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Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda

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dc.contributor.authorMalpass, David
dc.date.accessioned2022-08-02T15:40:33Z
dc.date.available2022-08-02T15:40:33Z
dc.date.issued2022-07-15
dc.description.abstractThese opening remarks were made by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda on July 15, 2022. The report discusses about the COVID-19 pandemic and now Russia’s invasion of Ukraine have caused a humanitarian and economic catastrophe. Recessions are likely in many countries. This will put heavy new burdens on fiscal deficits and debt markets. Ukraine is severely affected. The World Bank Group has been using all our tools to mobilize emergency financing for Ukrainians. More than 6 billion dollars of this financing has already been disbursed. The danger for other developing countries is acute due to inflation, currency depreciation, rising debt service costs, and the collapse of international reserves. These problems are severely constraining future growth and deepening inequality and fragility. The diversion of natural gas to Europe presents grave obstacles to developing country production of electricity, food, and fertilizer. Priority areas identified to complement work by existing institutions include disease surveillance; laboratory systems; emergency communication, coordination, and management; critical health workforce capacities; and community engagement.en
dc.identifierhttp://documents.worldbank.org/curated/en/099939207202299040/IDU09b20a3260a09091b400e6e6dc78f18
dc.identifier.doi10.1596/37809
dc.identifier.urihttps://hdl.handle.net/10986/37809
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.subjectECONOMIC CATASTROPHE
dc.subjectEMERGENCY FINANCING
dc.subjectGLOBAL SUPPLY
dc.subjectFOOD SECURITY
dc.subjectENERGY CRISIS
dc.subjectFERTILIZER
dc.subjectDEBT RELIEF
dc.subjectRECESSION
dc.subjectCOVID-19 IMPACTS
dc.titleRemarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agendaen
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleRemarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda
okr.date.disclosure2022-07-20
okr.date.doiregistration2025-05-08T13:40:56.859127Z
okr.date.lastmodified2022-07-20T00:00:00Zen
okr.doctypeSpeeches of World Bank Presidents [collection under construction]::Speeches by David R. Malpass (2019 to present)
okr.docurlhttp://documents.worldbank.org/curated/en/099939207202299040/IDU09b20a3260a09091b400e6e6dc78f18
okr.guid099939207202299040
okr.identifier.externaldocumentum33870742
okr.identifier.internaldocumentum33870742
okr.identifier.report174142
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099939207202299040/pdf/IDU09b20a3260a09091b400e6e6dc78f18.pdfen
okr.topicAgriculture::Food Security
okr.topicEnergy::Energy Production and Transportation
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicInternational Economics and Trade::External Debt
okr.topicHealth, Nutrition and Population::Health Economics & Finance
okr.unitEXC - Office of the President
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2. Speeches by David R. Malpass (2019 to 2023)