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Introductory Remarks by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution

· David Malpass, President of the World Bank Group (International)

Summary written by Dark Majestic in its own words · topics: public finances and debt

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· David Malpass Wiki · World Bank Group WikiIntroductory Remarks by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution

ContextIntroductory remarks at a Brookings Institution event on the state of the global economy; the World Bank fights poverty and faces a sharp slowdown.

Why it mattersMalpass calls for consensus on debt reduction.

Problems raised
  1. The global outlook is bleak.
  2. Regulation favours advanced country debt.
  3. Debt situations are unsustainable.
Solutions proposed
  1. Build consensus on debt reduction.
  2. Increase debt transparency.
  3. Reform regulatory biases.
Read full speech on worldbank.org ↗

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