Speech

Speech at the 2020 Annual Meetings Plenary

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collection.link.133
https://openknowledge.worldbank.org/handle/10986/5998
collection.link.137
https://openknowledge.worldbank.org/handle/10986/6002
collection.link.329
https://openknowledge.worldbank.org/handle/10986/32342
collection.name.133
Chinese PDFs Available
collection.name.137
Spanish PDFs Available
collection.name.329
A. Speeches by David R. Malpass (2019 to present)
dc.contributor.author
Malpass, David
dc.date.accessioned
2020-10-16T17:29:02Z
dc.date.available
2020-10-16T17:29:02Z
dc.date.issued
2020-10-15
dc.date.lastModified
2020-10-17T05:10:57Z
dc.description.abstract
David Malpass, President of the World Bank, spoke about what the World Bank Group has accomplished since last year’s Annual Meetings, particularly the response to COVID-19 and progress made on debt transparency. The COVID-19 pandemic’s toll has been enormous, and people in the poorest countries are likely to suffer the longest and hardest. In response, the approach at the World Bank Group has been comprehensive, focused on saving lives, protecting the poor and vulnerable, working toward sustainable business growth, and rebuilding in better ways. He touched on the four most urgent aspects of this work: 1) poverty and inequality; 2) human capital; 3) debt burdens; and 4) fostering an inclusive and resilient recovery. The scale of the challenges ahead is staggering. IDA-19’s three-year envelope of USD82 billion will not be nearly enough to meet the needs of the world’s poorest countries at this desperate time. IDA has taken broad and fast action to frontload IDA-19 resources and provide surge financing this year to support the initial efforts to address the economic and health impacts of COVID. A USD25 billion supplemental COVID emergency financing package will avert a “financing cliff” in FY22-23 and make available additional resources to IDA countries to support their recoveries.
en
dc.identifier.uri
http://hdl.handle.net/10986/34629
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Delivered October 15, 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
CORONAVIRUS
dc.subject
COVID-19
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PANDEMIC IMPACT
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PANDEMIC RESPONSE
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SUSTAINABLE GROWTH
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RESILIENT RECOVERY
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POVERTY
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DEBT BURDEN
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HUMAN CAPITAL
dc.subject
INCLUSIVE GROWTH
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IDA-19 RESOURCES
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SUPPLEMENTAL EMERGENCY FINANCE
dc.subject
FINANCING CLIFF
dc.title
Speech at the 2020 Annual Meetings Plenary
en
dc.type
Speech
en
okr.date.disclosure
2020-10-16
okr.doctype
Publications & Research :: President's Speech
okr.doctype
Publications & Research
okr.googlescholar.linkpresent
yes
okr.identifier.report
153680
okr.language.supported
en
okr.topic
Finance and Financial Sector Development :: Concessional Finance and Global Partnerships
okr.topic
Finance and Financial Sector Development :: Debt Relief and HIPC
okr.topic
Governance :: Governance and the Financial Sector
okr.topic
Governance :: International Governmental Organizations
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.unit
Office of the President (EXC)

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