dc.contributor.author	Malpass, David
dc.date.accessioned	2020-10-20T17:17:11Z
dc.date.available	2020-10-20T17:17:11Z
dc.date.issued	2020-10-14
dc.description.abstract	World Bank Group President David Malpass spoke about the recession in advanced economies that is less severe than had been feared, but in most developing economies, it has become a depression, especially for the poorest. The World Bank Group was able to launch health emergency programs in one hundred and eleven countries and begin a surge in their grants and highly concessional lending that will reach the limits of our capital structure and commitment authority. The goals for debt relief in the Spring meetings were fiscal savings for the poorest countries, greater debt transparency, and a path forward for countries in debt distress. He insisted that it’s important to note that the Debt Service Suspension Initiative (DSSI) defers payments into the future but doesn’t reduce them. The World Bank Group Board approved a package of up to twelve billion US dollars to expand the fast-track Coronavirus (COVID-19) response for the purchase and distribution of Coronavirus (COVID-19) vaccines, tests and treatments. He will propose to IDA Deputies later this month creating a twenty-five billion US dollars supplemental COVID Emergency Financing Package. He concluded that even in the midst of a once-in-a-century crisis, he has confidence that sustainable solutions will emerge, in part by embracing constructive change.	en
dc.identifier	http://documents.worldbank.org/curated/en/491431602858202549/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting
dc.identifier.doi	10.1596/34641
dc.identifier.uri	https://hdl.handle.net/10986/34641
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Delivered October 14, 2020;
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	DEBT BURDEN
dc.subject	DEBT RELIEF
dc.subject	ECONOMIC RECESSION
dc.subject	HEALTH EMERGENCY
dc.subject	POVERTY
dc.subject	CONCESSIONAL LENDING
dc.subject	EMERGENCY FINANCING PACKAGE
dc.subject	DEBT SERVICE SUSPENSION INITIATIVE
dc.subject	CORONAVIRUS
dc.subject	COVID-19
dc.subject	PANDEMIC RESPONSE
dc.title	Remarks at the G20 Finance Ministers and Central Bank Governors Meeting	en
dc.type	Speech	en
dc.type	Discours	fr
dc.type	Discurso	es
dspace.entity.type	Publication
okr.crossref.title	Remarks at the G20 Finance Ministers and Central Bank Governors Meeting
okr.date.disclosure	2020-10-16
okr.doctype	Publications & Research
okr.doctype	Publications & Research::President's Speech
okr.docurl	http://documents.worldbank.org/curated/en/491431602858202549/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting
okr.guid	491431602858202549
okr.identifier.doi	10.1596/34641
okr.identifier.externaldocumentum	090224b087ec4530_1_0
okr.identifier.internaldocumentum	32491941
okr.identifier.report	153678
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/491431602858202549/pdf/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting.pdf	en
okr.topic	Finance and Financial Sector Development::Concessional Finance and Global Partnerships
okr.topic	Finance and Financial Sector Development::Debt Markets
okr.topic	Finance and Financial Sector Development::Debt Relief and HIPC
okr.topic	Health, Nutrition and Population::Disease Control & Prevention
okr.topic	Health, Nutrition and Population::Public Health Promotion
okr.topic	International Economics and Trade::External Debt
okr.unit	Office of the President (EXC)

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Remarks at the G20 Finance Ministers and Central Bank Governors Meeting