dc.contributor.author	Malpass, David
dc.date.accessioned	2020-09-25T16:19:27Z
dc.date.available	2020-09-25T16:19:27Z
dc.date.issued	2020-06-02
dc.description.abstract	These opening remarks were delivered by World Bank Group President David Malpass during the media call on the analytical chapters of the June 2020 global economic prospects report on June 2, 2020. He covered about Bank's support activities, the debt service moratorium for the poorest countries, the progress on debt transparency and some of the next steps. He spoke about how the World Bank Group resources are being scaled up dramatically, providing strong net positive flows, especially to the poorest countries. He highlighted on IDA and IBRD working with countries to expand the coverage of social safety net programs, IFC providing finances to the private sector in developing countries over fifteen months, and MIGA helping to provide a more stable environment for investment by mitigating and managing risks arising from uncertainty. He described the debt moratorium that the World Bank and IMF championed, where the Debt service payments by all official bilateral creditors were suspended on May 1, adding to the potential resources for the poorest countries. He stated that an important part of this initiative is to help governments in debtor countries increase the transparency of their debt and investment practices and disclose the amounts and terms of their debt. He spoke about the Global Economic Prospects (GEP) report which finds a deep global recession, accompanied by a collapse in global trade, tourism and commodity prices and extraordinary market volatility. He said that beyond coping with the immediate crisis to limit the harm, policymakers can make a robust recovery more likely by maintaining private sector systems and infrastructure and allowing markets to allocate resources toward productive activities. He stated that most of the export restrictions that were announced earlier this year have not been implemented and global food prices have mostly remained stable. He highlighted on the important advances that are being made in digital connectivity in developing economies. He concluded by saying that the World Bank Group will continue to take broad, fast action in our response to the needs of people in developing countries.	en
dc.description.abstract	En nuestro nuevo informe Perspectivas económicas mundiales se describe una economía mundial que sufre embates devastadores. La pandemia y las interrupciones de las actividades económicas han sacudido la vida de miles de millones de personas.	es
dc.description.abstract	La toute dernière édition de notre rapport Perspectives économiques mondiales décrit une économie mondiale frappée de plein fouet. La pandémie et l’arrêt de l’activité économique ont ébranlé de la vie de milliards de personnes.	fr
dc.identifier	http://documents.worldbank.org/curated/en/697491600172593850/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report
dc.identifier.doi	10.1596/34515
dc.identifier.uri	https://hdl.handle.net/10986/34515
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Delivered June 2, 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	SOCIAL SAFETY NET
dc.subject	FINANCIAL COMMITMENT
dc.subject	DEBTOR COUNTRY
dc.subject	DEBT SERVICE BURDEN
dc.subject	GLOBAL FOOD PRICES
dc.subject	INVESTMENT CLIMATE
dc.subject	HUMAN CAPITAL
dc.subject	GLOBAL RECESSION
dc.subject	LIQUIDITY
dc.subject	TRANSPARENCY
dc.subject	DEBT MORATORIUM
dc.subject	EXTREME POVERTY
dc.subject	CORONAVIRUS
dc.subject	COVID-19
dc.subject	PANDEMIC RESPONSE
dc.subject	PANDEMIC IMPACT
dc.subject	DIGITAL CONNECTIVITY
dc.title	Opening Remarks During the Media Call on the Analytical Chapters of the June 2020 Global Economic Prospects Report	en
dc.title	Discurso de Apertura Pronunciado Durante la Reunion Virtual Con Los Medios Relativa a Los Capitulos Analiticos del Informe Perspectivas Económicas Mundiales, de Junio de 2020	es
dc.title	Allocution d'Ouverture Lors de la Conference de Presse sur les Chapitres Analytiques de l'Edition de Juin 2020 du Rapport Intitule Perspectives Economiques Mondiales	fr
dc.type	Speech	en
dc.type	Discours	fr
dc.type	Discurso	es
dspace.entity.type	Publication
okr.crossref.title	Opening Remarks During the Media Call on the Analytical Chapters of the June 2020 Global Economic Prospects Report
okr.date.disclosure	2020-09-15
okr.doctype	Publications & Research
okr.doctype	Publications & Research::President's Speech
okr.docurl	http://documents.worldbank.org/curated/en/697491600172593850/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report
okr.guid	697491600172593850
okr.guid	958401600267597742
okr.guid	917921600254276025
okr.guid	242111600183756913
okr.guid	542061600182384138
okr.identifier.doi	10.1596/34515
okr.identifier.externaldocumentum	090224b087dddf38_2_0
okr.identifier.internaldocumentum	32405953
okr.identifier.report	152969
okr.imported	true	en
okr.language.supported	en
okr.language.supported	es
okr.language.supported	fr
okr.pdfurl	http://documents.worldbank.org/curated/en/697491600172593850/pdf/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report.pdf	en
okr.pdfurl	http://documents.worldbank.org/curated/en/542061600182384138/pdf/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report.pdf	fr
okr.pdfurl	http://documents.worldbank.org/curated/en/242111600183756913/pdf/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report.pdf	es
okr.topic	Finance and Financial Sector Development::Concessional Finance and Global Partnerships
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Poverty Reduction::Employment and Shared Growth
okr.topic	Poverty Reduction::Inequality
okr.topic	Social Protections and Labor::Employment and Unemployment
okr.topic	Social Protections and Labor::Labor Markets
okr.txturl	http://documents.worldbank.org/curated/en/542061600182384138/text/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report.txt	fr
okr.txturl	http://documents.worldbank.org/curated/en/242111600183756913/text/Opening-Remarks-by-World-Bank-Group-President-David-Malpass-During-the-Media-Call-on-the-Analytical-Chapters-of-the-June-2020-Global-Economic-Prospects-Report.txt	es
okr.unit	Office of the President (EXC)

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Opening Remarks During the Media Call on the Analytical Chapters of the June 2020 Global Economic Prospects Report