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Remarks at Media Roundtable during Annual Meetings 2021

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dc.contributor.authorMalpass, David
dc.date.accessioned2021-11-04T19:41:07Z
dc.date.available2021-11-04T19:41:07Z
dc.date.issued2021-10-11
dc.description.abstractWorld Bank Group President David Malpass discussed a broad range of development issues, including the economic outlook, growth, vaccines, debt, climate, and trade. World Bank financing operations will be addressed at the annual meeting as well as our climate change action plan, which aims to help reduce greenhouse gas (GHG) emissions and improve adaptation. We expect global growth of 5.7 percent in 2021 and 4.4 percent in 2022, these are very similar to our projections in the June Global Economic Prospects report. Incoming high-frequency data point to slowing momentum in global activity amid persistent supply chain bottlenecks and COVID-19 surges. Moreover, the global recovery remains dramatically uneven. The outlook is challenging for much of the developing world with lagging vaccination rates, rising inflation, limited policy support, too few jobs, and shortages that extend to food, water, and electricity. As of mid-2021, over half of IDA countries, those are the world’s poorest countries, are in external debt distress or at high risk of it. A comprehensive approach, including debt reduction, swifter restructuring and more transparency is needed to help countries assess and manage their external debt risks and work toward sustainable debt levels and terms. These are fundamental to supporting health systems, education, and infrastructure and creating growth, investment, and prosperity. Enhanced and accelerated implementation of the Common Framework will be critical in achieving this much-needed debt transparency and sustainability.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/622731634617128908/Remarks-by-World-Bank-Group-President-David-Malpass-at-Roundtable-during-Annual-Meetings-2021
dc.identifier.doi10.1596/36487
dc.identifier.urihttps://hdl.handle.net/10986/36487
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesDelivered October 11, 2021;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC OUTLOOK
dc.subjectCLIMATE CHANGE ACTION PLAN
dc.subjectDEBT SUSTAINABILITY
dc.subjectCOVID-19 VACCINATION
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectDEBT DISTRESS
dc.subjectDEBT TRANSPARENCY
dc.titleRemarks at Media Roundtable during Annual Meetings 2021en
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleRemarks at Media Roundtable during Annual Meetings 2021
okr.date.disclosure2021-10-19
okr.date.doiregistration2025-05-08T13:37:17.062496Z
okr.date.lastmodified2021-10-19T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::President's Speech
okr.docurlhttp://documents.worldbank.org/curated/undefined/622731634617128908/Remarks-by-World-Bank-Group-President-David-Malpass-at-Roundtable-during-Annual-Meetings-2021
okr.guid622731634617128908
okr.identifier.externaldocumentum090224b088a9b7d4_1_0
okr.identifier.internaldocumentum33496846
okr.identifier.report165217
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/622731634617128908/pdf/Remarks-by-World-Bank-Group-President-David-Malpass-at-Roundtable-during-Annual-Meetings-2021.pdfen
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicHealth, Nutrition and Population::Immunizations
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicFinance and Financial Sector Development::Debt Relief and HIPC
okr.unitOffice of the President (EXC)
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2. Speeches by David R. Malpass (2019 to 2023)