of this energy crisis. He did a joint statement with IMF, with WTO, and with the World Food Program late the week before stating these views, that it's important that the world increase supply and not close markets, not fragment markets, as we move through this crisis. He hopes, as we look at the resolution to the current crisis, one of the key steps will be for the central banks and the fiscal authorities to use their tools to improve the allocation, to allow an allocation of capital that goes more towards small businesses, new businesses, and developing countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/099957304222223859/IDU0ea781eea060b0a3770cc81d001e62f
dc.identifier.doi10.1596/37802
dc.identifier.urihttps://hdl.handle.net/10986/37802
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCOVID-19 LENDING SURGE
dc.subjectCLIMATE CHANGE ACTION PLAN
dc.subjectCOUNTRY CLIMATE AND DEVELOPMENT REPORTS (CCDRS)
dc.subjectADAPT TO CLIMATE CHANGE
dc.subjectFERTILIZER CRISIS
dc.titleTranscript of World Bank Group President David Malpass at Spring Meetings 2022 Opening Press Conferenceen
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleTranscript of World Bank Group President David Malpass at Spring Meetings 2022 Opening Press Conference
okr.date.disclosure2022-04-22
okr.date.doiregistration2025-05-08T13:35:44.160285Z
okr.date.lastmodified2022-04-22T00:00:00Zen
okr.doctypeSpeeches of World Bank Presidents [collection under construction]::Speeches by David R. Malpass (2019 to present)
okr.docurlhttp://documents.worldbank.org/curated/en/099957304222223859/IDU0ea781eea060b0a3770cc81d001e62f
okr.guid099957304222223859
okr.identifier.externaldocumentum33793513
okr.identifier.internaldocumentum33793513
okr.identifier.report170780
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099957304222223859/pdf/IDU0ea781eea060b0a3770cc81d001e62f.pdfen
okr.region.countryMexico
okr.region.countryNigeria
okr.topicAgriculture::Food Security
okr.topicEnergy::Electric Power
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitEXC - Office of the President
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2. Speeches by David R. Malpass (2019 to 2023)